Goldsboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Goldsboro Housing Market Information

With a population of 35,792, 13,850 total housing units (homes and apartments), and a median house value of $96,215, house prices in Goldsboro are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Goldsboro, accounting for 50.08% of the city's housing units. Other types of housing that are prevalent in Goldsboro include large apartment complexes or high rise apartments ( 19.97%), duplexes, homes converted to apartments or other small apartment buildings ( 19.10%), and a few mobile homes or trailers ( 5.48%).

Renters dominate Goldsboro's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 ( 38.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.81%). There's also some housing in Goldsboro built before 1939 ( 7.12%).

Vacant housing appears to be an issue in Goldsboro. Fully 13.11% 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

Homes have actually lost value in Goldsboro over the last then years, as home values have seen a decline of 16.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Goldsboro home appreciation rates at -4.97%, which equates to an annual appreciation rate of -18.45%.

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 -11.75%, 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 -4.97%, which equates to an annual appreciation rate of -18.45%.

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:
$96,215

Goldsboro, NC HOME PRICES

Value Range
> $895,878 0.7
$671,942 - $895,878 0.2
$447,976 - $671,941 0.6
$358,538 - $447,975 1.2
$269,172 - $358,537 2.9
$179,270 - $269,171 10.7
$89,903 - $179,269 42.5
$44,670 - $89,902 27.2
$0 - $44,669 14.1

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
82.8029197080292 83.8768115942029

Number Of Homes And Apartments:
13,850

Goldsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
2.74% 0.15%
1
1
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$994 / per month

Homeownership Rate

Homeownership
Owners 33.57
Renters 66.43
Vacant 13.11

Housing Market Details

 

Age of Homes

AGE OF Goldsboro HOMES
2000 or Newer 13.8
1970 - 1999 40.6
1940 - 1969 38.4
1939 or Older 7.1

Types of Homes

TYPE OF Goldsboro HOMES
Single-Family 50.1
Townhomes 5.4
Small Apt. Buildings 19.1
Apt. Complexes 20.0
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Goldsboro HOMES
No Bedroom 2.49
1 Bedroom 8.03
2 Bedrooms 36.65
3 Bedrooms 40.13
4 Bedrooms 11.03
5 or more bedrooms 1.67