Fuquay-Varina, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fuquay-Varina Neighborhoods Since 2000




Fuquay-Varina, 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

Fuquay-Varina Housing Market Information

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%).

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 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.

Average Home Values

 

Median Home Value:
$238,138

Fuquay-Varina, NC HOME PRICES

Value Range
> $1,182,000 0.7
$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

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
24.4404078284308 17.059891107078

Number Of Homes And Apartments:
7,396

Fuquay-Varina 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
34.90% 1.75% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,213 / per month

Homeownership Rate

Homeownership
Owners 73.21
Renters 26.79
Vacant 5.41

Housing Market Details

 

Age of Homes

AGE OF Fuquay-Varina HOMES
2000 or Newer 57.0
1970 - 1999 32.4
1940 - 1969 7.7
1939 or Older 2.8

Types of Homes

TYPE OF Fuquay-Varina HOMES
Single-Family 85.3
Townhomes 3.0
Small Apt. Buildings 3.6
Apt. Complexes 7.4
Mobile Homes 0.3
Other 0.4

Home Size

SIZE OF Fuquay-Varina HOMES
No Bedroom 1.92
1 Bedroom 2.34
2 Bedrooms 14.20
3 Bedrooms 50.91
4 Bedrooms 25.53
5 or more bedrooms 5.10