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 23,907 people, 7,396 houses or apartments, and a median cost of homes of $238,138, 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 85.29% of the town's housing units. Other types of housing that are prevalent in Fuquay-Varina include large apartment complexes or high rise apartments ( 7.41%), duplexes, homes converted to apartments or other small apartment buildings ( 3.61%), and a few row houses and other attached homes ( 2.95%).
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 73.21% of Fuquay-Varina's homes, and 76.44% 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. 56.98% 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 ( 32.45%), and between 1940-1969 ( 7.74%). There's also some housing in Fuquay-Varina built before 1939 ( 2.84%).
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 13.61%, which ranks in the top 30% nationwide. This equates to an annual average Fuquay-Varina house appreciation rate of 1.28%.
Appreciation rates are so strong in Fuquay-Varina that despite a nationwide downturn in the housing market, Fuquay-Varina real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fuquay-Varina appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 82.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fuquay-Varina. Fuquay-Varina appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.
Importantly, this makes Fuquay-Varina 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 Fuquay-Varina's latest annual appreciation rate is higher 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.
|$886,001 - $1,182,000||0.5|
|$591,001 - $886,000||0.7|
|$473,001 - $591,000||2.3|
|$355,001 - $473,000||7.2|
|$236,001 - $355,000||35.8|
|$118,001 - $236,000||45.7|
|$59,001 - $118,000||2.8|
|$0 - $59,000||4.3|
|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 Fuquay-Varina HOMES|
|2000 or Newer||57.0|
|1970 - 1999||32.4|
|1940 - 1969||7.7|
|1939 or Older||2.8|
|TYPE OF Fuquay-Varina HOMES|
|Small Apt. Buildings||3.6|
|SIZE OF Fuquay-Varina HOMES|
|5 or more bedrooms||5.10|