Granite Falls, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Granite Falls Neighborhoods Since 2000




Granite Falls, NC Real Estate Data


Granite Falls Housing Market Information

With a population of 4,662, 1,735 total housing units (homes and apartments), and a median house value of $125,032, house prices in Granite Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Granite Falls, accounting for 69.67% of the town's housing units. Other types of housing that are prevalent in Granite Falls include large apartment complexes or high rise apartments ( 19.21%), duplexes, homes converted to apartments or other small apartment buildings ( 5.54%), and a few mobile homes or trailers ( 4.48%).

The most prevalent building size and type in Granite Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.49% owning and 38.51% renting.

There is a lot of housing in Granite Falls 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 Granite Falls built between 1940-1969 ( 27.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.67%). There's also some housing in Granite Falls built before 1939 ( 8.91%).

Vacant housing appears to be an issue in Granite Falls. Fully 19.90% of the housing stock is classified as vacant. Left unchecked, vacant Granite Falls homes and apartments can be a drag on the real estate market, holding Granite Falls 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.

Granite Falls Home Appreciation Rates

Real estate appreciation rates in Granite Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.11% during the period.

Over the last year, Granite Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Granite Falls's appreciation rate has been 1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Granite Falls were at 1.27%, which equates to an annual appreciation rate of 5.20%.

Relative to North Carolina, our data show that Granite Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$125,032

Granite Falls, NC HOME PRICES

Value Range
> $1,069,000 0.6
$802,001 - $1,069,000 0.4
$535,001 - $802,000 0.2
$428,001 - $535,000 1.5
$321,001 - $428,000 2.3
$214,001 - $321,000 7.8
$107,001 - $214,000 44.9
$53,001 - $107,000 30.7
$0 - $53,000 11.7

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
63.6528664285296 61.3430127041742

Number Of Homes And Apartments:
1,735

Rent & Ownership

 

Average Market Rent:
$710 / per month

Homeownership Rate

Homeownership
Owners 61.49
Renters 38.51
Vacant 19.90

Housing Market Details

 

Age of Homes

AGE OF Granite Falls HOMES
2000 or Newer 13.7
1970 - 1999 49.9
1940 - 1969 27.6
1939 or Older 8.9

Types of Homes

TYPE OF Granite Falls HOMES
Single-Family 69.7
Townhomes 1.1
Small Apt. Buildings 5.5
Apt. Complexes 19.2
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Granite Falls HOMES
No Bedroom 0.00
1 Bedroom 4.02
2 Bedrooms 41.37
3 Bedrooms 41.37
4 Bedrooms 10.06
5 or more bedrooms 3.19

Granite Falls 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
17.98% 0.98% 3 2
* 10 is highest

Popular Neighborhoods in Granite Falls

Zip Codes in Granite Falls, NC