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 2,201, 873 total housing units (homes and apartments), and a median house value of $310,003, Oakboro real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Oakboro, accounting for 94.51% of the town's housing units. Other types of housing that are prevalent in Oakboro include duplexes, homes converted to apartments or other small apartment buildings ( 3.01%), mobile homes or trailers ( 2.48%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oakboro. Owner-occupied housing accounts for 83.05% of Oakboro's homes, and 74.49% have either three or four bedrooms, which is average sized relative to America.
Oakboro homes and real estate are some of the newest in America. 32.62% of Oakboro'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 Oakboro real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 29.28%), and between 1970-1999 ( 28.20%). There's also some housing in Oakboro built before 1939 ( 9.90%).
In the last 10 years, Oakboro has experienced some of the highest home appreciation rates of any community in the nation. Oakboro real estate appreciated 112.61% over the last ten years, which is an average annual home appreciation rate of 7.83%, putting Oakboro in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oakboro definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Oakboro that despite a nationwide downturn in the housing market, Oakboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oakboro appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 77.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oakboro. Oakboro appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.
Relative to North Carolina, our data show that Oakboro's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$310,003
for North carolina
for nation
873
$1,497 / per month