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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 6,343, 1,127 total housing units (homes and apartments), and a median house value of $190,750, Cullowhee real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Cullowhee, accounting for 40.78% of the town's housing units. Other types of housing that are prevalent in Cullowhee include single-family detached homes ( 32.14%), mobile homes or trailers ( 19.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.47%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Cullowhee is dominated by renter-occupied one, two, or no bedrooms apartments. 92.68% of Cullowhee's dwellings are rentals.
There is a lot of housing in Cullowhee 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 Cullowhee built between 2000 and later ( 34.44%). A lesser amount of the housing stock also hails from before 1939 ( 6.34%). There's also some housing in Cullowhee built between 1940-1969 ( 5.57%).
Vacant housing appears to be an issue in Cullowhee. Fully 27.85% of the housing stock is classified as vacant. Left unchecked, vacant Cullowhee homes and apartments can be a drag on the real estate market, holding Cullowhee 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.
Cullowhee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cullowhee during the period has been just -1.56%, which is lower than 80% of US communities.
Over the last year, Cullowhee appreciation rates have trailed the rest of the nation. In the last twelve months, Cullowhee's appreciation rate has been -3.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cullowhee were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Cullowhee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Cullowhee's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
|$718,001 - $958,000||3.5|
|$479,001 - $718,000||0.2|
|$383,001 - $479,000||2.3|
|$287,001 - $383,000||14.4|
|$192,001 - $287,000||35.5|
|$96,001 - $192,000||20.1|
|$48,001 - $96,000||13.4|
|$0 - $48,000||10.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cullowhee HOMES|
|2000 or Newer||34.4|
|1970 - 1999||53.6|
|1940 - 1969||5.6|
|1939 or Older||6.3|
|TYPE OF Cullowhee HOMES|
|Small Apt. Buildings||6.5|
|SIZE OF Cullowhee HOMES|
|5 or more bedrooms||0.00|