Clinton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clinton Neighborhoods Since 2000




Clinton, 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

Clinton Housing Market Information

With 8,767 people, 3,357 houses or apartments, and a median cost of homes of $112,972, house prices in Clinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Clinton, accounting for 69.85% of the city's housing units. Other types of housing that are prevalent in Clinton include duplexes, homes converted to apartments or other small apartment buildings ( 16.93%), large apartment complexes or high rise apartments ( 11.59%), and a few row houses and other attached homes ( 1.39%).

The most prevalent building size and type in Clinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.81% owning and 53.19% renting.

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. Clinton's housing was primarily built during this period, from the '40s through the '60s. A full 45.61% of the city's housing hails from this era. Other housing ages represented in Clinton include homes built between 1970-1999 ( 41.85%) and housing constructed before 1939 ( 6.65%). There's also some housing in Clinton built between 2000 and later ( 5.89%).

Vacant housing appears to be an issue in Clinton. Fully 11.75% of the housing stock is classified as vacant. Left unchecked, vacant Clinton homes and apartments can be a drag on the real estate market, holding Clinton 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.

Clinton Home Appreciation Rates

Real estate appreciation rates in Clinton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

Over the last year, Clinton appreciation rates have trailed the rest of the nation. In the last twelve months, Clinton's appreciation rate has been -0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clinton were at -2.05%, which equates to an annual appreciation rate of -7.94%.

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

Relative to North Carolina, our data show that Clinton'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 city. Individual neighborhoods within Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clinton - 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 Clinton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,972

Clinton, NC HOME PRICES

Value Range
> $987,000 0.8
$740,001 - $987,000 0.3
$493,001 - $740,000 0.5
$395,001 - $493,000 0.8
$296,001 - $395,000 4.0
$198,001 - $296,000 18.3
$99,001 - $198,000 28.5
$49,001 - $99,000 32.6
$0 - $49,000 14.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
69.5534981835228 68.9655172413793

Number Of Homes And Apartments:
3,357

Clinton 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
31.25% 1.59% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$737 / per month

Homeownership Rate

Homeownership
Owners 46.81
Renters 53.19
Vacant 11.75

Housing Market Details

 

Age of Homes

AGE OF Clinton HOMES
2000 or Newer 5.9
1970 - 1999 41.9
1940 - 1969 45.6
1939 or Older 6.7

Types of Homes

TYPE OF Clinton HOMES
Single-Family 69.8
Townhomes 1.4
Small Apt. Buildings 16.9
Apt. Complexes 11.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Clinton HOMES
No Bedroom 2.42
1 Bedroom 11.93
2 Bedrooms 26.13
3 Bedrooms 44.32
4 Bedrooms 11.75
5 or more bedrooms 3.44

Popular Neighborhoods in Clinton

Zip Codes in Clinton, NC