Gastonia, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gastonia Neighborhoods Since 2000




Gastonia, 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

Gastonia Housing Market Information

With 74,543 people, 26,771 houses or apartments, and a median cost of homes of $131,267, house prices in Gastonia are solidly below the national average.

Single-family detached homes are the single most common housing type in Gastonia, accounting for 68.77% of the city's housing units. Other types of housing that are prevalent in Gastonia include large apartment complexes or high rise apartments ( 20.98%), duplexes, homes converted to apartments or other small apartment buildings ( 6.13%), and a few mobile homes or trailers ( 2.38%).

The most prevalent building size and type in Gastonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.53% owning and 47.47% renting.

There is a lot of housing in Gastonia 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 Gastonia built between 1940-1969 ( 34.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.21%). There's also some housing in Gastonia built before 1939 ( 9.34%).

Vacant housing appears to be an issue in Gastonia. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Gastonia homes and apartments can be a drag on the real estate market, holding Gastonia 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.

Gastonia Home Appreciation Rates

Appreciation rates for homes in Gastonia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.13%, which ranks in the top 50% nationwide. This equates to an annual average Gastonia house appreciation rate of 0.21%.

Appreciation rates are so strong in Gastonia that despite a nationwide downturn in the housing market, Gastonia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gastonia appreciation rates continue to be some of the highest in America, at 7.02%, which is higher than appreciation rates in 81.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gastonia. Gastonia appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Gastonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Carolina, our data show that Gastonia's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Gastonia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gastonia - 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 Gastonia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,267

Gastonia, NC HOME PRICES

Value Range
> $1,162,000 0.2
$871,001 - $1,162,000 0.0
$581,001 - $871,000 1.1
$465,001 - $581,000 0.8
$349,001 - $465,000 3.6
$232,001 - $349,000 10.9
$116,001 - $232,000 42.9
$58,001 - $116,000 32.0
$0 - $58,000 8.5

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
59.1761396929568 54.6279491833031

Number Of Homes And Apartments:
26,771

Gastonia 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
17.77% 0.95% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$990 / per month

Homeownership Rate

Homeownership
Owners 52.53
Renters 47.47
Vacant 13.09

Housing Market Details

 

Age of Homes

AGE OF Gastonia HOMES
2000 or Newer 14.2
1970 - 1999 41.9
1940 - 1969 34.5
1939 or Older 9.3

Types of Homes

TYPE OF Gastonia HOMES
Single-Family 68.8
Townhomes 1.7
Small Apt. Buildings 6.1
Apt. Complexes 21.0
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Gastonia HOMES
No Bedroom 7.66
1 Bedroom 8.56
2 Bedrooms 28.24
3 Bedrooms 40.59
4 Bedrooms 12.37
5 or more bedrooms 2.57