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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Four Oaks, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Four Oaks, NC Housing Market Trends

With a population of 2,457, 958 total housing units (homes and apartments), and a median house value of $283,096, Four Oaks 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 Four Oaks, accounting for 76.23% of the town's housing units. Other types of housing that are prevalent in Four Oaks include mobile homes or trailers ( 11.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 4.58%).

The most prevalent building size and type in Four Oaks are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.27% owning and 50.73% renting.

There is a lot of housing in Four Oaks 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 Four Oaks built between 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.07%).

Vacant housing appears to be an issue in Four Oaks. Fully 15.67% of the housing stock is classified as vacant. Left unchecked, vacant Four Oaks homes and apartments can be a drag on the real estate market, holding Four Oaks 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.

Four Oaks Home Appreciation Rates

Appreciation rates for homes in Four Oaks have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.06%, which ranks in the top 40% nationwide. This equates to an annual average Four Oaks house appreciation rate of 6.63%.

Over the last year, Four Oaks appreciation rates have trailed the rest of the nation. In the last twelve months, Four Oaks's appreciation rate has been 1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Four Oaks were at -1.51%, which equates to an annual appreciation rate of -5.91%.

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

Relative to North Carolina, our data show that Four Oaks's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Four Oaks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Four Oaks - 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 Four Oaks real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$283,096

Four Oaks, NC Home Prices
> $1,321,000
$991,001 - $1,321,000
$661,001 - $991,000
$528,001 - $661,000
$397,001 - $528,000
$264,001 - $397,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
0.3%
0.3%
1.3%
1.3%
5.4%
5.4%
10.9%
10.9%
38.2%
38.2%
25.6%
25.6%
17.0%
17.0%
1.3%
1.3%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

958

Four Oaks Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,853 / per month

Homeownership Rate

Owners
Renters
49.3%
49.3%
50.7%
50.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.7%
15.7%
84.3%
84.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.1%
20.1%
55.9%
55.9%
23.2%
23.2%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.2%
76.2%
4.6%
4.6%
7.0%
7.0%
0.4%
0.4%
11.7%
11.7%
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
0.0%
0.0%
8.8%
8.8%
31.6%
31.6%
41.7%
41.7%
15.8%
15.8%
2.0%
2.0%
0% 100.0%
% of Homes