Fuquay-Varina, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Fuquay-Varina, NC Housing Market Trends

With 30,324 people, 9,494 houses or apartments, and a median cost of homes of $290,155, Fuquay-Varina real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fuquay-Varina, accounting for 81.89% of the town's housing units. Other types of housing that are prevalent in Fuquay-Varina include large apartment complexes or high rise apartments ( 12.09%), duplexes, homes converted to apartments or other small apartment buildings ( 3.18%), and a few row houses and other attached homes ( 2.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fuquay-Varina. Owner-occupied housing accounts for 71.79% of Fuquay-Varina's homes, and 72.87% have either three or four bedrooms, which is average sized relative to America.

Fuquay-Varina homes and real estate are some of the newest in America. 63.74% of Fuquay-Varina's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fuquay-Varina real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.63%), and between 1940-1969 ( 8.51%). There's also some housing in Fuquay-Varina built before 1939 ( 1.12%).

Fuquay-Varina Home Appreciation Rates

Appreciation rates for homes in Fuquay-Varina have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 58.22%, which ranks in the top 30% nationwide. This equates to an annual average Fuquay-Varina house appreciation rate of 4.70%.

Over the last year, Fuquay-Varina appreciation rates have trailed the rest of the nation. In the last twelve months, Fuquay-Varina's appreciation rate has been 7.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fuquay-Varina were at 2.06%, which equates to an annual appreciation rate of 8.52%.

Relative to North Carolina, our data show that Fuquay-Varina'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 Fuquay-Varina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fuquay-Varina - 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 Fuquay-Varina real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$290,155

Fuquay-Varina, NC HOME PRICES

> $1,263,000
0.9%
0.9%
$947,001 - $1,263,000
0.6%
0.6%
$631,001 - $947,000
1.9%
1.9%
$505,001 - $631,000
4.9%
4.9%
$379,001 - $505,000
19.5%
19.5%
$253,001 - $379,000
40.6%
40.6%
$126,001 - $253,000
27.6%
27.6%
$63,001 - $126,000
1.8%
1.8%
$0 - $63,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
9,494

Fuquay-Varina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
76.47% 2.68%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,547 / per month

Homeownership Rate

Owners
71.8%
71.8%
Renters
28.2%
28.2%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
63.7%
63.7%
1970 - 1999
26.6%
26.6%
1940 - 1969
8.5%
8.5%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.9%
81.9%
Townhomes
2.3%
2.3%
Small Apt. Buildings
3.2%
3.2%
Apt. Complexes
12.1%
12.1%
Mobile Homes
0.4%
0.4%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
5.5%
5.5%
2 Bedrooms
14.8%
14.8%
3 Bedrooms
43.1%
43.1%
4 Bedrooms
29.7%
29.7%
5 or more bedrooms
6.3%
6.3%
0.0% 100.0%
% OF HOMES