Hertford, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hertford, 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

Hertford Housing Market Information

With a population of 2,148, 912 total housing units (homes and apartments), and a median house value of $133,357, house prices in Hertford are solidly below the national average.

Single-family detached homes are the single most common housing type in Hertford, accounting for 68.21% of the town's housing units. Other types of housing that are prevalent in Hertford include mobile homes or trailers ( 16.07%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few large apartment complexes or high rise apartments ( 2.97%).

The most prevalent building size and type in Hertford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 47.31% owning and 52.69% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hertford's housing was primarily built during this period, from the '40s through the '60s. A full 38.17% of the town's housing hails from this era. Other housing ages represented in Hertford include homes built between 1970-1999 ( 32.31%) and housing constructed before 1939 ( 26.38%). There's also some housing in Hertford built between 2000 and later ( 3.14%).

Vacant housing appears to be an issue in Hertford. Fully 20.35% of the housing stock is classified as vacant. Left unchecked, vacant Hertford homes and apartments can be a drag on the real estate market, holding Hertford 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.

Hertford Home Appreciation Rates

Homes have actually lost value in Hertford over the last then years, as home values have seen a decline of 20.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hertford home appreciation rates at -0.54%, which equates to an annual appreciation rate of -2.13%.

Over the last year, Hertford appreciation rates have trailed the rest of the nation. In the last twelve months, Hertford's appreciation rate has been -1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hertford were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$133,357

Hertford, NC HOME PRICES

Value Range
> $981,000 0.8
$736,001 - $981,000 0.2
$490,001 - $736,000 1.2
$392,001 - $490,000 4.4
$295,001 - $392,000 2.8
$196,001 - $295,000 13.1
$98,001 - $196,000 44.9
$49,001 - $98,000 21.3
$0 - $49,000 11.3

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
58.039376538146 52.4500907441016

Number Of Homes And Apartments:
912

Hertford 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
36.55% 1.82% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 47.31
Renters 52.69
Vacant 20.35

Housing Market Details

 

Age of Homes

AGE OF Hertford HOMES
2000 or Newer 3.1
1970 - 1999 32.3
1940 - 1969 38.2
1939 or Older 26.4

Types of Homes

TYPE OF Hertford HOMES
Single-Family 68.2
Townhomes 0.0
Small Apt. Buildings 12.8
Apt. Complexes 3.0
Mobile Homes 16.1
Other 0.0

Home Size

SIZE OF Hertford HOMES
No Bedroom 5.94
1 Bedroom 6.03
2 Bedrooms 21.92
3 Bedrooms 53.01
4 Bedrooms 10.04
5 or more bedrooms 3.06

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Zip Codes in Hertford, NC