Maxton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Maxton Neighborhoods Since 2000




Maxton, 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

Maxton Housing Market Information

With 2,451 people, 966 houses or apartments, and a median cost of homes of $74,044, house prices in Maxton are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Maxton, accounting for 59.78% of the town's housing units. Other types of housing that are prevalent in Maxton include duplexes, homes converted to apartments or other small apartment buildings ( 21.62%), mobile homes or trailers ( 9.82%), and a few large apartment complexes or high rise apartments ( 5.68%).

The most prevalent building size and type in Maxton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.06% owning and 53.94% renting.

There is a lot of housing in Maxton 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 Maxton built between 1940-1969 ( 27.73%). A lesser amount of the housing stock also hails from before 1939 ( 13.01%). There's also some housing in Maxton built between 2000 and later ( 10.51%).

Vacant housing appears to be an issue in Maxton. Fully 16.80% of the housing stock is classified as vacant. Left unchecked, vacant Maxton homes and apartments can be a drag on the real estate market, holding Maxton 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.

Maxton Home Appreciation Rates

Real estate appreciation rates in Maxton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

Over the last year, Maxton appreciation rates have trailed the rest of the nation. In the last twelve months, Maxton's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maxton were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$74,044

Maxton, NC HOME PRICES

Value Range
> $1,059,000 1.0
$794,001 - $1,059,000 0.0
$530,001 - $794,000 0.0
$424,001 - $530,000 0.1
$318,001 - $424,000 0.8
$212,001 - $318,000 3.2
$106,001 - $212,000 16.5
$53,001 - $106,000 52.9
$0 - $53,000 25.5

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5602953240361 96.3702359346643

Number Of Homes And Apartments:
966

Maxton 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
33.36% 1.68% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$580 / per month

Homeownership Rate

Homeownership
Owners 46.06
Renters 53.94
Vacant 16.80

Housing Market Details

 

Age of Homes

AGE OF Maxton HOMES
2000 or Newer 10.5
1970 - 1999 48.8
1940 - 1969 27.7
1939 or Older 13.0

Types of Homes

TYPE OF Maxton HOMES
Single-Family 59.8
Townhomes 3.1
Small Apt. Buildings 21.6
Apt. Complexes 5.7
Mobile Homes 9.8
Other 0.0

Home Size

SIZE OF Maxton HOMES
No Bedroom 0.52
1 Bedroom 10.68
2 Bedrooms 19.29
3 Bedrooms 60.90
4 Bedrooms 6.37
5 or more bedrooms 2.24