Lawndale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawndale, NC Real Estate Data


Lawndale Housing Market Information

With 592 people, 285 houses or apartments, and a median cost of homes of $109,671, house prices in Lawndale are solidly below the national average.

Single-family detached homes are the single most common housing type in Lawndale, accounting for 73.28% of the town's housing units. Other types of housing that are prevalent in Lawndale include mobile homes or trailers ( 26.72%).

Dwellings in Lawndale tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.89% of the homes in Lawndale have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lawndale's housing was primarily built during this period, from the '40s through the '60s. A full 43.39% of the town's housing hails from this era. Other housing ages represented in Lawndale include homes built between 1970-1999 ( 23.56%) and housing constructed before 1939 ( 23.56%). There's also some housing in Lawndale built between 2000 and later ( 9.48%).

Vacant housing appears to be an issue in Lawndale. Fully 18.10% of the housing stock is classified as vacant. Left unchecked, vacant Lawndale homes and apartments can be a drag on the real estate market, holding Lawndale 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.

Lawndale Home Appreciation Rates

Appreciation rates for homes in Lawndale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.65%, which ranks in the top 50% nationwide. This equates to an annual average Lawndale house appreciation rate of 0.55%.

NeighborhoodScout's data show that during the latest twelve months, Lawndale's appreciation rate, at 4.96%, has been at or slightly above the national average. In the latest quarter, Lawndale's appreciation rate has been 0.99%, which annualizes to a rate of 4.04%.

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

Relative to North Carolina, our data show that Lawndale's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$109,671

Lawndale, NC HOME PRICES

Value Range
> $1,075,000 1.2
$806,001 - $1,075,000 0.0
$537,001 - $806,000 0.1
$430,001 - $537,000 0.0
$323,001 - $430,000 2.2
$215,001 - $323,000 11.4
$108,001 - $215,000 36.6
$54,001 - $108,000 28.9
$0 - $54,000 19.6

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
72.6591321660713 72.5952813067151

Number Of Homes And Apartments:
285

Rent & Ownership

 

Average Market Rent:
$705 / per month

Homeownership Rate

Homeownership
Owners 71.93
Renters 28.07
Vacant 18.10

Housing Market Details

 

Age of Homes

AGE OF Lawndale HOMES
2000 or Newer 9.5
1970 - 1999 23.6
1940 - 1969 43.4
1939 or Older 23.6

Types of Homes

TYPE OF Lawndale HOMES
Single-Family 73.3
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 26.7
Other 0.0

Home Size

SIZE OF Lawndale HOMES
No Bedroom 0.00
1 Bedroom 1.72
2 Bedrooms 53.16
3 Bedrooms 39.94
4 Bedrooms 4.31
5 or more bedrooms 0.86

Lawndale 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
47.41% 2.31% 9 6
* 10 is highest

Popular Neighborhoods in Lawndale

Zip Codes in Lawndale, NC