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 3,591 people, 1,267 houses or apartments, and a median cost of homes of $171,942, Benson real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Benson, accounting for 65.96% of the town's housing units. Other types of housing that are prevalent in Benson include duplexes, homes converted to apartments or other small apartment buildings ( 23.00%), large apartment complexes or high rise apartments ( 9.16%), and a few mobile homes or trailers ( 1.87%).
The most prevalent building size and type in Benson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.53% owning and 55.47% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Benson's housing was primarily built during this period, from the '40s through the '60s. A full 44.64% of the town's housing hails from this era. Other housing ages represented in Benson include homes built between 1970-1999 ( 29.61%) and housing constructed before 1939 ( 13.34%). There's also some housing in Benson built between 2000 and later ( 12.41%).
Vacant housing appears to be an issue in Benson. Fully 21.01% of the housing stock is classified as vacant. Left unchecked, vacant Benson homes and apartments can be a drag on the real estate market, holding Benson 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 Benson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.55%, which ranks in the top 30% nationwide. This equates to an annual average Benson house appreciation rate of 1.10%.
NeighborhoodScout's data show that during the latest twelve months, Benson's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Benson's appreciation rate has been 2.42%, which annualizes to a rate of 10.04%.
Importantly, this makes Benson 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 Benson's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
|$861,001 - $1,148,000||0.0|
|$574,001 - $861,000||1.8|
|$459,001 - $574,000||0.0|
|$344,001 - $459,000||5.2|
|$230,001 - $344,000||12.1|
|$115,001 - $230,000||40.3|
|$58,001 - $115,000||24.6|
|$0 - $58,000||14.9|
|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 Benson HOMES|
|2000 or Newer||12.4|
|1970 - 1999||29.6|
|1940 - 1969||44.6|
|1939 or Older||13.3|
|TYPE OF Benson HOMES|
|Small Apt. Buildings||23.0|
|SIZE OF Benson HOMES|
|5 or more bedrooms||5.74|