Burgaw, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Burgaw, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Burgaw Housing Market Information

With a population of 4,110, 1,061 total housing units (homes and apartments), and a median house value of $161,089, Burgaw 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 Burgaw, accounting for 69.44% of the town's housing units. Other types of housing that are prevalent in Burgaw include large apartment complexes or high rise apartments ( 20.33%), mobile homes or trailers ( 5.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.53%).

The most prevalent building size and type in Burgaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.58% owning and 50.42% renting.

There is a lot of housing in Burgaw 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 Burgaw built between 1940-1969 ( 30.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.29%). There's also some housing in Burgaw built before 1939 ( 11.65%).

Vacant housing appears to be an issue in Burgaw. Fully 21.29% of the housing stock is classified as vacant. Left unchecked, vacant Burgaw homes and apartments can be a drag on the real estate market, holding Burgaw 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.

Burgaw Home Appreciation Rates

Homes have actually lost value in Burgaw over the last then years, as home values have seen a decline of 11.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Burgaw home appreciation rates at 0.80%, which equates to an annual appreciation rate of 3.25%.

Over the last year, Burgaw appreciation rates have trailed the rest of the nation. In the last twelve months, Burgaw's appreciation rate has been 2.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burgaw were at 0.80%, which equates to an annual appreciation rate of 3.25%.

Relative to North Carolina, our data show that Burgaw's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$161,089

Burgaw, NC HOME PRICES

Value Range
> $1,118,000 0.0
$838,001 - $1,118,000 0.0
$559,001 - $838,000 1.1
$447,001 - $559,000 0.0
$336,001 - $447,000 4.0
$223,001 - $336,000 13.3
$112,001 - $223,000 57.8
$56,001 - $112,000 15.2
$0 - $56,000 8.6

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
52.043795620438 47.1920289855072

Number Of Homes And Apartments:
1,061

Burgaw Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
34.94% 1.57%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 49.58
Renters 50.42
Vacant 21.29

Housing Market Details

 

Age of Homes

AGE OF Burgaw HOMES
2000 or Newer 19.3
1970 - 1999 38.6
1940 - 1969 30.4
1939 or Older 11.6

Types of Homes

TYPE OF Burgaw HOMES
Single-Family 69.4
Townhomes 0.0
Small Apt. Buildings 4.5
Apt. Complexes 20.3
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Burgaw HOMES
No Bedroom 0.00
1 Bedroom 10.76
2 Bedrooms 23.59
3 Bedrooms 55.64
4 Bedrooms 7.79
5 or more bedrooms 2.23

Popular Neighborhoods in Burgaw

Zip Codes in Burgaw, NC