Clemmons, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clemmons Neighborhoods Since 2000




Clemmons, 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

Clemmons Housing Market Information

With 19,844 people, 7,589 houses or apartments, and a median cost of homes of $226,771, Clemmons real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clemmons, accounting for 67.99% of the village's housing units. Other types of housing that are prevalent in Clemmons include large apartment complexes or high rise apartments ( 19.37%), row houses and other attached homes ( 6.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clemmons. Owner-occupied housing accounts for 72.45% of Clemmons's homes, and 64.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clemmons 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 Clemmons built between 2000 and later ( 26.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.97%). There's also some housing in Clemmons built before 1939 ( 1.24%).

Clemmons Home Appreciation Rates

Real estate appreciation rates in Clemmons's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

Over the last year, Clemmons appreciation rates have trailed the rest of the nation. In the last twelve months, Clemmons's appreciation rate has been -0.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clemmons were at -1.84%, which equates to an annual appreciation rate of -7.17%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Clemmons differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clemmons - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clemmons real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$226,771

Clemmons, NC HOME PRICES

Value Range
> $1,037,000 0.6
$778,001 - $1,037,000 0.2
$519,001 - $778,000 2.2
$415,001 - $519,000 3.8
$311,001 - $415,000 11.5
$207,001 - $311,000 27.1
$104,001 - $207,000 45.6
$52,001 - $104,000 4.1
$0 - $52,000 4.8

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
26.4033751318411 19.0562613430127

Number Of Homes And Apartments:
7,589

Clemmons 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
16.16% 0.87% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,055 / per month

Homeownership Rate

Homeownership
Owners 72.45
Renters 27.55
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Clemmons HOMES
2000 or Newer 26.6
1970 - 1999 58.2
1940 - 1969 14.0
1939 or Older 1.2

Types of Homes

TYPE OF Clemmons HOMES
Single-Family 68.0
Townhomes 6.5
Small Apt. Buildings 3.8
Apt. Complexes 19.4
Mobile Homes 2.2
Other 0.2

Home Size

SIZE OF Clemmons HOMES
No Bedroom 2.72
1 Bedroom 3.57
2 Bedrooms 23.07
3 Bedrooms 38.57
4 Bedrooms 26.20
5 or more bedrooms 5.86