Liberty, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Liberty, NC Real Estate Data


Liberty Housing Market Information

With a population of 2,683, 1,041 total housing units (homes and apartments), and a median house value of $108,695, house prices in Liberty are solidly below the national average.

Single-family detached homes are the single most common housing type in Liberty, accounting for 84.14% of the town's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 6.28%), mobile homes or trailers ( 3.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Liberty. Owner-occupied housing accounts for 68.74% of Liberty's homes, and 62.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Liberty 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 Liberty built between 1940-1969 ( 33.33%). A lesser amount of the housing stock also hails from before 1939 ( 14.76%). There's also some housing in Liberty built between 2000 and later ( 7.29%).

Vacant housing appears to be an issue in Liberty. Fully 11.70% of the housing stock is classified as vacant. Left unchecked, vacant Liberty homes and apartments can be a drag on the real estate market, holding Liberty 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.

Liberty Home Appreciation Rates

Real estate appreciation rates in Liberty's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.56% during the period.

Over the last year, Liberty appreciation rates have trailed the rest of the nation. In the last twelve months, Liberty's appreciation rate has been 4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Liberty were at 1.76%, which equates to an annual appreciation rate of 7.22%.

Relative to North Carolina, our data show that Liberty's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$108,695

Liberty, NC HOME PRICES

Value Range
> $1,034,000 0.4
$776,001 - $1,034,000 0.9
$517,001 - $776,000 1.5
$414,001 - $517,000 0.0
$310,001 - $414,000 4.1
$207,001 - $310,000 5.2
$103,001 - $207,000 47.6
$52,001 - $103,000 24.4
$0 - $52,000 16.0

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
73.2505709433741 73.8656987295826

Number Of Homes And Apartments:
1,041

Rent & Ownership

 

Average Market Rent:
$621 / per month

Homeownership Rate

Homeownership
Owners 68.74
Renters 31.26
Vacant 11.70

Housing Market Details

 

Age of Homes

AGE OF Liberty HOMES
2000 or Newer 7.3
1970 - 1999 44.6
1940 - 1969 33.3
1939 or Older 14.8

Types of Homes

TYPE OF Liberty HOMES
Single-Family 84.1
Townhomes 1.8
Small Apt. Buildings 3.9
Apt. Complexes 6.3
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Liberty HOMES
No Bedroom 0.42
1 Bedroom 8.65
2 Bedrooms 25.70
3 Bedrooms 58.35
4 Bedrooms 4.07
5 or more bedrooms 2.80

Liberty 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
5.83% 0.33% 1 1
* 10 is highest