Gibsonville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gibsonville, NC Real Estate Data


Gibsonville Housing Market Information

With 6,773 people, 2,525 houses or apartments, and a median cost of homes of $187,649, Gibsonville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gibsonville, accounting for 80.59% of the town's housing units. Other types of housing that are prevalent in Gibsonville include large apartment complexes or high rise apartments ( 8.81%), row houses and other attached homes ( 5.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gibsonville. Owner-occupied housing accounts for 75.42% of Gibsonville's homes, and 69.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gibsonville 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 Gibsonville built between 2000 and later ( 34.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.98%). There's also some housing in Gibsonville built before 1939 ( 9.61%).

Gibsonville Home Appreciation Rates

Appreciation rates for homes in Gibsonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.50%, which ranks in the top 40% nationwide. This equates to an annual average Gibsonville house appreciation rate of 0.82%.

Appreciation rates are so strong in Gibsonville that despite a nationwide downturn in the housing market, Gibsonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gibsonville appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 81.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gibsonville. Gibsonville appreciation rates in the latest quarter were at 3.35%, which equates to an annual appreciation rate of 14.07%.

Importantly, this makes Gibsonville 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 Gibsonville's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$187,649

Gibsonville, NC HOME PRICES

Value Range
> $1,109,000 0.2
$832,001 - $1,109,000 0.3
$555,001 - $832,000 1.1
$444,001 - $555,000 4.6
$332,001 - $444,000 4.2
$221,001 - $332,000 22.5
$111,001 - $221,000 48.6
$56,001 - $111,000 11.8
$0 - $56,000 6.7

High for NC
High for Nation

Value Relative to Nation Value Relative to State
36.5813667506002 28.6751361161525

Number Of Homes And Apartments:
2,525

Rent & Ownership

 

Average Market Rent:
$1,215 / per month

Homeownership Rate

Homeownership
Owners 75.42
Renters 24.58
Vacant 4.10

Housing Market Details

 

Age of Homes

AGE OF Gibsonville HOMES
2000 or Newer 34.3
1970 - 1999 42.2
1940 - 1969 14.0
1939 or Older 9.6

Types of Homes

TYPE OF Gibsonville HOMES
Single-Family 80.6
Townhomes 5.5
Small Apt. Buildings 3.9
Apt. Complexes 8.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Gibsonville HOMES
No Bedroom 1.71
1 Bedroom 1.86
2 Bedrooms 24.12
3 Bedrooms 54.99
4 Bedrooms 14.13
5 or more bedrooms 3.19

Gibsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
18.60% 1.01% 3 2
* 10 is highest

Popular Neighborhoods in Gibsonville

Zip Codes in Gibsonville, NC