Cramerton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cramerton Neighborhoods Since 2000




Cramerton, NC Real Estate Data


Cramerton Housing Market Information

With 4,328 people, 1,688 houses or apartments, and a median cost of homes of $209,438, Cramerton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cramerton, accounting for 81.84% of the town's housing units. Other types of housing that are prevalent in Cramerton include row houses and other attached homes ( 8.67%), large apartment complexes or high rise apartments ( 5.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cramerton. Owner-occupied housing accounts for 71.83% of Cramerton's homes, and 62.82% have either three or four bedrooms, which is average sized relative to America.

Cramerton homes and real estate are some of the newest in America. 32.17% of Cramerton'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 Cramerton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.36%), and before 1939 ( 23.17%). There's also some housing in Cramerton built between 1940-1969 ( 15.30%).

Cramerton Home Appreciation Rates

In the last 10 years, Cramerton has experienced some of the highest home appreciation rates of any community in the nation. Cramerton real estate appreciated 21.86% over the last ten years, which is an average annual home appreciation rate of 2.00%, putting Cramerton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cramerton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Cramerton that despite a nationwide downturn in the housing market, Cramerton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cramerton appreciation rates continue to be some of the highest in America, at 7.79%, which is higher than appreciation rates in 90.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cramerton. Cramerton appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.43%.

Relative to North Carolina, our data show that Cramerton's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$209,438

Cramerton, NC HOME PRICES

Value Range
> $1,233,000 0.0
$925,001 - $1,233,000 1.5
$616,001 - $925,000 2.9
$493,001 - $616,000 3.5
$370,001 - $493,000 8.2
$246,001 - $370,000 17.8
$123,001 - $246,000 33.4
$61,001 - $123,000 29.1
$0 - $61,000 3.8

High for NC
High for Nation

Value Relative to Nation Value Relative to State
30.8426538619195 22.8675136116152

Number Of Homes And Apartments:
1,688

Rent & Ownership

 

Average Market Rent:
$970 / per month

Homeownership Rate

Homeownership
Owners 71.83
Renters 28.17
Vacant 9.05

Housing Market Details

 

Age of Homes

AGE OF Cramerton HOMES
2000 or Newer 32.2
1970 - 1999 29.4
1940 - 1969 15.3
1939 or Older 23.2

Types of Homes

TYPE OF Cramerton HOMES
Single-Family 81.8
Townhomes 8.7
Small Apt. Buildings 3.7
Apt. Complexes 5.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cramerton HOMES
No Bedroom 1.99
1 Bedroom 2.53
2 Bedrooms 28.18
3 Bedrooms 42.08
4 Bedrooms 20.74
5 or more bedrooms 4.47

Cramerton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.29% 2.47% 9 6
* 10 is highest