Aberdeen, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aberdeen Neighborhoods Since 2000




Aberdeen, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aberdeen Housing Market Information

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.

Aberdeen Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$203,349

Aberdeen, NC HOME PRICES

Value Range
> $1,088,000 3.2
$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

High for NC
High for Nation

Value Relative to Nation Value Relative to State
31.425055666237 22.8675136116152

Number Of Homes And Apartments:
2,695

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
51.74% 2.45% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$973 / per month

Homeownership Rate

Homeownership
Owners 42.32
Renters 57.68
Vacant 13.57

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 33.9
1970 - 1999 48.7
1940 - 1969 11.5
1939 or Older 5.9

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 55.0
Townhomes 3.5
Small Apt. Buildings 11.5
Apt. Complexes 29.4
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 0.00
1 Bedroom 14.95
2 Bedrooms 24.63
3 Bedrooms 46.15
4 Bedrooms 10.52
5 or more bedrooms 3.75

Popular Neighborhoods in Aberdeen

Zip Codes in Aberdeen, NC