Clayton, NC Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clayton, NC Housing Market Trends

With a population of 24,887, 7,488 total housing units (homes and apartments), and a median house value of $232,751, Clayton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clayton, accounting for 67.64% of the town's housing units. Other types of housing that are prevalent in Clayton include large apartment complexes or high rise apartments ( 15.72%), duplexes, homes converted to apartments or other small apartment buildings ( 6.18%), and a few row houses and other attached homes ( 6.11%).

The most prevalent building size and type in Clayton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.57% owning and 38.43% renting.

Clayton homes and real estate are some of the newest in America. 56.34% of Clayton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Clayton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.71%), and between 1940-1969 ( 8.02%). There's also some housing in Clayton built before 1939 ( 1.93%).

Clayton Home Appreciation Rates

Appreciation rates for homes in Clayton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 52.01%, which ranks in the top 40% nationwide. This equates to an annual average Clayton house appreciation rate of 4.28%.

NeighborhoodScout's data show that during the latest twelve months, Clayton's appreciation rate, at 8.55%, has been at or slightly above the national average. In the latest quarter, Clayton's appreciation rate has been 2.08%, which annualizes to a rate of 8.59%.

Relative to North Carolina, our data show that Clayton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$232,751

Clayton, NC HOME PRICES

> $1,242,000
0.0%
0.0%
$931,001 - $1,242,000
0.2%
0.2%
$621,001 - $931,000
1.0%
1.0%
$497,001 - $621,000
2.5%
2.5%
$373,001 - $497,000
10.1%
10.1%
$249,001 - $373,000
28.8%
28.8%
$124,001 - $249,000
43.1%
43.1%
$62,001 - $124,000
10.6%
10.6%
$0 - $62,000
3.5%
3.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NC

Value Relative To Nation

Number Of Homes And Apartments:
7,488

Clayton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
65.01% 2.36%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,404 / per month

Homeownership Rate

Owners
61.6%
61.6%
Renters
38.4%
38.4%
Vacant
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
56.3%
56.3%
1970 - 1999
33.7%
33.7%
1940 - 1969
8.0%
8.0%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.6%
67.6%
Townhomes
6.1%
6.1%
Small Apt. Buildings
6.2%
6.2%
Apt. Complexes
15.7%
15.7%
Mobile Homes
4.2%
4.2%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
7.7%
7.7%
2 Bedrooms
21.4%
21.4%
3 Bedrooms
44.6%
44.6%
4 Bedrooms
20.3%
20.3%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES