Gastonia appreciation rates and housing market information

Gastonia housing market information

With a population of 66,298, 27,848 total housing units (homes and apartments), and a median house value of $153,653, Gastonia real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Gastonia, accounting for 70.18% of the city's housing units. Other types of housing that are prevalent in Gastonia include large apartment complexes or high rise apartments (18.86%), duplexes, homes converted to apartments, or other small apartment buildings (6.29%), mobile homes or trailers (2.38%), and a few row houses and other attached homes (2.26%).

People in Gastonia primarily live in small (one, two, or no bedroom) single-family detached homes. Gastonia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Gastonia built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gastonia built from 1940-1969 (39.98%). A lesser amount of the housing stock also hails from 1939 and earlier (10.76%), and some were built from 1995 and later (10.76%).

Gastonia home appreciation rates

Gastonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gastonia during the period has been just 5.98%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Gastonia home appreciation rates, at 1.55%, have been at or slightly above the national average. In the latest quarter, Gastonia's appreciation rate has been -0.24%, which annualizes to a rate of -0.96%.

Relative to North Carolina, our data show that Gastonia's latest annual appreciation rate is higher than 34% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gastonia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gastonia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Gastonia real estate investment or home purchase decisions.