Knightdale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Knightdale Neighborhoods Since 2000




Knightdale, 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

Knightdale Housing Market Information

With 14,256 people, 4,847 houses or apartments, and a median cost of homes of $199,598, 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 61.99% of the town's housing units. Other types of housing that are prevalent in Knightdale include large apartment complexes or high rise apartments ( 28.66%), row houses and other attached homes ( 7.65%), and a few mobile homes or trailers ( 1.08%).

The most prevalent building size and type in Knightdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.68% owning and 36.32% renting.

Knightdale homes and real estate are some of the newest in America. 54.18% 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 ( 40.28%), and between 1940-1969 ( 4.08%). There's also some housing in Knightdale built before 1939 ( 1.46%).

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 14.25%, which ranks in the top 30% nationwide. This equates to an annual average Knightdale house appreciation rate of 1.34%.

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 7.59%, which is higher than appreciation rates in 84.66% 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 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Knightdale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Knightdale's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$199,598

Knightdale, NC HOME PRICES

Value Range
> $1,197,000 0.8
$898,001 - $1,197,000 0.9
$599,001 - $898,000 1.2
$479,001 - $599,000 0.0
$359,001 - $479,000 4.0
$240,001 - $359,000 20.2
$120,001 - $240,000 60.3
$60,001 - $120,000 5.0
$0 - $60,000 7.5

High for NC
High for Nation

Value Relative to Nation Value Relative to State
32.3567326848705 23.4119782214156

Number Of Homes And Apartments:
4,847

Knightdale 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
33.35% 1.68% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,196 / per month

Homeownership Rate

Homeownership
Owners 63.68
Renters 36.32
Vacant 4.40

Housing Market Details

 

Age of Homes

AGE OF Knightdale HOMES
2000 or Newer 54.2
1970 - 1999 40.3
1940 - 1969 4.1
1939 or Older 1.5

Types of Homes

TYPE OF Knightdale HOMES
Single-Family 62.0
Townhomes 7.7
Small Apt. Buildings 0.6
Apt. Complexes 28.7
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Knightdale HOMES
No Bedroom 2.80
1 Bedroom 9.88
2 Bedrooms 20.89
3 Bedrooms 46.31
4 Bedrooms 15.52
5 or more bedrooms 4.60