Conover, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Conover Neighborhoods Since 2000




Conover, 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

Conover Housing Market Information

With a population of 8,248, 3,325 total housing units (homes and apartments), and a median house value of $133,000, house prices in Conover are solidly below the national average.

Single-family detached homes are the single most common housing type in Conover, accounting for 65.33% of the city's housing units. Other types of housing that are prevalent in Conover include large apartment complexes or high rise apartments ( 12.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.43%), and a few row houses and other attached homes ( 7.13%).

The most prevalent building size and type in Conover are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.33% owning and 36.67% renting.

There is a lot of housing in Conover 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 Conover built between 1940-1969 ( 25.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.84%). There's also some housing in Conover built before 1939 ( 4.66%).

Conover Home Appreciation Rates

Real estate appreciation rates in Conover's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

Over the last year, Conover appreciation rates have trailed the rest of the nation. In the last twelve months, Conover's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Conover were at -1.33%, which equates to an annual appreciation rate of -5.22%.

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

Relative to North Carolina, our data show that Conover's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$133,000

Conover, NC HOME PRICES

Value Range
> $1,051,000 0.1
$788,001 - $1,051,000 0.0
$525,001 - $788,000 2.1
$420,001 - $525,000 3.6
$315,001 - $420,000 6.9
$210,001 - $315,000 10.6
$105,001 - $210,000 45.4
$52,001 - $105,000 25.3
$0 - $52,000 6.1

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
58.2854799015587 52.994555353902

Number Of Homes And Apartments:
3,325

Conover 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
13.66% 0.75% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 63.33
Renters 36.67
Vacant 8.80

Housing Market Details

 

Age of Homes

AGE OF Conover HOMES
2000 or Newer 18.8
1970 - 1999 50.6
1940 - 1969 25.9
1939 or Older 4.7

Types of Homes

TYPE OF Conover HOMES
Single-Family 65.3
Townhomes 7.1
Small Apt. Buildings 9.4
Apt. Complexes 12.0
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Conover HOMES
No Bedroom 0.00
1 Bedroom 5.73
2 Bedrooms 29.92
3 Bedrooms 49.20
4 Bedrooms 12.95
5 or more bedrooms 2.19