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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 2,050, 678 total housing units (homes and apartments), and a median house value of $157,674, 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 78.40% of the town's housing units. Other types of housing that are prevalent in Four Oaks include large apartment complexes or high rise apartments ( 7.65%), mobile homes or trailers ( 5.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.07%).
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 56.93% owning and 43.07% 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 ( 36.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.86%). There's also some housing in Four Oaks built before 1939 ( 6.42%).
Vacant housing appears to be an issue in Four Oaks. Fully 16.30% 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.
Real estate appreciation rates in Four Oaks's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.
NeighborhoodScout's data show that during the latest twelve months, Four Oaks's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Four Oaks's appreciation rate has been 2.42%, which annualizes to a rate of 10.04%.
Importantly, this makes Four Oaks one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Four Oaks's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
|$807,001 - $1,077,000||0.0|
|$538,001 - $807,000||3.1|
|$431,001 - $538,000||1.9|
|$323,001 - $431,000||4.7|
|$215,001 - $323,000||13.0|
|$107,001 - $215,000||36.5|
|$54,001 - $107,000||23.8|
|$0 - $54,000||17.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Four Oaks HOMES|
|2000 or Newer||20.9|
|1970 - 1999||36.7|
|1940 - 1969||36.0|
|1939 or Older||6.4|
|TYPE OF Four Oaks HOMES|
|Small Apt. Buildings||4.1|
|SIZE OF Four Oaks HOMES|
|5 or more bedrooms||0.00|