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Dunn, NC Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dunn, NC Housing Market Trends

With 8,446 people, 4,133 houses or apartments, and a median cost of homes of $176,729, house prices in Dunn are solidly below the national average.

Single-family detached homes are the single most common housing type in Dunn, accounting for 67.28% of the city's housing units. Other types of housing that are prevalent in Dunn include duplexes, homes converted to apartments or other small apartment buildings ( 17.15%), large apartment complexes or high rise apartments ( 9.60%), and a few row houses and other attached homes ( 5.24%).

The most prevalent building size and type in Dunn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.36% owning and 47.64% renting.

There is a lot of housing in Dunn 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 Dunn built between 1940-1969 ( 31.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.58%). There's also some housing in Dunn built before 1939 ( 9.21%).

Vacant housing appears to be an issue in Dunn. Fully 10.85% of the housing stock is classified as vacant. Left unchecked, vacant Dunn homes and apartments can be a drag on the real estate market, holding Dunn 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.

Dunn Home Appreciation Rates

Real estate appreciation rates in Dunn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.45% during the period.

Appreciation rates are so strong in Dunn that despite a nationwide downturn in the housing market, Dunn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dunn appreciation rates continue to be some of the highest in America, at 18.13%, which is higher than appreciation rates in 76.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dunn. Dunn appreciation rates in the latest quarter were at 4.54%, which equates to an annual appreciation rate of 19.43%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dunn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dunn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dunn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,729

Dunn, NC HOME PRICES

> $1,382,000
$1,037,001 - $1,382,000
$691,001 - $1,037,000
$552,001 - $691,000
$415,001 - $552,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.7%
0.7%
0.0%
0.0%
1.5%
1.5%
2.6%
2.6%
3.4%
3.4%
12.0%
12.0%
47.4%
47.4%
26.9%
26.9%
5.6%
5.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for NC

Value Relative To Nation

Number Of Homes And Apartments:
4,133

Dunn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
80.31% 2.65%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,083 / per month

Homeownership Rate

Owners
Renters
Vacant
52.4%
52.4%
47.6%
47.6%
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.6%
9.6%
50.2%
50.2%
31.0%
31.0%
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
5.2%
5.2%
17.1%
17.1%
9.6%
9.6%
0.7%
0.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
12.2%
12.2%
31.1%
31.1%
46.2%
46.2%
8.7%
8.7%
1.6%
1.6%
0.0% 100.0%
% OF HOMES