Mebane, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mebane, 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

Mebane Housing Market Information

With 13,698 people, 5,630 houses or apartments, and a median cost of homes of $171,113, Mebane real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mebane, accounting for 62.72% of the city's housing units. Other types of housing that are prevalent in Mebane include large apartment complexes or high rise apartments ( 26.37%), duplexes, homes converted to apartments or other small apartment buildings ( 5.20%), and a few mobile homes or trailers ( 3.06%).

The most prevalent building size and type in Mebane are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.20% owning and 40.80% renting.

Mebane homes and real estate are some of the newest in America. 40.17% of Mebane's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mebane real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.48%), and between 1940-1969 ( 15.70%). There's also some housing in Mebane built before 1939 ( 4.64%).

Mebane Home Appreciation Rates

Appreciation rates for homes in Mebane have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.70%, which ranks in the top 50% nationwide. This equates to an annual average Mebane house appreciation rate of 0.17%.

NeighborhoodScout's data show that during the latest twelve months, Mebane's appreciation rate, at 5.39%, has been at or slightly above the national average. In the latest quarter, Mebane's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to North Carolina, our data show that Mebane's latest annual appreciation rate is higher than 70% 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 Mebane differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mebane - 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 Mebane real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,113

Mebane, NC HOME PRICES

Value Range
> $1,092,000 0.1
$819,001 - $1,092,000 0.1
$546,001 - $819,000 1.7
$437,001 - $546,000 0.7
$328,001 - $437,000 3.5
$218,001 - $328,000 23.4
$109,001 - $218,000 51.0
$55,001 - $109,000 12.3
$0 - $55,000 7.2

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
41.2398921832884 34.3012704174229

Number Of Homes And Apartments:
5,630

Mebane 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
20.75% 1.10% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,094 / per month

Homeownership Rate

Homeownership
Owners 59.20
Renters 40.80
Vacant 7.34

Housing Market Details

 

Age of Homes

AGE OF Mebane HOMES
2000 or Newer 40.2
1970 - 1999 39.5
1940 - 1969 15.7
1939 or Older 4.6

Types of Homes

TYPE OF Mebane HOMES
Single-Family 62.7
Townhomes 2.5
Small Apt. Buildings 5.2
Apt. Complexes 26.4
Mobile Homes 3.1
Other 0.2

Home Size

SIZE OF Mebane HOMES
No Bedroom 1.70
1 Bedroom 8.59
2 Bedrooms 30.30
3 Bedrooms 44.57
4 Bedrooms 11.75
5 or more bedrooms 3.09