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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,516, 2,006 total housing units (homes and apartments), and a median house value of $282,031, China Grove 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 China Grove, accounting for 76.37% of the town's housing units. Other types of housing that are prevalent in China Grove include duplexes, homes converted to apartments or other small apartment buildings ( 11.28%), mobile homes or trailers ( 9.35%), and a few large apartment complexes or high rise apartments ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in China Grove. Owner-occupied housing accounts for 67.31% of China Grove's homes, and 57.00% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. China Grove's housing was primarily built during this period, from the '40s through the '60s. A full 37.58% of the town's housing hails from this era. Other housing ages represented in China Grove include homes built between 1970-1999 ( 29.10%) and housing constructed between 2000 and later ( 19.66%). There's also some housing in China Grove built before 1939 ( 13.66%).
In the last 10 years, China Grove has experienced some of the highest home appreciation rates of any community in the nation. China Grove real estate appreciated 135.67% over the last ten years, which is an average annual home appreciation rate of 8.95%, putting China Grove in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, China Grove definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, China Grove's appreciation rate, at 10.82%, has been at or slightly above the national average. In the latest quarter, China Grove's appreciation rate has been 3.61%, which annualizes to a rate of 15.24%.
Relative to North Carolina, our data show that China Grove's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$282,031
for North carolina
for nation
2,006
$1,607 / per month