North Wilkesboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Wilkesboro, 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

North Wilkesboro Housing Market Information

With 4,226 people, 1,555 houses or apartments, and a median cost of homes of $145,626, North Wilkesboro 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 North Wilkesboro, accounting for 59.07% of the town's housing units. Other types of housing that are prevalent in North Wilkesboro include large apartment complexes or high rise apartments ( 21.81%), duplexes, homes converted to apartments or other small apartment buildings ( 13.02%), and a few mobile homes or trailers ( 4.95%).

North Wilkesboro is dominated by renter-occupied one, two, or no bedrooms apartments. 65.48% of North Wilkesboro's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Wilkesboro's housing was primarily built during this period, from the '40s through the '60s. A full 41.21% of the town's housing hails from this era. Other housing ages represented in North Wilkesboro include homes built between 1970-1999 ( 39.12%) and housing constructed before 1939 ( 12.91%). There's also some housing in North Wilkesboro built between 2000 and later ( 6.76%).

Vacant housing appears to be an issue in North Wilkesboro. Fully 14.56% of the housing stock is classified as vacant. Left unchecked, vacant North Wilkesboro homes and apartments can be a drag on the real estate market, holding North Wilkesboro 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.

North Wilkesboro Home Appreciation Rates

North Wilkesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Wilkesboro during the period has been just -0.98%, which is lower than 70% of US communities.

Over the last year, North Wilkesboro appreciation rates have trailed the rest of the nation. In the last twelve months, North Wilkesboro's appreciation rate has been -0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Wilkesboro were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$145,626

North Wilkesboro, NC HOME PRICES

Value Range
> $1,060,000 1.2
$795,001 - $1,060,000 1.2
$529,001 - $795,000 1.5
$424,001 - $529,000 0.8
$318,001 - $424,000 2.8
$212,001 - $318,000 14.7
$106,001 - $212,000 33.1
$53,001 - $106,000 30.9
$0 - $53,000 13.7

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.8633540372671 45.1905626134301

Number Of Homes And Apartments:
1,555

North Wilkesboro 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
12.02% 0.66% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$746 / per month

Homeownership Rate

Homeownership
Owners 34.52
Renters 65.48
Vacant 14.56

Housing Market Details

 

Age of Homes

AGE OF North Wilkesboro HOMES
2000 or Newer 6.8
1970 - 1999 39.1
1940 - 1969 41.2
1939 or Older 12.9

Types of Homes

TYPE OF North Wilkesboro HOMES
Single-Family 59.1
Townhomes 1.2
Small Apt. Buildings 13.0
Apt. Complexes 21.8
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF North Wilkesboro HOMES
No Bedroom 1.81
1 Bedroom 14.73
2 Bedrooms 33.46
3 Bedrooms 33.57
4 Bedrooms 13.63
5 or more bedrooms 2.80

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Zip Codes in North Wilkesboro, NC