Iron Station, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Iron Station, NC Real Estate Data


Iron Station Housing Market Information

With 770 people, 339 houses or apartments, and a median cost of homes of $162,351, 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 70.56% of the town's housing units. Other types of housing that are prevalent in Iron Station include mobile homes or trailers ( 29.44%).

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 87.32% of Iron Station's homes, and 62.15% 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 ( 24.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.28%). There's also some housing in Iron Station built before 1939 ( 6.31%).

Vacant housing appears to be an issue in Iron Station. Fully 20.79% 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 12.19%, which ranks in the top 30% nationwide. This equates to an annual average Iron Station house appreciation rate of 1.16%.

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 7.53%, which is higher than appreciation rates in 88.79% 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 1.57%, which equates to an annual appreciation rate of 6.43%.

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

Average Home Values

 

Median Home Value:
$162,351

Iron Station, NC HOME PRICES

Value Range
> $1,195,000 0.0
$896,001 - $1,195,000 0.0
$597,001 - $896,000 0.9
$478,001 - $597,000 1.4
$358,001 - $478,000 11.5
$239,001 - $358,000 11.5
$119,001 - $239,000 39.3
$60,001 - $119,000 21.7
$0 - $60,000 13.6

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
45.8628564736195 39.0199637023593

Number Of Homes And Apartments:
339

Rent & Ownership

 

Average Market Rent:
$948 / per month

Homeownership Rate

Homeownership
Owners 87.32
Renters 12.68
Vacant 20.79

Housing Market Details

 

Age of Homes

AGE OF Iron Station HOMES
2000 or Newer 10.3
1970 - 1999 59.1
1940 - 1969 24.3
1939 or Older 6.3

Types of Homes

TYPE OF Iron Station HOMES
Single-Family 70.6
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 29.4
Other 0.0

Home Size

SIZE OF Iron Station HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 37.85
3 Bedrooms 48.36
4 Bedrooms 13.79
5 or more bedrooms 0.00

Iron Station 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
39.33% 1.97% 8 4
* 10 is highest

Popular Neighborhoods in Iron Station

Zip Codes in Iron Station, NC