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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Kenly, NC Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kenly, NC Housing Market Trends

With 1,595 people, 947 houses or apartments, and a median cost of homes of $338,270, Kenly real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kenly, accounting for 63.99% of the town's housing units. Other types of housing that are prevalent in Kenly include mobile homes or trailers ( 16.85%), duplexes, homes converted to apartments or other small apartment buildings ( 13.84%), and a few large apartment complexes or high rise apartments ( 3.21%).

People in Kenly primarily live in small (one, two or no bedroom) single-family detached homes. Kenly has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kenly 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 Kenly built between 1940-1969 ( 34.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.85%). There's also some housing in Kenly built before 1939 ( 14.14%).

Kenly Home Appreciation Rates

Appreciation rates for homes in Kenly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.05%, which ranks in the top 30% nationwide. This equates to an annual average Kenly house appreciation rate of 7.86%.

NeighborhoodScout's data show that during the latest twelve months, Kenly's appreciation rate, at 7.63%, has been at or slightly above the national average. In the latest quarter, Kenly's appreciation rate has been 1.27%, which annualizes to a rate of 5.19%.

Relative to North Carolina, our data show that Kenly's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$338,270

Kenly, NC Home Prices
> $1,545,000
$1,159,001 - $1,545,000
$773,001 - $1,159,000
$618,001 - $773,000
$464,001 - $618,000
$309,001 - $464,000
$155,001 - $309,000
$77,001 - $155,000
$0 - $77,000
0.0%
0.0%
3.5%
3.5%
7.4%
7.4%
2.5%
2.5%
12.3%
12.3%
24.2%
24.2%
25.7%
25.7%
17.8%
17.8%
6.5%
6.5%
0% 100.0%
% of Homes
High

for North carolina

High

for nation

Number of Homes And Apartments:

947

Kenly Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,323 / per month

Homeownership Rate

Owners
Renters
54.0%
54.0%
46.0%
46.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.0%
5.0%
95.0%
95.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
35.2%
35.2%
34.8%
34.8%
14.1%
14.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.0%
64.0%
2.1%
2.1%
13.8%
13.8%
3.2%
3.2%
16.9%
16.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
9.2%
9.2%
36.7%
36.7%
38.2%
38.2%
7.2%
7.2%
8.6%
8.6%
0% 100.0%
% of Homes