Old Fort, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Old Fort Neighborhoods Since 2000




Old Fort, 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

Old Fort Housing Market Information

With a population of 911, 390 total housing units (homes and apartments), and a median house value of $112,710, house prices in Old Fort are solidly below the national average.

Single-family detached homes are the single most common housing type in Old Fort, accounting for 46.59% of the town's housing units. Other types of housing that are prevalent in Old Fort include mobile homes or trailers ( 32.75%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few large apartment complexes or high rise apartments ( 7.91%).

People in Old Fort primarily live in small (one, two or no bedroom) single-family detached homes. Old Fort has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Old Fort 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 Old Fort built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.33%). There's also some housing in Old Fort built before 1939 ( 10.33%).

Vacant housing appears to be an issue in Old Fort. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Old Fort homes and apartments can be a drag on the real estate market, holding Old Fort 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.

Old Fort Home Appreciation Rates

Real estate appreciation rates in Old Fort's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.76% during the period.

Over the last year, Old Fort appreciation rates have trailed the rest of the nation. In the last twelve months, Old Fort's appreciation rate has been 2.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Fort were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Old Fort's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$112,710

Old Fort, NC HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 1.6
$526,001 - $789,000 1.1
$421,001 - $526,000 0.0
$316,001 - $421,000 2.7
$210,001 - $316,000 10.3
$105,001 - $210,000 38.1
$53,001 - $105,000 30.7
$0 - $53,000 15.4

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
69.6824094691199 69.1470054446461

Number Of Homes And Apartments:
390

Old Fort 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
39.52% 1.95% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$726 / per month

Homeownership Rate

Homeownership
Owners 54.62
Renters 45.38
Vacant 14.29

Housing Market Details

 

Age of Homes

AGE OF Old Fort HOMES
2000 or Newer 10.3
1970 - 1999 51.2
1940 - 1969 28.1
1939 or Older 10.3

Types of Homes

TYPE OF Old Fort HOMES
Single-Family 46.6
Townhomes 0.0
Small Apt. Buildings 12.7
Apt. Complexes 7.9
Mobile Homes 32.7
Other 0.0

Home Size

SIZE OF Old Fort HOMES
No Bedroom 3.52
1 Bedroom 7.69
2 Bedrooms 57.14
3 Bedrooms 19.12
4 Bedrooms 5.27
5 or more bedrooms 7.25

Popular Neighborhoods in Old Fort

Zip Codes in Old Fort, NC