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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.



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 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

Fuquay-Varina, NC Housing Market Trends

With 40,810 people, 12,449 houses or apartments, and a median cost of homes of $445,013, Fuquay-Varina real estate is some of the most expensive in North Carolina, although Fuquay-Varina home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fuquay-Varina, accounting for 80.41% of the town's housing units. Other types of housing that are prevalent in Fuquay-Varina include large apartment complexes or high rise apartments ( 15.08%), row houses and other attached homes ( 2.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.45%).

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 71.50% of Fuquay-Varina's homes, and 68.22% 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. 70.23% 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 ( 23.07%), and between 1940-1969 ( 5.89%).

Fuquay-Varina Home Appreciation Rates

In the last 10 years, Fuquay-Varina has experienced some of the highest home appreciation rates of any community in the nation. Fuquay-Varina real estate appreciated 111.90% over the last ten years, which is an average annual home appreciation rate of 7.80%, putting Fuquay-Varina in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fuquay-Varina definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 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 Fuquay-Varina were at -1.51%, which equates to an annual appreciation rate of -5.91%.

Notably, Fuquay-Varina's appreciation rate in the latest quarter is one of the lowest in America.

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

$445,013

Fuquay-Varina, NC Home Prices
> $1,362,000
$1,021,001 - $1,362,000
$681,001 - $1,021,000
$544,001 - $681,000
$409,001 - $544,000
$272,001 - $409,000
$136,001 - $272,000
$68,001 - $136,000
$0 - $68,000
2.0%
2.0%
2.3%
2.3%
12.5%
12.5%
18.4%
18.4%
26.1%
26.1%
27.8%
27.8%
7.4%
7.4%
0.7%
0.7%
2.7%
2.7%
0% 100.0%
% of Homes
Very High

for North carolina

High

for nation

Number of Homes And Apartments:

12,449

Fuquay-Varina Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,399 / per month

Homeownership Rate

Owners
Renters
71.5%
71.5%
28.5%
28.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
70.2%
70.2%
23.1%
23.1%
5.9%
5.9%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.4%
80.4%
2.9%
2.9%
1.5%
1.5%
15.1%
15.1%
0.1%
0.1%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
7.3%
7.3%
13.5%
13.5%
40.4%
40.4%
27.9%
27.9%
10.3%
10.3%
0% 100.0%
% of Homes