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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 23,811 people, 10,149 houses or apartments, and a median cost of homes of $189,559, Kernersville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Kernersville, accounting for 53.65% of the town's housing units. Other types of housing that are prevalent in Kernersville include large apartment complexes or high rise apartments ( 31.84%), row houses and other attached homes ( 6.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).
The most prevalent building size and type in Kernersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.79% owning and 45.21% renting.
There is a lot of housing in Kernersville 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 Kernersville built between 2000 and later ( 25.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.50%). There's also some housing in Kernersville built before 1939 ( 2.40%).
Real estate appreciation rates in Kernersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.
Over the last year, Kernersville appreciation rates have trailed the rest of the nation. In the last twelve months, Kernersville's appreciation rate has been 0.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kernersville were at -1.84%, which equates to an annual appreciation rate of -7.15%.
Notably, Kernersville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Kernersville's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Kernersville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kernersville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kernersville real estate investment or home purchase decisions.
|$782,001 - $1,043,000||0.3|
|$522,001 - $782,000||0.9|
|$417,001 - $522,000||1.2|
|$313,001 - $417,000||7.3|
|$209,001 - $313,000||23.0|
|$104,001 - $209,000||49.7|
|$52,001 - $104,000||10.9|
|$0 - $52,000||6.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kernersville HOMES|
|2000 or Newer||25.6|
|1970 - 1999||59.5|
|1940 - 1969||12.5|
|1939 or Older||2.4|
|TYPE OF Kernersville HOMES|
|Small Apt. Buildings||5.0|
|SIZE OF Kernersville HOMES|
|5 or more bedrooms||2.45|