Fletcher, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fletcher Neighborhoods Since 2000




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 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

Fletcher Housing Market Information

With a population of 7,582, 3,136 total housing units (homes and apartments), and a median house value of $197,720, 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 65.86% of the town's housing units. Other types of housing that are prevalent in Fletcher include mobile homes or trailers ( 12.09%), row houses and other attached homes ( 9.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.45%).

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 80.61% of Fletcher's homes, and 69.32% 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 ( 42.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.14%).

Vacant housing appears to be an issue in Fletcher. Fully 10.17% of the housing stock is classified as vacant. Left unchecked, vacant Fletcher homes and apartments can be a drag on the real estate market, holding Fletcher 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.

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 1.87%, which ranks in the top 50% nationwide. This equates to an annual average Fletcher house appreciation rate of 0.19%.

Appreciation rates are so strong in Fletcher that despite a nationwide downturn in the housing market, Fletcher real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fletcher appreciation rates continue to be some of the highest in America, at 6.14%, which is higher than appreciation rates in 75.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fletcher. Fletcher appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.15%.

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

Average Home Values

 

Median Home Value:
$197,720

Fletcher, NC HOME PRICES

Value Range
> $1,162,000 0.3
$872,001 - $1,162,000 0.2
$581,001 - $872,000 0.8
$465,001 - $581,000 3.2
$349,001 - $465,000 2.4
$232,001 - $349,000 33.5
$116,001 - $232,000 42.6
$58,001 - $116,000 6.8
$0 - $58,000 10.3

High for NC
High for Nation

Value Relative to Nation Value Relative to State
32.8401500058596 23.5934664246824

Number Of Homes And Apartments:
3,136

Fletcher 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
41.94% 2.05% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Homeownership
Owners 80.61
Renters 19.39
Vacant 10.17

Housing Market Details

 

Age of Homes

AGE OF Fletcher HOMES
2000 or Newer 42.6
1970 - 1999 47.7
1940 - 1969 9.1
1939 or Older 0.6

Types of Homes

TYPE OF Fletcher HOMES
Single-Family 65.9
Townhomes 10.0
Small Apt. Buildings 7.4
Apt. Complexes 4.6
Mobile Homes 12.1
Other 0.0

Home Size

SIZE OF Fletcher HOMES
No Bedroom 7.30
1 Bedroom 2.81
2 Bedrooms 19.59
3 Bedrooms 56.77
4 Bedrooms 12.55
5 or more bedrooms 0.97