Cramerton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cramerton Neighborhoods Since 2000




Cramerton, 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

Cramerton Housing Market Information

With 4,328 people, 1,659 houses or apartments, and a median cost of homes of $158,751, Cramerton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cramerton, accounting for 82.74% of the town's housing units. Other types of housing that are prevalent in Cramerton include row houses and other attached homes ( 8.95%), large apartment complexes or high rise apartments ( 5.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%).

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 71.42% of Cramerton's homes, and 61.20% 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. 31.79% 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 ( 28.89%), and before 1939 ( 23.93%). There's also some housing in Cramerton built between 1940-1969 ( 15.38%).

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 17.38% over the last ten years, which is an average annual home appreciation rate of 1.62%, 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 7.12%, which is higher than appreciation rates in 81.97% 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 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Cramerton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$158,751

Cramerton, NC HOME PRICES

Value Range
> $1,199,000 0.0
$899,001 - $1,199,000 1.7
$600,001 - $899,000 2.1
$480,001 - $600,000 3.0
$359,001 - $480,000 6.9
$240,001 - $359,000 16.9
$120,001 - $240,000 37.0
$60,001 - $120,000 27.9
$0 - $60,000 4.7

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
46.2088362826673 38.8384754990926

Number Of Homes And Apartments:
1,659

Cramerton 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
49.37% 2.35% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,065 / per month

Homeownership Rate

Homeownership
Owners 71.42
Renters 28.58
Vacant 5.47

Housing Market Details

 

Age of Homes

AGE OF Cramerton HOMES
2000 or Newer 31.8
1970 - 1999 28.9
1940 - 1969 15.4
1939 or Older 23.9

Types of Homes

TYPE OF Cramerton HOMES
Single-Family 82.7
Townhomes 8.9
Small Apt. Buildings 2.1
Apt. Complexes 5.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Cramerton HOMES
No Bedroom 1.71
1 Bedroom 3.08
2 Bedrooms 29.52
3 Bedrooms 38.40
4 Bedrooms 22.79
5 or more bedrooms 4.50