Dunn, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dunn Neighborhoods Since 2000




Dunn, NC Real Estate Data


Dunn Housing Market Information

With 9,723 people, 3,843 houses or apartments, and a median cost of homes of $117,967, 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 70.59% 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 ( 16.06%), large apartment complexes or high rise apartments ( 7.85%), and a few row houses and other attached homes ( 4.94%).

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 52.85% owning and 47.15% 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 ( 35.94%). A lesser amount of the housing stock also hails from before 1939 ( 8.52%). There's also some housing in Dunn built between 2000 and later ( 8.37%).

Vacant housing appears to be an issue in Dunn. Fully 14.05% 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 0.04% during the period.

Over the last year, Dunn appreciation rates have trailed the rest of the nation. In the last twelve months, Dunn's appreciation rate has been 3.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dunn were at 0.99%, which equates to an annual appreciation rate of 4.04%.

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

Relative to North Carolina, our data show that Dunn's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$117,967

Dunn, NC HOME PRICES

Value Range
> $1,036,000 0.3
$777,001 - $1,036,000 0.0
$518,001 - $777,000 0.9
$414,001 - $518,000 1.6
$310,001 - $414,000 3.0
$207,001 - $310,000 9.1
$104,001 - $207,000 39.9
$52,001 - $104,000 32.7
$0 - $52,000 12.5

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
67.5528488610412 66.9691470054446

Number Of Homes And Apartments:
3,843

Rent & Ownership

 

Average Market Rent:
$695 / per month

Homeownership Rate

Homeownership
Owners 52.85
Renters 47.15
Vacant 14.05

Housing Market Details

 

Age of Homes

AGE OF Dunn HOMES
2000 or Newer 8.4
1970 - 1999 47.2
1940 - 1969 35.9
1939 or Older 8.5

Types of Homes

TYPE OF Dunn HOMES
Single-Family 70.6
Townhomes 4.9
Small Apt. Buildings 16.1
Apt. Complexes 7.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Dunn HOMES
No Bedroom 1.79
1 Bedroom 10.91
2 Bedrooms 26.95
3 Bedrooms 48.69
4 Bedrooms 8.70
5 or more bedrooms 2.95

Dunn 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
18.88% 1.02% 3 2
* 10 is highest