Laurinburg, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Laurinburg, 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

Laurinburg Housing Market Information

With a population of 15,507, 6,004 total housing units (homes and apartments), and a median house value of $121,550, house prices in Laurinburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Laurinburg, accounting for 69.12% of the city's housing units. Other types of housing that are prevalent in Laurinburg include duplexes, homes converted to apartments or other small apartment buildings ( 14.14%), large apartment complexes or high rise apartments ( 11.84%), and a few mobile homes or trailers ( 3.92%).

The most prevalent building size and type in Laurinburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.43% owning and 51.57% renting.

There is a lot of housing in Laurinburg 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 Laurinburg built between 1940-1969 ( 36.66%). A lesser amount of the housing stock also hails from before 1939 ( 7.26%). There's also some housing in Laurinburg built between 2000 and later ( 6.22%).

Vacant housing appears to be an issue in Laurinburg. Fully 13.11% of the housing stock is classified as vacant. Left unchecked, vacant Laurinburg homes and apartments can be a drag on the real estate market, holding Laurinburg real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Laurinburg Home Appreciation Rates

Real estate appreciation rates in Laurinburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Laurinburg's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Laurinburg's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

Notably, Laurinburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Laurinburg's latest annual appreciation rate is higher 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 city. Individual neighborhoods within Laurinburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laurinburg - 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 Laurinburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$121,550

Laurinburg, NC HOME PRICES

Value Range
> $1,055,000 0.0
$792,001 - $1,055,000 0.0
$528,001 - $792,000 0.5
$422,001 - $528,000 0.3
$316,001 - $422,000 2.2
$211,001 - $316,000 6.1
$105,001 - $211,000 33.1
$53,001 - $105,000 36.9
$0 - $53,000 21.1

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
64.5493964607992 60.2540834845735

Number Of Homes And Apartments:
6,004

Laurinburg 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
19.31% 1.03% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$686 / per month

Homeownership Rate

Homeownership
Owners 48.43
Renters 51.57
Vacant 13.11

Housing Market Details

 

Age of Homes

AGE OF Laurinburg HOMES
2000 or Newer 6.2
1970 - 1999 49.9
1940 - 1969 36.7
1939 or Older 7.3

Types of Homes

TYPE OF Laurinburg HOMES
Single-Family 69.1
Townhomes 1.0
Small Apt. Buildings 14.1
Apt. Complexes 11.8
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Laurinburg HOMES
No Bedroom 2.14
1 Bedroom 8.26
2 Bedrooms 29.62
3 Bedrooms 47.97
4 Bedrooms 10.16
5 or more bedrooms 1.84