Four Oaks, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Four Oaks Neighborhoods Since 2000




Four Oaks, 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

Four Oaks Housing Market Information

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.

Four Oaks Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$157,674

Four Oaks, NC HOME PRICES

Value Range
> $1,077,000 0.0
$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

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
46.689323801711 39.2014519056261

Number Of Homes And Apartments:
678

Four Oaks 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
7.48% 0.42% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$916 / per month

Homeownership Rate

Homeownership
Owners 56.93
Renters 43.07
Vacant 16.30

Housing Market Details

 

Age of Homes

AGE OF Four Oaks HOMES
2000 or Newer 20.9
1970 - 1999 36.7
1940 - 1969 36.0
1939 or Older 6.4

Types of Homes

TYPE OF Four Oaks HOMES
Single-Family 78.4
Townhomes 4.1
Small Apt. Buildings 4.1
Apt. Complexes 7.7
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Four Oaks HOMES
No Bedroom 0.62
1 Bedroom 5.31
2 Bedrooms 34.69
3 Bedrooms 52.35
4 Bedrooms 7.04
5 or more bedrooms 0.00

Popular Neighborhoods in Four Oaks

Zip Codes in Four Oaks, NC