Claremont, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Claremont, 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

Claremont Housing Market Information

With 1,365 people, 568 houses or apartments, and a median cost of homes of $177,366, Claremont real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Claremont, accounting for 69.44% of the city's housing units. Other types of housing that are prevalent in Claremont include large apartment complexes or high rise apartments ( 11.93%), row houses and other attached homes ( 8.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Claremont. Owner-occupied housing accounts for 73.94% of Claremont's homes, and 50.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Claremont 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 Claremont built between 1940-1969 ( 33.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.46%). There's also some housing in Claremont built before 1939 ( 3.76%).

Claremont Home Appreciation Rates

Real estate appreciation rates in Claremont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.74% during the period.

Over the last year, Claremont appreciation rates have trailed the rest of the nation. In the last twelve months, Claremont's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Claremont were at -1.33%, which equates to an annual appreciation rate of -5.22%.

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

Relative to North Carolina, our data show that Claremont's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$177,366

Claremont, NC HOME PRICES

Value Range
> $1,040,000 0.5
$780,001 - $1,040,000 0.0
$520,001 - $780,000 1.5
$416,001 - $520,000 2.5
$312,001 - $416,000 8.4
$208,001 - $312,000 12.7
$104,001 - $208,000 34.5
$52,001 - $104,000 28.4
$0 - $52,000 11.6

High for NC
High for Nation

Value Relative to Nation Value Relative to State
39.0659791398101 30.4900181488203

Number Of Homes And Apartments:
568

Claremont 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
5.62% 0.32% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 73.94
Renters 26.06
Vacant 7.19

Housing Market Details

 

Age of Homes

AGE OF Claremont HOMES
2000 or Newer 18.5
1970 - 1999 44.1
1940 - 1969 33.7
1939 or Older 3.8

Types of Homes

TYPE OF Claremont HOMES
Single-Family 69.4
Townhomes 9.0
Small Apt. Buildings 6.9
Apt. Complexes 11.9
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Claremont HOMES
No Bedroom 1.96
1 Bedroom 0.49
2 Bedrooms 42.65
3 Bedrooms 43.95
4 Bedrooms 7.03
5 or more bedrooms 3.92

Popular Neighborhoods in Claremont

Zip Codes in Claremont, NC