Four Oaks, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Four Oaks, NC Real Estate Data


Four Oaks Housing Market Information

With 2,050 people, 776 houses or apartments, and a median cost of homes of $139,030, house prices in Four Oaks are solidly below the national average.

Single-family detached homes are the single most common housing type in Four Oaks, accounting for 81.11% of the town's housing units. Other types of housing that are prevalent in Four Oaks include large apartment complexes or high rise apartments ( 7.18%), duplexes, homes converted to apartments or other small apartment buildings ( 4.63%), and a few mobile homes or trailers ( 4.52%).

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 52.06% owning and 47.94% 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 ( 36.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.34%). There's also some housing in Four Oaks built before 1939 ( 8.00%).

Vacant housing appears to be an issue in Four Oaks. Fully 10.08% 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 4.44%, which ranks in the top 50% nationwide. This equates to an annual average Four Oaks house appreciation rate of 0.44%.

Appreciation rates are so strong in Four Oaks that despite a nationwide downturn in the housing market, Four Oaks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Four Oaks appreciation rates continue to be some of the highest in America, at 6.90%, which is higher than appreciation rates in 83.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Four Oaks. Four Oaks appreciation rates in the latest quarter were at 2.17%, which equates to an annual appreciation rate of 8.95%.

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

Average Home Values

 

Median Home Value:
$139,030

Four Oaks, NC HOME PRICES

Value Range
> $1,106,000 0.0
$830,001 - $1,106,000 0.0
$553,001 - $830,000 0.5
$442,001 - $553,000 3.1
$332,001 - $442,000 5.1
$222,001 - $332,000 13.1
$110,001 - $222,000 40.0
$55,001 - $110,000 22.4
$0 - $55,000 15.9

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
56.1925396732447 50.8166969147005

Number Of Homes And Apartments:
776

Rent & Ownership

 

Average Market Rent:
$737 / per month

Homeownership Rate

Homeownership
Owners 52.06
Renters 47.94
Vacant 10.08

Housing Market Details

 

Age of Homes

AGE OF Four Oaks HOMES
2000 or Newer 16.3
1970 - 1999 38.8
1940 - 1969 36.8
1939 or Older 8.0

Types of Homes

TYPE OF Four Oaks HOMES
Single-Family 81.1
Townhomes 2.5
Small Apt. Buildings 4.6
Apt. Complexes 7.2
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Four Oaks HOMES
No Bedroom 0.00
1 Bedroom 4.63
2 Bedrooms 37.43
3 Bedrooms 50.06
4 Bedrooms 7.88
5 or more bedrooms 0.00

Four Oaks Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.39% 0.74% 2 1
* 10 is highest

Popular Neighborhoods in Four Oaks

Zip Codes in Four Oaks, NC