Lawndale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawndale, 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

Lawndale Housing Market Information

With a population of 592, 298 total housing units (homes and apartments), and a median house value of $109,485, 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 79.28% of the town's housing units. Other types of housing that are prevalent in Lawndale include mobile homes or trailers ( 20.42%).

Dwellings in Lawndale tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.95% 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 46.25% of the town's housing hails from this era. Other housing ages represented in Lawndale include homes built before 1939 ( 27.03%) and housing constructed between 1970-1999 ( 19.22%). There's also some housing in Lawndale built between 2000 and later ( 7.51%).

Vacant housing appears to be an issue in Lawndale. Fully 10.51% 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

Real estate appreciation rates in Lawndale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lawndale's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Lawndale's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

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:
$109,485

Lawndale, NC HOME PRICES

Value Range
> $1,069,000 1.4
$802,001 - $1,069,000 0.0
$534,001 - $802,000 0.2
$427,001 - $534,000 0.0
$321,001 - $427,000 2.9
$214,001 - $321,000 11.8
$107,001 - $214,000 33.8
$53,001 - $107,000 27.7
$0 - $53,000 22.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
71.7098324153287 72.5952813067151

Number Of Homes And Apartments:
298

Lawndale 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
45.26% 2.19% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 65.77
Renters 34.23
Vacant 10.51

Housing Market Details

 

Age of Homes

AGE OF Lawndale HOMES
2000 or Newer 7.5
1970 - 1999 19.2
1940 - 1969 46.2
1939 or Older 27.0

Types of Homes

TYPE OF Lawndale HOMES
Single-Family 79.3
Townhomes 0.3
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 20.4
Other 0.0

Home Size

SIZE OF Lawndale HOMES
No Bedroom 0.00
1 Bedroom 1.80
2 Bedrooms 50.15
3 Bedrooms 40.54
4 Bedrooms 7.51
5 or more bedrooms 0.00

Popular Neighborhoods in Lawndale

Zip Codes in Lawndale, NC