Goldsboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Goldsboro Neighborhoods Since 2000




Goldsboro, 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 Q2 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

Goldsboro Housing Market Information

With 35,826 people, 14,116 houses or apartments, and a median cost of homes of $100,714, house prices in Goldsboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Goldsboro, accounting for 51.26% of the city's housing units. Other types of housing that are prevalent in Goldsboro include large apartment complexes or high rise apartments ( 19.34%), duplexes, homes converted to apartments or other small apartment buildings ( 18.11%), and a few row houses and other attached homes ( 6.43%).

The most prevalent building size and type in Goldsboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.06% owning and 64.94% renting.

There is a lot of housing in Goldsboro 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 Goldsboro built between 1940-1969 ( 38.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.93%). There's also some housing in Goldsboro built before 1939 ( 7.94%).

Vacant housing appears to be an issue in Goldsboro. Fully 12.35% of the housing stock is classified as vacant. Left unchecked, vacant Goldsboro homes and apartments can be a drag on the real estate market, holding Goldsboro 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.

Goldsboro Home Appreciation Rates

Goldsboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Goldsboro during the period has been just -0.69%, which is lower than 70% of US communities.

Over the last year, Goldsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Goldsboro's appreciation rate has been -2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Goldsboro were at -1.47%, which equates to an annual appreciation rate of -5.76%.

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

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

Average Home Values

 

Median Home Value:
$100,714

Goldsboro, NC HOME PRICES

Value Range
> $1,003,000 0.4
$752,001 - $1,003,000 0.2
$502,001 - $752,000 0.6
$401,001 - $502,000 1.2
$300,001 - $401,000 3.0
$201,001 - $300,000 10.8
$100,001 - $201,000 39.0
$50,001 - $100,000 30.3
$0 - $50,000 14.5

Very Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
78.098834826395 80.3992740471869

Number Of Homes And Apartments:
14,116

Goldsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
15.71% 0.84% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 35.06
Renters 64.94
Vacant 12.35

Housing Market Details

 

Age of Homes

AGE OF Goldsboro HOMES
2000 or Newer 13.9
1970 - 1999 40.1
1940 - 1969 38.1
1939 or Older 7.9

Types of Homes

TYPE OF Goldsboro HOMES
Single-Family 51.3
Townhomes 6.4
Small Apt. Buildings 18.1
Apt. Complexes 19.3
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Goldsboro HOMES
No Bedroom 2.39
1 Bedroom 8.85
2 Bedrooms 34.62
3 Bedrooms 40.68
4 Bedrooms 11.67
5 or more bedrooms 1.79