Fletcher NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Fletcher, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fletcher Housing Market Information

With 8,333 people, 3,312 houses or apartments, and a median cost of homes of $231,917, Fletcher real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fletcher, accounting for 61.26% of the town's housing units. Other types of housing that are prevalent in Fletcher include mobile homes or trailers ( 14.50%), row houses and other attached homes ( 8.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fletcher. Owner-occupied housing accounts for 80.34% of Fletcher's homes, and 71.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fletcher 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 Fletcher built between 2000 and later ( 42.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.58%).

Fletcher Home Appreciation Rates

Appreciation rates for homes in Fletcher have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.36%, which ranks in the top 50% nationwide. This equates to an annual average Fletcher house appreciation rate of 2.45%.

NeighborhoodScout's data show that during the latest twelve months, Fletcher's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Fletcher's appreciation rate has been 1.56%, which annualizes to a rate of 6.39%.

Relative to North Carolina, our data show that Fletcher's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$231,917

Fletcher, NC HOME PRICES

Value Range
> $1,192,000 0.1
$894,001 - $1,192,000 0.3
$596,001 - $894,000 0.8
$477,001 - $596,000 1.9
$358,001 - $477,000 8.6
$238,001 - $358,000 38.9
$120,001 - $238,000 31.7
$60,001 - $120,000 7.4
$0 - $60,000 10.2

High for NC
High for Nation

Value Relative to Nation Value Relative to State
32.3795620437956 24.8188405797101

Number Of Homes And Apartments:
3,312

Fletcher Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
67.69% 2.59%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,538 / per month

Homeownership Rate

Homeownership
Owners 80.34
Renters 19.66
Vacant 9.58

Housing Market Details

 

Age of Homes

AGE OF Fletcher HOMES
2000 or Newer 42.5
1970 - 1999 50.3
1940 - 1969 6.6
1939 or Older 0.6

Types of Homes

TYPE OF Fletcher HOMES
Single-Family 61.3
Townhomes 8.9
Small Apt. Buildings 8.1
Apt. Complexes 7.3
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Fletcher HOMES
No Bedroom 8.33
1 Bedroom 3.00
2 Bedrooms 16.35
3 Bedrooms 61.32
4 Bedrooms 10.18
5 or more bedrooms 0.82