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Thursday, March 10, 2022

Your Salisbury NC Real Estate Questions Answered

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Your Salisbury, NC Real Estate Questions Answered

Salisbury’s population is growing, and so is its reputation as a top destination for people who want to live, work, and play in the Carolinas. This town is smack between Charlotte and Winston-Salem but far enough away to provide a relaxed, small-town lifestyle.

Have you ever wondered if it’s a good idea to buy real estate in Salisbury? The town is a thriving community with lots of available amenities, and the benefits go beyond just what you can see. The affordable cost of living is drawing people into the area.

Here are some answers to questions that might help you decide if buying a home in Salisbury is right for you.

What is the average price of a home in Salisbury, NC?

Salisbury is a great place to buy real estate. The median home price in Salisbury, NC, was $240K in January 2022. Salisbury’s median home price per square foot was $150. The average listing price of homes for sale was up 10.1% year-over-year.

There were 312 homes for sale in February 2022. The most expensive listing was $1.5 million for a 3-bedroom, 2-bathroom, 2,450 sq ft home on over 32 acres. The most affordable home was $55,000 for a 2-bedroom, 1-bathroom, 780 sq ft property in need of renovations.

Are there any condos or townhomes available in Salisbury, NC? 

Yes, Salisbury does offer condo and townhome properties. The market had 20 listings in February 2022. The most affordable home was $156,000 for a 2-bedroom, 1.5-bathroom, 1,050 sq ft condo. The most expensive listing was $267,000 for a 3-bedroom, 2.5-bathroom, 1392 sq ft townhome.

What is the property tax rate for Salisbury, NC?

The City of Salisbury levied a $0.7196 per $100 of assessed value property tax rate in 2021-2022. The municipal service district assessed an additional $0.176. Rowan County’s property tax rate was $0.6575 in 2021. The county collects the municipal tax. You may have a fire district tax if you live outside the city limits.

What county is Salisbury, NC in?

Salisbury is in Rowan County, NC. Rowan residents are proud of their southern heritage and quality of life. This lifestyle is within an hour’s drive from Charlotte and the Triad. You’ll find a peaceful countryside filled with wineries and pick-your-own farms, as well as a vibrant downtown district with breweries, a historic trolley, a flourishing arts scene, and more.

Rowan County weather is mild and moderate, with an average annual high temperature of 71°F and a low of 48°F. The pleasant environment allows for plenty of outdoor activities and family fun.

The cost of living in Rowan County is 9% lower than the North Carolina average and 15% lower than the national average.

Rowan County has ten municipalities, and Salisbury is the county seat. It has a strong school system and access to quality health care. Plus, the resources of Charlotte and Winston-Salem are within a 1-2 hours drive. 

Is Salisbury, NC growing?

Salisbury’s population in the April 2020 Census was 35,540 people. This increased from the 2010 Census population of 33,662. Salisbury’s population is expected to grow by an incremental amount each year.

What neighborhoods are in Salisbury, NC?

Athens West, Greystone Village, and Yorkshire Farms had the most listings in February 2022. The highest median prices were in Crescent Links, The Crescent, and Country Club. Weatherstone, Summer Place, Pine Valley, and Hidden Creek were the most affordable neighborhoods. 

Crescent Golf and Country Club’s homes started development in the 2000s. The community has condos and single-family homes—the styles and sizes range.

Shay Crossing is a new home community with residences ranging from 1400-2400 sq ft. 

Fulton Heights is a historic neighborhood near downtown Salisbury. You’ll find a range of property styles and sizes. Some homes date back to the 1900s.

Rolling Hills has lot sizes up to an acre. It was developed throughout the years, with some homes dating back to the late 1950s. 

Westcliffe is an established neighborhood with homes dating between 1963 and 1990. A typical home is 3-4 bedrooms and 2-4 bathrooms.

Secret Garden has mid-sized homes built between 2000-2006. A typical home has around four bedrooms and three bathrooms. 

Are there any waterfront properties found in Salisbury, NC? 

Yes, you’ll find a waterfront lifestyle possible in Salisbury. Inside the city limits are some creeks and streams, but your best options are outside the city limits.

Just north is Grants Creek, which drains into the winding Yadkin River. The river is dammed at High Rock, creating High Rock Lake just to Salisbury’s east. The lake is a top fishing location in North Carolina.

You can find waterfront lots and properties for sale along the coves and arms of High Rock Lake. You’ll be a 10-30 minutes drive from Salisbury, depending on where you live.

How is golf in Salisbury, NC?

Salisbury has five golf courses for you to play.

McCanless Golf Club’s public course is not long but has an intriguing layout that challenges beginners and experts. The course conditions compare favorably with excellent bent grass greens and full bermuda fairways to those on more expensive courses in the region.

The Corbin Hills Golf Course has an 18-hole public course with 6,399 yards of golf from the longest tees for a par-72. The course rating is 70.2, and it has a slope rating of 118. Gaither McComb designed the Corbin Hills course.

The Rolling Hills Golf Club is a public course that measures 6,056 yards from the longest tees for a par-72. The 70.0-rated course has a slope rating of 113. Walk Kepley designed the Rolling Hills Course, which opened in 1981.

The Country Club of Salisbury was formed in 1919. Donald Ross designed the course. It is the only private course in the area. The amenities include tennis, a clubhouse, and a pro shop.

Are there golf course communities in Salisbury, NC? 

You can find some golf course residential housing in Salisbury. The Meadowbrook community is adjacent to the Crescent Revival Golf Course. The homes in Meadowbrook are a mixture of styles and sizes. Some homes have golf course views.

Another place to look is Corbin Hills. There is some real estate along this public course.

Country Club of Salisbury is another golf course community. Many homes were established in the early 2000s. Their styles and sizes range. 

What areas are near Salisbury, NC?

Salisbury borders Spencer and Granite Quarry to the west. These are the closest to Salisbury and almost extensions of the town.

China Grove is just south of Salisbury. Historic Gold Hill is just west with its shopping village and a 70-acre park.

Lexington, NC, is accessible up I-85, which runs through Salisbury. Going the other way, residents can be in Kannapolis in about 30-40 minutes. Kannapolis is home to a growing research campus.

Salisbury to Uptown Charlotte is about 45 minutes on I-85, depending on where you live and the traffic. This places Charlotte’s numerous lifestyle amenities within reach. 

Going the other way on I-85, residents can reach Winston-Salem in about a 40-minute drive. Winston-Salem is another location with excellent higher education and lifestyle amenity options.

Nearby are the Yadkin River and High Rock Lake, a popular spot for fishing, kayaking, and boating. There is some waterfront dining available along some of the lake arms.

What to know about living in Salisbury, NC

The downtown area has many local shops, restaurants, and bars. The downtown district is easily walkable if you live close enough. Many homes in the downtown area are historic and have been renovated to fit today’s needs.

Salisbury hosts many events throughout the year, including parades, festivals, art shows and more. Salisbury has a flourishing arts sector, four institutions of higher education, and a varied group of business professionals. Its proximity to I-85 and location between Charlotte, Greensboro, and Winston-Salem, makes it an excellent choice for travelers or commuters.

If you’re looking at living in Salisbury, contact a local real estate agent to find the right neighborhood for you. 

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Preston Guyton

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