Butner, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Butner, 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

Butner Housing Market Information

With 7,751 people, 2,564 houses or apartments, and a median cost of homes of $124,117, house prices in Butner are solidly below the national average.

Single-family detached homes are the single most common housing type in Butner, accounting for 49.12% of the town's housing units. Other types of housing that are prevalent in Butner include mobile homes or trailers ( 25.53%), large apartment complexes or high rise apartments ( 12.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.31%).

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 60.63% owning and 39.37% 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 1940-1969 ( 20.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.21%). There's also some housing in Butner built before 1939 ( 2.24%).

Butner Home Appreciation Rates

Butner's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Butner during the period has been just -1.29%, which is lower than 70% of US communities.

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 -3.77%, 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 -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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:
$124,117

Butner, NC HOME PRICES

Value Range
> $956,000 0.0
$717,001 - $956,000 0.0
$478,001 - $717,000 0.2
$383,001 - $478,000 0.0
$287,001 - $383,000 4.4
$191,001 - $287,000 10.9
$96,001 - $191,000 53.4
$48,001 - $96,000 13.2
$0 - $48,000 17.9

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
63.0669166764327 58.4392014519056

Number Of Homes And Apartments:
2,564

Butner 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
-2.05% -0.12% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 60.63
Renters 39.37
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Butner HOMES
2000 or Newer 19.2
1970 - 1999 57.9
1940 - 1969 20.6
1939 or Older 2.2

Types of Homes

TYPE OF Butner HOMES
Single-Family 49.1
Townhomes 3.9
Small Apt. Buildings 9.3
Apt. Complexes 12.1
Mobile Homes 25.5
Other 0.0

Home Size

SIZE OF Butner HOMES
No Bedroom 4.05
1 Bedroom 4.34
2 Bedrooms 31.05
3 Bedrooms 45.92
4 Bedrooms 14.05
5 or more bedrooms 0.59

Popular Neighborhoods in Butner

Zip Codes in Butner, NC