Middlesex, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middlesex, 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

Middlesex Housing Market Information

With a population of 814, 383 total housing units (homes and apartments), and a median house value of $85,544, house prices in Middlesex 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 Middlesex, accounting for 71.21% of the town's housing units. Other types of housing that are prevalent in Middlesex include mobile homes or trailers ( 15.80%), large apartment complexes or high rise apartments ( 7.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.41%).

The most prevalent building size and type in Middlesex are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.66% owning and 43.34% renting.

There is a lot of housing in Middlesex 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 Middlesex built between 1940-1969 ( 28.14%). A lesser amount of the housing stock also hails from before 1939 ( 16.88%). There's also some housing in Middlesex built between 2000 and later ( 14.94%).

Vacant housing appears to be an issue in Middlesex. Fully 17.10% of the housing stock is classified as vacant. Left unchecked, vacant Middlesex homes and apartments can be a drag on the real estate market, holding Middlesex 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.

Middlesex Home Appreciation Rates

Middlesex's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middlesex during the period has been just -1.11%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Middlesex's appreciation rate, at 5.24%, has been at or slightly above the national average. In the latest quarter, Middlesex's appreciation rate has been 0.85%, which annualizes to a rate of 3.43%.

Relative to North Carolina, our data show that Middlesex's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$85,544

Middlesex, NC HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.0
$519,001 - $778,000 0.0
$415,001 - $519,000 0.0
$311,001 - $415,000 1.4
$207,001 - $311,000 7.2
$104,001 - $207,000 26.2
$52,001 - $104,000 44.4
$0 - $52,000 20.9

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0854330247275 89.8366606170599

Number Of Homes And Apartments:
383

Middlesex 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
4.03% 0.23% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,019 / per month

Homeownership Rate

Homeownership
Owners 56.66
Renters 43.34
Vacant 17.10

Housing Market Details

 

Age of Homes

AGE OF Middlesex HOMES
2000 or Newer 14.9
1970 - 1999 40.0
1940 - 1969 28.1
1939 or Older 16.9

Types of Homes

TYPE OF Middlesex HOMES
Single-Family 71.2
Townhomes 0.0
Small Apt. Buildings 5.4
Apt. Complexes 7.6
Mobile Homes 15.8
Other 0.0

Home Size

SIZE OF Middlesex HOMES
No Bedroom 0.00
1 Bedroom 7.58
2 Bedrooms 35.71
3 Bedrooms 45.67
4 Bedrooms 9.52
5 or more bedrooms 1.52

Popular Neighborhoods in Middlesex

Zip Codes in Middlesex, NC