Creedmoor, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Creedmoor Neighborhoods Since 2000




Creedmoor, 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

Creedmoor Housing Market Information

With 4,425 people, 1,520 houses or apartments, and a median cost of homes of $163,110, Creedmoor 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 Creedmoor, accounting for 83.83% of the city's housing units. Other types of housing that are prevalent in Creedmoor include duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), large apartment complexes or high rise apartments ( 4.52%), and a few mobile homes or trailers ( 3.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Creedmoor. Owner-occupied housing accounts for 67.77% of Creedmoor's homes, and 74.20% have either three or four bedrooms, which is average sized relative to America.

Creedmoor homes and real estate are some of the newest in America. 47.34% of Creedmoor's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Creedmoor real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.02%), and between 1940-1969 ( 14.89%). There's also some housing in Creedmoor built before 1939 ( 10.74%).

Vacant housing appears to be an issue in Creedmoor. Fully 19.15% of the housing stock is classified as vacant. Left unchecked, vacant Creedmoor homes and apartments can be a drag on the real estate market, holding Creedmoor 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.

Creedmoor Home Appreciation Rates

Real estate appreciation rates in Creedmoor's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.56% during the period.

Over the last year, Creedmoor appreciation rates have trailed the rest of the nation. In the last twelve months, Creedmoor's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Creedmoor were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Creedmoor's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$163,110

Creedmoor, NC HOME PRICES

Value Range
> $1,070,000 0.0
$803,001 - $1,070,000 0.0
$535,001 - $803,000 1.7
$428,001 - $535,000 0.6
$321,001 - $428,000 7.1
$214,001 - $321,000 16.9
$107,001 - $214,000 50.7
$53,001 - $107,000 14.7
$0 - $53,000 8.3

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
44.4099378881988 37.2050816696915

Number Of Homes And Apartments:
1,520

Creedmoor 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
5.71% 0.32% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,103 / per month

Homeownership Rate

Homeownership
Owners 67.77
Renters 32.23
Vacant 19.15

Housing Market Details

 

Age of Homes

AGE OF Creedmoor HOMES
2000 or Newer 47.3
1970 - 1999 27.0
1940 - 1969 14.9
1939 or Older 10.7

Types of Homes

TYPE OF Creedmoor HOMES
Single-Family 83.8
Townhomes 0.0
Small Apt. Buildings 8.1
Apt. Complexes 4.5
Mobile Homes 3.2
Other 0.4

Home Size

SIZE OF Creedmoor HOMES
No Bedroom 4.47
1 Bedroom 0.69
2 Bedrooms 18.24
3 Bedrooms 59.95
4 Bedrooms 14.26
5 or more bedrooms 2.39