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
With 7,343 people, 2,695 houses or apartments, and a median cost of homes of $203,349, Aberdeen real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Aberdeen, accounting for 54.97% of the town's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 29.44%), duplexes, homes converted to apartments or other small apartment buildings ( 11.55%), and a few row houses and other attached homes ( 3.46%).
The most prevalent building size and type in Aberdeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 42.32% owning and 57.68% renting.
There is a lot of housing in Aberdeen 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 Aberdeen built between 2000 and later ( 33.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.51%). There's also some housing in Aberdeen built before 1939 ( 5.93%).
Vacant housing appears to be an issue in Aberdeen. Fully 13.57% of the housing stock is classified as vacant. Left unchecked, vacant Aberdeen homes and apartments can be a drag on the real estate market, holding Aberdeen 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 Aberdeen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.38%, which ranks in the top 40% nationwide. This equates to an annual average Aberdeen house appreciation rate of 0.81%.
NeighborhoodScout's data show that during the latest twelve months, Aberdeen's appreciation rate, at 3.26%, has been at or slightly above the national average. In the latest quarter, Aberdeen's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.
Notably, Aberdeen's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Aberdeen's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
|$816,001 - $1,088,000||0.1|
|$544,001 - $816,000||3.7|
|$435,001 - $544,000||0.2|
|$327,001 - $435,000||12.1|
|$218,001 - $327,000||28.0|
|$109,001 - $218,000||37.8|
|$54,001 - $109,000||9.6|
|$0 - $54,000||5.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Aberdeen HOMES|
|2000 or Newer||33.9|
|1970 - 1999||48.7|
|1940 - 1969||11.5|
|1939 or Older||5.9|
|TYPE OF Aberdeen HOMES|
|Small Apt. Buildings||11.5|
|SIZE OF Aberdeen HOMES|
|5 or more bedrooms||3.75|