Knightdale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Knightdale Neighborhoods Since 2000




Knightdale, NC Real Estate Data


Knightdale Housing Market Information

With 14,256 people, 4,654 houses or apartments, and a median cost of homes of $192,155, Knightdale real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Knightdale, accounting for 65.95% of the town's housing units. Other types of housing that are prevalent in Knightdale include large apartment complexes or high rise apartments ( 27.24%), row houses and other attached homes ( 5.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Knightdale. Owner-occupied housing accounts for 66.02% of Knightdale's homes, and 62.92% have either three or four bedrooms, which is average sized relative to America.

Knightdale homes and real estate are some of the newest in America. 52.44% of Knightdale's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Knightdale real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.35%), and between 1940-1969 ( 5.32%). There's also some housing in Knightdale built before 1939 ( 1.90%).

Knightdale Home Appreciation Rates

Appreciation rates for homes in Knightdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.52%, which ranks in the top 30% nationwide. This equates to an annual average Knightdale house appreciation rate of 1.19%.

Appreciation rates are so strong in Knightdale that despite a nationwide downturn in the housing market, Knightdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Knightdale appreciation rates continue to be some of the highest in America, at 7.28%, which is higher than appreciation rates in 86.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Knightdale. Knightdale appreciation rates in the latest quarter were at 2.17%, which equates to an annual appreciation rate of 8.95%.

Relative to North Carolina, our data show that Knightdale's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$192,155

Knightdale, NC HOME PRICES

Value Range
> $1,166,000 0.8
$875,001 - $1,166,000 0.8
$583,001 - $875,000 1.6
$466,001 - $583,000 0.5
$350,001 - $466,000 4.3
$233,001 - $350,000 19.2
$116,001 - $233,000 63.3
$58,001 - $116,000 3.0
$0 - $58,000 6.6

High for NC
High for Nation

Value Relative to Nation Value Relative to State
35.0881302336476 26.6787658802178

Number Of Homes And Apartments:
4,654

Rent & Ownership

 

Average Market Rent:
$1,135 / per month

Homeownership Rate

Homeownership
Owners 66.02
Renters 33.98
Vacant 5.12

Housing Market Details

 

Age of Homes

AGE OF Knightdale HOMES
2000 or Newer 52.4
1970 - 1999 40.3
1940 - 1969 5.3
1939 or Older 1.9

Types of Homes

TYPE OF Knightdale HOMES
Single-Family 66.0
Townhomes 5.7
Small Apt. Buildings 0.3
Apt. Complexes 27.2
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Knightdale HOMES
No Bedroom 2.10
1 Bedroom 10.97
2 Bedrooms 18.63
3 Bedrooms 46.91
4 Bedrooms 16.00
5 or more bedrooms 5.38

Knightdale 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
28.68% 1.49% 6 3
* 10 is highest