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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Butner, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Butner, NC Housing Market Trends

With a population of 8,451, 2,343 total housing units (homes and apartments), and a median house value of $268,471, Butner 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 Butner, accounting for 56.23% of the town's housing units. Other types of housing that are prevalent in Butner include mobile homes or trailers ( 20.99%), large apartment complexes or high rise apartments ( 15.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.61%).

The most prevalent building size and type in Butner are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.99% owning and 44.01% renting.

There is a lot of housing in Butner 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 Butner built between 2000 and later ( 26.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.92%). There's also some housing in Butner built before 1939 ( 1.32%).

Vacant housing appears to be an issue in Butner. Fully 16.35% of the housing stock is classified as vacant. Left unchecked, vacant Butner homes and apartments can be a drag on the real estate market, holding Butner 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.

Butner Home Appreciation Rates

Appreciation rates for homes in Butner have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.57%, which ranks in the top 40% nationwide. This equates to an annual average Butner house appreciation rate of 6.66%.

Over the last year, Butner appreciation rates have trailed the rest of the nation. In the last twelve months, Butner's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Butner were at -0.57%, which equates to an annual appreciation rate of -2.24%.

Relative to North Carolina, our data show that Butner's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$268,471

Butner, NC Home Prices
> $1,426,000
$1,070,001 - $1,426,000
$713,001 - $1,070,000
$570,001 - $713,000
$428,001 - $570,000
$285,001 - $428,000
$142,001 - $285,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.0%
0.0%
1.2%
1.2%
2.4%
2.4%
3.4%
3.4%
27.5%
27.5%
46.7%
46.7%
6.6%
6.6%
12.1%
12.1%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

2,343

Butner Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,980 / per month

Homeownership Rate

Owners
Renters
56.0%
56.0%
44.0%
44.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.4%
16.4%
83.6%
83.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.2%
26.2%
54.6%
54.6%
17.9%
17.9%
1.3%
1.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.2%
56.2%
1.5%
1.5%
5.6%
5.6%
15.7%
15.7%
21.0%
21.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
6.6%
6.6%
27.3%
27.3%
47.9%
47.9%
17.4%
17.4%
0.7%
0.7%
0% 100.0%
% of Homes