Kernersville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kernersville Neighborhoods Since 2000




Kernersville, 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

Kernersville Housing Market Information

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%).

Kernersville Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$189,559

Kernersville, NC HOME PRICES

Value Range
> $1,043,000 0.2
$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

High for NC
High for Nation

Value Relative to Nation Value Relative to State
35.0462908707371 26.3157894736842

Number Of Homes And Apartments:
10,149

Kernersville 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
16.49% 0.89% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 54.79
Renters 45.21
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Kernersville HOMES
2000 or Newer 25.6
1970 - 1999 59.5
1940 - 1969 12.5
1939 or Older 2.4

Types of Homes

TYPE OF Kernersville HOMES
Single-Family 53.6
Townhomes 6.1
Small Apt. Buildings 5.0
Apt. Complexes 31.8
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Kernersville HOMES
No Bedroom 1.31
1 Bedroom 11.39
2 Bedrooms 35.01
3 Bedrooms 33.34
4 Bedrooms 16.51
5 or more bedrooms 2.45