Iron Station, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Iron Station, 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

Iron Station Housing Market Information

With 770 people, 266 houses or apartments, and a median cost of homes of $146,638, Iron Station real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Iron Station, accounting for 80.71% of the town's housing units. Other types of housing that are prevalent in Iron Station include mobile homes or trailers ( 19.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Iron Station. Owner-occupied housing accounts for 81.95% of Iron Station's homes, and 58.16% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Iron Station 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 Iron Station built between 1940-1969 ( 29.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.76%). There's also some housing in Iron Station built before 1939 ( 7.42%).

Vacant housing appears to be an issue in Iron Station. Fully 21.07% of the housing stock is classified as vacant. Left unchecked, vacant Iron Station homes and apartments can be a drag on the real estate market, holding Iron Station 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.

Iron Station Home Appreciation Rates

Appreciation rates for homes in Iron Station have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.93%, which ranks in the top 40% nationwide. This equates to an annual average Iron Station house appreciation rate of 0.77%.

Appreciation rates are so strong in Iron Station that despite a nationwide downturn in the housing market, Iron Station real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Iron Station appreciation rates continue to be some of the highest in America, at 5.68%, which is higher than appreciation rates in 71.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Iron Station. Iron Station appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Iron Station 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 Iron Station's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$146,638

Iron Station, NC HOME PRICES

Value Range
> $1,163,000 0.0
$873,001 - $1,163,000 0.0
$582,001 - $873,000 0.0
$465,001 - $582,000 0.8
$349,001 - $465,000 10.1
$233,001 - $349,000 10.6
$116,001 - $233,000 44.5
$58,001 - $116,000 22.0
$0 - $58,000 12.0

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.4824797843666 44.464609800363

Number Of Homes And Apartments:
266

Iron Station 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
38.46% 1.90% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,002 / per month

Homeownership Rate

Homeownership
Owners 81.95
Renters 18.05
Vacant 21.07

Housing Market Details

 

Age of Homes

AGE OF Iron Station HOMES
2000 or Newer 12.8
1970 - 1999 50.1
1940 - 1969 29.7
1939 or Older 7.4

Types of Homes

TYPE OF Iron Station HOMES
Single-Family 80.7
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 19.3
Other 0.0

Home Size

SIZE OF Iron Station HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 41.84
3 Bedrooms 49.26
4 Bedrooms 8.90
5 or more bedrooms 0.00

Popular Neighborhoods in Iron Station

Zip Codes in Iron Station, NC