Kernersville, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Kernersville, NC Housing Market Trends

With a population of 24,660, 10,564 total housing units (homes and apartments), and a median house value of $242,438, 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 52.07% of the town's housing units. Other types of housing that are prevalent in Kernersville include large apartment complexes or high rise apartments ( 31.64%), row houses and other attached homes ( 6.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.78%).

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 52.58% owning and 47.42% 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 ( 29.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.32%). There's also some housing in Kernersville built before 1939 ( 3.08%).

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 3.21% during the period.

NeighborhoodScout's data show that during the latest twelve months, Kernersville's appreciation rate, at 9.99%, has been at or slightly above the national average. In the latest quarter, Kernersville's appreciation rate has been 2.53%, which annualizes to a rate of 10.52%.

Relative to North Carolina, our data show that Kernersville's latest annual appreciation rate is lower than 60% 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:
$242,438

Kernersville, NC HOME PRICES

> $1,255,000
0.3%
0.3%
$941,001 - $1,255,000
0.3%
0.3%
$628,001 - $941,000
1.2%
1.2%
$502,001 - $628,000
2.3%
2.3%
$376,001 - $502,000
11.0%
11.0%
$251,001 - $376,000
21.8%
21.8%
$125,001 - $251,000
49.2%
49.2%
$63,001 - $125,000
7.1%
7.1%
$0 - $63,000
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NC

Value Relative To Nation

Number Of Homes And Apartments:
10,564

Kernersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
55.24% 2.07%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,032 / per month

Homeownership Rate

Owners
52.6%
52.6%
Renters
47.4%
47.4%
Vacant
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
29.6%
29.6%
1970 - 1999
56.0%
56.0%
1940 - 1969
11.3%
11.3%
1939 or Older
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.1%
52.1%
Townhomes
6.9%
6.9%
Small Apt. Buildings
5.8%
5.8%
Apt. Complexes
31.6%
31.6%
Mobile Homes
3.6%
3.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
13.0%
13.0%
2 Bedrooms
33.1%
33.1%
3 Bedrooms
33.5%
33.5%
4 Bedrooms
15.8%
15.8%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES