Candler, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Candler Neighborhoods Since 2000




Candler, 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

Candler Housing Market Information

With a population of 17,773, 1,701 total housing units (homes and apartments), and a median house value of $172,412, 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 53.65% of the town's housing units. Other types of housing that are prevalent in Candler include mobile homes or trailers ( 37.87%), large apartment complexes or high rise apartments ( 5.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.58%).

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 69.80% of Candler's homes, and 55.71% 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 ( 26.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.43%). There's also some housing in Candler built before 1939 ( 4.69%).

Vacant housing appears to be an issue in Candler. Fully 13.54% 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

Appreciation rates for homes in Candler have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.15%, which ranks in the top 50% nationwide. This equates to an annual average Candler house appreciation rate of 0.11%.

Appreciation rates are so strong in Candler that despite a nationwide downturn in the housing market, Candler real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Candler appreciation rates continue to be some of the highest in America, at 9.18%, which is higher than appreciation rates in 91.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Candler. Candler appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.15%.

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

Average Home Values

 

Median Home Value:
$172,412

Candler, NC HOME PRICES

Value Range
> $1,189,000 0.3
$891,001 - $1,189,000 0.7
$594,001 - $891,000 5.6
$476,001 - $594,000 1.4
$357,001 - $476,000 4.2
$238,001 - $357,000 18.5
$119,001 - $238,000 35.7
$59,001 - $119,000 13.4
$0 - $59,000 20.2

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
40.7535450603539 33.0308529945554

Number Of Homes And Apartments:
1,701

Candler 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
46.11% 2.22% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 69.80
Renters 30.20
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Candler HOMES
2000 or Newer 26.1
1970 - 1999 49.7
1940 - 1969 19.4
1939 or Older 4.7

Types of Homes

TYPE OF Candler HOMES
Single-Family 53.7
Townhomes 0.5
Small Apt. Buildings 2.6
Apt. Complexes 5.4
Mobile Homes 37.9
Other 0.0

Home Size

SIZE OF Candler HOMES
No Bedroom 1.78
1 Bedroom 5.06
2 Bedrooms 35.23
3 Bedrooms 49.09
4 Bedrooms 6.61
5 or more bedrooms 2.22