Your Albemarle, NC Real Estate Questions Answered
Your Albemarle, NC Real Estate Questions Answered
There's a lot to think about when you're considering moving to a new area. And if you're looking at Albemarle, NC, you probably have many questions about the local real estate market. This small town northeast of Charlotte and near the Pee Dee River has a lot to offer for someone looking for a laid-back lifestyle.
Albemarle is a destination for outdoor recreation, with visitors using it as a jumping-off point for the Uwharrie Lakes region. This friendly town is growing and offers historic and new construction homes. But why not live where others come to vacation? We're here to answer all of your Albemarle real estate questions.
What is the average price of a home in Albemarle, NC?
Albemarle offers various housing options, from the historic downtown home to a rural homestead. The median price of a home in Albemarle was $250,000 in June 2022, with 153 homes on the market. Home prices were up 28% year-over-year.
This number can fluctuate depending on the type of home you're looking for and the current state of the real estate market. However, this price is a good starting point when considering your budget for a new home.
Albemarle list prices ranged from $14,000 for a vacant residential lot to $1.5 million for a nine-bedroom, 4.5+-bathroom, 7,429 sq ft home on 14.4 acres.
Are there any condos or townhomes available in Albemarle, NC?
Few condos and townhomes are available in Albemarle. The majority of the housing options in this town are single-family homes. If you're interested in a condo or townhome, we recommend contacting a local real estate agent to learn more about your options.
What is the cost of living in Albemarle?
The cost of living in Albemarle is relatively low compared to other North Carolina areas. Overall expenditures are 24% less than the national index average and 14% less than the North Carolina rate.
Most categories were under the national indexed cost of living expenditures. Housing was particularly affordable, coming in at 53% below the national expenditure. Only utility costs exceeded the national average, and only by 1%.
What is the property tax rate for Albemarle, NC?
Albemarle's property taxes were $0.61 per $100 of valuation in 2021-2022. Stanly County charged $0.61. This means that a home with an assessed value of $250,000 would have annual property taxes of just over $3,050. In addition, the solid waste fee was $95.00.
Stanly County properties were last valued in 2021 and will be revalued in 2025.
What county is Albemarle, NC in?
Albemarle is in Stanly County and is the county seat. This region of rolling hills and small towns are located near Badin Lake, Morrow Mountain State Park, and the Uwharrie National Forest. Its most significant draw is the many parks, lakes, and rivers that provide all kinds of outdoor adventures for visitors and residents.
Residents do have several golf courses and country clubs in the area for more recreation and sports options. Albemarle also has a historic downtown district with local boutique shops and restaurants.
The rolling countryside is ripe for wine production, and Stanly County has several vineyards and wineries. Albemarle is home to the Stanly County Museum, which exhibits the county's history, culture, and art.
Is Albemarle, NC, growing?
Yes, Albemarle is growing. The population has increased by 3% since 2010, so growth is slow and steady. It matches the growth of Stanly County, which grew by the same amount. The average age of an Albemarle resident was 39 years old in 2020.
What neighborhoods are in Albemarle, NC?
Some of Albemarle's notable neighborhoods include:
Historic Downtown Albemarle, a classic Main Street area with shops, restaurants, and local businesses, now operating from old grain silos, opera houses, and brick row houses.
Woodcrest homes range in age and size, having been developed as far back east the 1960s. Most homes are three to four bedrooms. It is zoned for the highly-rated New London Choice Middle School.
Ashley Heights in north Albemarle is near Town Creek. Homes were developed in the 1990s, and lots sizes vary from small to up to three acres. Most home sizes are 1700 to 2100 sq ft.
Windsor Hills is an established single-family home community in south Albemarle with homes developed in the 1970s. Most homes are around 1,300 to 1,700 sq ft in size.
Morgan Hills is a new construction community in south Albemarle with two-story homes near Hwy 24.
Parkwest is a newer construction neighborhood with ranch and two-story homes. It is located between two highways, Hwy 24/27 & Hwy 73.
Are there any waterfront properties found in Albemarle, NC?
Some waterfront homes are in Albemarle, but they are few and far between. The majority of the town's homes are not on the water.
If you're interested in a waterfront property, your best bet is to look outside the city limits and into the general Albemarle area. You'll find homes on Lake Tillery, the Pee Dee River, and other branches.
We recommend contacting a local real estate agent to learn more about your waterfront living options.
How is golf in Albemarle, NC?
Albemarle does not have golf courses inside the city limits. You'll need to travel across the Pee Dee River or to Norwood for golfing. The closest courses are Piney Point, Old State North, and Tillery Tradition.
What areas are near Albemarle, NC?
The Uwharrie National Forest across the Pee Dee River may be the smallest of North Carolina's national forests, but it offers ample scenery, hiking, camping, fishing, and more.
Morrow Mountain State Park overlooks the Uwharrie National Forest and the Pee Dee River. It has hiking, camping, horseback riding, and picnicking.
Badin Lake is just a short drive northeast of Albemarle and is great for fishing, swimming, boating, and paddleboarding.
Nearby towns include Badin, Norwood, New London, and Stanfield. All are rural small towns with a long history in North Carolina.
To the east awaits the Charlotte metro and its suburbs, like Midland and Mint Hill. Albemarle is about an hour drive from Charlotte. You can make a day trip to visit the city's attractions, like its museums, music venues, or professional sporting events.
What to know about living in Albemarle, NC
Albemarle is a great place to live for those who love the outdoors. The cost of living is reasonable, and the school system is good. There are many parks, lakes, and rivers for recreation activities. Albemarle is also centrally located, so you can easily get to Charlotte, Raleigh, or Greensboro.
The weather in Albemarle is typical for inland North Carolina - hot and humid summers and mild winters. May, September, and October are the most pleasant months in terms of weather.
If you're thinking about moving to Albemarle, we recommend contacting a local real estate agent to learn more about the area and the current housing market. They can help you find the perfect home for your needs.