Gamewell, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gamewell, 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

Gamewell Housing Market Information

With a population of 3,957, 1,647 total housing units (homes and apartments), and a median house value of $103,253, house prices in Gamewell are solidly below the national average.

Single-family detached homes are the single most common housing type in Gamewell, accounting for 57.17% of the town's housing units. Other types of housing that are prevalent in Gamewell include mobile homes or trailers ( 34.72%), duplexes, homes converted to apartments or other small apartment buildings ( 8.11%).

The most prevalent building size and type in Gamewell are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.23% owning and 37.77% renting.

There is a lot of housing in Gamewell 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 Gamewell built between 1940-1969 ( 25.95%). A lesser amount of the housing stock also hails from before 1939 ( 8.51%).

Vacant housing appears to be an issue in Gamewell. Fully 16.52% of the housing stock is classified as vacant. Left unchecked, vacant Gamewell homes and apartments can be a drag on the real estate market, holding Gamewell 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.

Gamewell Home Appreciation Rates

Real estate appreciation rates in Gamewell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Gamewell's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Gamewell's appreciation rate has been -1.33%, which annualizes to a rate of -5.22%.

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

Relative to North Carolina, our data show that Gamewell's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$103,253

Gamewell, NC HOME PRICES

Value Range
> $1,062,000 0.0
$796,001 - $1,062,000 0.4
$531,001 - $796,000 1.0
$425,001 - $531,000 0.0
$318,001 - $425,000 2.1
$212,001 - $318,000 8.3
$106,001 - $212,000 33.2
$53,001 - $106,000 37.5
$0 - $53,000 17.4

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
75.5009961326614 77.8584392014519

Number Of Homes And Apartments:
1,647

Gamewell 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
9.93% 0.55% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 62.23
Renters 37.77
Vacant 16.52

Housing Market Details

 

Age of Homes

AGE OF Gamewell HOMES
2000 or Newer 0.8
1970 - 1999 64.8
1940 - 1969 26.0
1939 or Older 8.5

Types of Homes

TYPE OF Gamewell HOMES
Single-Family 57.2
Townhomes 0.0
Small Apt. Buildings 8.1
Apt. Complexes 0.0
Mobile Homes 34.7
Other 0.0

Home Size

SIZE OF Gamewell HOMES
No Bedroom 0.76
1 Bedroom 0.00
2 Bedrooms 38.72
3 Bedrooms 48.50
4 Bedrooms 8.41
5 or more bedrooms 3.60

Popular Neighborhoods in Gamewell

Zip Codes in Gamewell, NC