Candler, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Candler, NC Real Estate Data


Candler Housing Market Information

With a population of 17,773, 1,770 total housing units (homes and apartments), and a median house value of $165,826, Candler 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 Candler, accounting for 56.65% of the town's housing units. Other types of housing that are prevalent in Candler include mobile homes or trailers ( 36.04%), large apartment complexes or high rise apartments ( 4.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Candler. Owner-occupied housing accounts for 72.40% of Candler's homes, and 58.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Candler 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 Candler built between 2000 and later ( 24.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.85%). There's also some housing in Candler built before 1939 ( 5.60%).

Vacant housing appears to be an issue in Candler. Fully 12.63% of the housing stock is classified as vacant. Left unchecked, vacant Candler homes and apartments can be a drag on the real estate market, holding Candler 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.

Candler Home Appreciation Rates

Real estate appreciation rates in Candler's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.19% during the period.

Over the last year, Candler appreciation rates have trailed the rest of the nation. In the last twelve months, Candler's appreciation rate has been 4.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Candler were at 3.54%, which equates to an annual appreciation rate of 14.92%.

Importantly, this makes Candler 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 Candler's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$165,826

Candler, NC HOME PRICES

Value Range
> $1,143,000 0.3
$857,001 - $1,143,000 0.7
$571,001 - $857,000 4.4
$457,001 - $571,000 1.3
$343,001 - $457,000 5.8
$228,001 - $343,000 15.2
$114,001 - $228,000 41.4
$57,001 - $114,000 11.6
$0 - $57,000 19.3

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
44.4223224219711 37.3865698729583

Number Of Homes And Apartments:
1,770

Rent & Ownership

 

Average Market Rent:
$842 / per month

Homeownership Rate

Homeownership
Owners 72.40
Renters 27.60
Vacant 12.63

Housing Market Details

 

Age of Homes

AGE OF Candler HOMES
2000 or Newer 24.3
1970 - 1999 49.2
1940 - 1969 20.9
1939 or Older 5.6

Types of Homes

TYPE OF Candler HOMES
Single-Family 56.6
Townhomes 0.6
Small Apt. Buildings 2.0
Apt. Complexes 4.7
Mobile Homes 36.0
Other 0.0

Home Size

SIZE OF Candler HOMES
No Bedroom 1.71
1 Bedroom 4.54
2 Bedrooms 33.10
3 Bedrooms 51.86
4 Bedrooms 6.97
5 or more bedrooms 1.82

Candler Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.40% 1.80% 7 4
* 10 is highest