Bakersville, NC


Highest Appreciating Bakersville Neighborhoods Since 2000

Bakersville, 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

Bakersville Housing Market Information

With 452 people, 223 houses or apartments, and a median cost of homes of $138,677, house prices in Bakersville are solidly below the national average.

Single-family detached homes are the single most common housing type in Bakersville, accounting for 48.23% of the town's housing units. Other types of housing that are prevalent in Bakersville include large apartment complexes or high rise apartments ( 37.59%), mobile homes or trailers ( 10.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.13%).

The most prevalent building size and type in Bakersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 37.67% owning and 62.33% renting.

There is a lot of housing in Bakersville 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 Bakersville built between 2000 and later ( 26.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.05%). There's also some housing in Bakersville built before 1939 ( 17.73%).

Vacant housing appears to be an issue in Bakersville. Fully 20.92% of the housing stock is classified as vacant. Left unchecked, vacant Bakersville homes and apartments can be a drag on the real estate market, holding Bakersville 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.

Bakersville Home Appreciation Rates

Appreciation rates for homes in Bakersville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.02%, which ranks in the top 40% nationwide. This equates to an annual average Bakersville house appreciation rate of 0.68%.

NeighborhoodScout's data show that during the latest twelve months, Bakersville's appreciation rate, at 3.66%, has been at or slightly above the national average. In the latest quarter, Bakersville's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

Notably, Bakersville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Bakersville's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values


Median Home Value:

Bakersville, NC HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.6
$544,001 - $816,000 0.8
$435,001 - $544,000 2.7
$326,001 - $435,000 5.4
$217,001 - $326,000 17.1
$109,001 - $217,000 36.3
$54,001 - $109,000 19.8
$0 - $54,000 17.3

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
55.4142739950779 49.546279491833

Number Of Homes And Apartments:

Bakersville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
67.89% 3.05% 10 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$654 / per month

Homeownership Rate

Owners 37.67
Renters 62.33
Vacant 20.92

Housing Market Details


Age of Homes

AGE OF Bakersville HOMES
2000 or Newer 26.6
1970 - 1999 32.6
1940 - 1969 23.0
1939 or Older 17.7

Types of Homes

TYPE OF Bakersville HOMES
Single-Family 48.2
Townhomes 1.1
Small Apt. Buildings 2.1
Apt. Complexes 37.6
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Bakersville HOMES
No Bedroom 1.06
1 Bedroom 10.64
2 Bedrooms 34.40
3 Bedrooms 40.43
4 Bedrooms 13.48
5 or more bedrooms 0.00

Popular Neighborhoods in Bakersville

Zip Codes in Bakersville, NC