Burgaw, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burgaw Neighborhoods Since 2000




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 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

Burgaw Housing Market Information

With 4,100 people, 1,229 houses or apartments, and a median cost of homes of $117,896, house prices in Burgaw are solidly below the national average.

Single-family detached homes are the single most common housing type in Burgaw, accounting for 62.96% of the town's housing units. Other types of housing that are prevalent in Burgaw include large apartment complexes or high rise apartments ( 25.25%), mobile homes or trailers ( 8.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.40%).

Renters dominate Burgaw's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 ( 26.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.05%). There's also some housing in Burgaw built before 1939 ( 4.53%).

Vacant housing appears to be an issue in Burgaw. Fully 18.12% 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

Burgaw's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Burgaw during the period has been just -1.67%, which is lower than 80% of US communities.

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 2.99%, 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 2.52%, which equates to an annual appreciation rate of 10.47%.

Importantly, this makes Burgaw 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 Burgaw's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$117,896

Burgaw, NC HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.0
$543,001 - $814,000 1.2
$434,001 - $543,000 1.4
$326,001 - $434,000 4.7
$217,001 - $326,000 14.7
$109,001 - $217,000 36.2
$54,001 - $109,000 26.8
$0 - $54,000 14.9

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
66.7174499003867 64.6098003629764

Number Of Homes And Apartments:
1,229

Burgaw 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
30.35% 1.55% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 33.07
Renters 66.93
Vacant 18.12

Housing Market Details

 

Age of Homes

AGE OF Burgaw HOMES
2000 or Newer 22.1
1970 - 1999 46.4
1940 - 1969 27.0
1939 or Older 4.5

Types of Homes

TYPE OF Burgaw HOMES
Single-Family 63.0
Townhomes 0.0
Small Apt. Buildings 3.4
Apt. Complexes 25.2
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Burgaw HOMES
No Bedroom 3.33
1 Bedroom 9.46
2 Bedrooms 21.39
3 Bedrooms 51.50
4 Bedrooms 11.53
5 or more bedrooms 2.80

Popular Neighborhoods in Burgaw

Zip Codes in Burgaw, NC