Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 632, 234 total housing units (homes and apartments), and a median house value of $279,980, Whitakers 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 Whitakers, accounting for 62.17% of the town's housing units. Other types of housing that are prevalent in Whitakers include mobile homes or trailers ( 28.74%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%).
The most prevalent building size and type in Whitakers are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.55% owning and 41.45% renting.
There is a lot of housing in Whitakers built from 1970 to 1999 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 Whitakers built between 2000 and later ( 29.33%). A lesser amount of the housing stock also hails from before 1939 ( 21.11%). There's also some housing in Whitakers built between 1940-1969 ( 14.37%).
Vacant housing appears to be an issue in Whitakers. Fully 31.38% of the housing stock is classified as vacant. Left unchecked, vacant Whitakers homes and apartments can be a drag on the real estate market, holding Whitakers real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Whitakers have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.03%, which ranks in the top 40% nationwide. This equates to an annual average Whitakers house appreciation rate of 6.85%.
NeighborhoodScout's data show that during the latest twelve months, Whitakers's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Whitakers's appreciation rate has been 5.42%, which annualizes to a rate of 23.51%.
Importantly, this makes Whitakers one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Whitakers's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$279,980
for North carolina
for nation
234
$1,471 / per month