Apex, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Apex Neighborhoods Since 2000




Apex, 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

Apex Housing Market Information

With 45,585 people, 14,397 houses or apartments, and a median cost of homes of $340,445, Apex house prices are not only among the most expensive in North Carolina, Apex real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Apex, accounting for 67.24% of the town's housing units. Other types of housing that are prevalent in Apex include large apartment complexes or high rise apartments ( 15.91%), row houses and other attached homes ( 12.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apex. Owner-occupied housing accounts for 70.47% of Apex's homes, and 72.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Apex 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 Apex built between 2000 and later ( 44.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.90%). There's also some housing in Apex built before 1939 ( 1.51%).

Apex Home Appreciation Rates

In the last 10 years, Apex has experienced some of the highest home appreciation rates of any community in the nation. Apex real estate appreciated 21.06% over the last ten years, which is an average annual home appreciation rate of 1.93%, putting Apex in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Apex definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Apex that despite a nationwide downturn in the housing market, Apex real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Apex appreciation rates continue to be some of the highest in America, at 6.86%, which is higher than appreciation rates in 80.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Apex. Apex appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Apex 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 Apex's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Apex differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apex - 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 2000, to assist you in making the best Apex real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$340,445

Apex, NC HOME PRICES

Value Range
> $1,221,000 0.9
$916,001 - $1,221,000 0.8
$611,001 - $916,000 4.3
$489,001 - $611,000 7.7
$366,001 - $489,000 26.5
$244,001 - $366,000 36.0
$122,001 - $244,000 20.0
$61,001 - $122,000 1.4
$0 - $61,000 2.5

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
12.8969881636001 5.26315789473684

Number Of Homes And Apartments:
14,397

Apex 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
53.76% 2.53% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,605 / per month

Homeownership Rate

Homeownership
Owners 70.47
Renters 29.53
Vacant 5.21

Housing Market Details

 

Age of Homes

AGE OF Apex HOMES
2000 or Newer 44.6
1970 - 1999 52.0
1940 - 1969 1.9
1939 or Older 1.5

Types of Homes

TYPE OF Apex HOMES
Single-Family 67.2
Townhomes 12.3
Small Apt. Buildings 2.5
Apt. Complexes 15.9
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Apex HOMES
No Bedroom 0.00
1 Bedroom 4.62
2 Bedrooms 17.22
3 Bedrooms 41.88
4 Bedrooms 30.21
5 or more bedrooms 6.08