Edenton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edenton, 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

Edenton Housing Market Information

With a population of 4,849, 1,943 total housing units (homes and apartments), and a median house value of $161,867, Edenton 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 Edenton, accounting for 68.22% of the town's housing units. Other types of housing that are prevalent in Edenton include duplexes, homes converted to apartments or other small apartment buildings ( 14.60%), large apartment complexes or high rise apartments ( 9.97%), and a few mobile homes or trailers ( 5.58%).

The most prevalent building size and type in Edenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 41.79% owning and 58.21% renting.

There is a lot of housing in Edenton 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 Edenton built before 1939 ( 31.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.28%). There's also some housing in Edenton built between 2000 and later ( 11.08%).

Vacant housing appears to be an issue in Edenton. Fully 23.11% of the housing stock is classified as vacant. Left unchecked, vacant Edenton homes and apartments can be a drag on the real estate market, holding Edenton 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.

Edenton Home Appreciation Rates

Edenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edenton during the period has been just -1.71%, which is lower than 80% of US communities.

Over the last year, Edenton appreciation rates have trailed the rest of the nation. In the last twelve months, Edenton's appreciation rate has been 0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edenton were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$161,867

Edenton, NC HOME PRICES

Value Range
> $1,022,000 0.0
$766,001 - $1,022,000 1.8
$511,001 - $766,000 1.2
$408,001 - $511,000 1.0
$306,001 - $408,000 13.6
$204,001 - $306,000 16.3
$102,001 - $204,000 34.1
$51,001 - $102,000 25.4
$0 - $51,000 6.7

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
44.8318293683347 37.7495462794918

Number Of Homes And Apartments:
1,943

Edenton 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
32.66% 1.65% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 41.79
Renters 58.21
Vacant 23.11

Housing Market Details

 

Age of Homes

AGE OF Edenton HOMES
2000 or Newer 11.1
1970 - 1999 31.5
1940 - 1969 26.3
1939 or Older 31.2

Types of Homes

TYPE OF Edenton HOMES
Single-Family 68.2
Townhomes 1.6
Small Apt. Buildings 14.6
Apt. Complexes 10.0
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Edenton HOMES
No Bedroom 6.96
1 Bedroom 8.82
2 Bedrooms 25.60
3 Bedrooms 42.58
4 Bedrooms 14.88
5 or more bedrooms 1.15

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Zip Codes in Edenton, NC