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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,085, 2,202 total housing units (homes and apartments), and a median house value of $334,890, Mocksville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mocksville, accounting for 67.69% of the town's housing units. Other types of housing that are prevalent in Mocksville include large apartment complexes or high rise apartments ( 16.46%), duplexes, homes converted to apartments or other small apartment buildings ( 8.25%), and a few mobile homes or trailers ( 2.29%).
The most prevalent building size and type in Mocksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.93% owning and 43.07% renting.
Mocksville homes and real estate are some of the newest in America. 37.38% of Mocksville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mocksville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.43%), and between 1940-1969 ( 24.27%). There's also some housing in Mocksville built before 1939 ( 6.92%).
Vacant housing appears to be an issue in Mocksville. Fully 11.39% of the housing stock is classified as vacant. Left unchecked, vacant Mocksville homes and apartments can be a drag on the real estate market, holding Mocksville 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.
Appreciation rates for homes in Mocksville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.90%, which ranks in the top 30% nationwide. This equates to an annual average Mocksville house appreciation rate of 7.65%.
Appreciation rates are so strong in Mocksville that despite a nationwide downturn in the housing market, Mocksville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mocksville appreciation rates continue to be some of the highest in America, at 9.05%, which is higher than appreciation rates in 91.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mocksville. Mocksville appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.97%.
Relative to North Carolina, our data show that Mocksville's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Mocksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mocksville - 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 Mocksville real estate investment or home purchase decisions.
$334,890
for North carolina
for nation
2,202
$977 / per month