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 a population of 26,103, 10,203 total housing units (homes and apartments), and a median house value of $113,726, house prices in Asheboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Asheboro, accounting for 57.02% of the city's housing units. Other types of housing that are prevalent in Asheboro include large apartment complexes or high rise apartments ( 17.36%), duplexes, homes converted to apartments or other small apartment buildings ( 14.76%), and a few mobile homes or trailers ( 7.03%).
People in Asheboro primarily live in small (one, two or no bedroom) single-family detached homes. Asheboro has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Asheboro 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 Asheboro built between 1940-1969 ( 34.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.31%). There's also some housing in Asheboro built before 1939 ( 6.43%).
Vacant housing appears to be an issue in Asheboro. Fully 11.88% of the housing stock is classified as vacant. Left unchecked, vacant Asheboro homes and apartments can be a drag on the real estate market, holding Asheboro 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.
Asheboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Asheboro during the period has been just -0.80%, which is lower than 70% of US communities.
Over the last year, Asheboro appreciation rates have trailed the rest of the nation. In the last twelve months, Asheboro's appreciation rate has been -0.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Asheboro were at 0.02%, which equates to an annual appreciation rate of 0.09%.
Relative to North Carolina, our data show that Asheboro's latest annual appreciation rate is lower 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 city. Individual neighborhoods within Asheboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Asheboro - 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 Asheboro real estate investment or home purchase decisions.
|$771,001 - $1,029,000||0.3|
|$514,001 - $771,000||0.7|
|$411,001 - $514,000||0.7|
|$309,001 - $411,000||2.5|
|$206,001 - $309,000||5.8|
|$103,001 - $206,000||44.8|
|$51,001 - $103,000||35.4|
|$0 - $51,000||9.5|
|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 Asheboro HOMES|
|2000 or Newer||18.3|
|1970 - 1999||40.3|
|1940 - 1969||35.0|
|1939 or Older||6.4|
|TYPE OF Asheboro HOMES|
|Small Apt. Buildings||14.8|
|SIZE OF Asheboro HOMES|
|5 or more bedrooms||2.18|