Peletier, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Peletier, NC Real Estate Data


Peletier Housing Market Information

With a population of 651, 340 total housing units (homes and apartments), and a median house value of $164,750, Peletier real estate and house prices are near the national average for all cities and towns.

Mobile homes or trailers are the single most common housing type in Peletier, accounting for 51.49% of the town's housing units. Other types of housing that are prevalent in Peletier include single-family detached homes ( 44.05%), large apartment complexes or high rise apartments ( 4.09%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Peletier. Owner-occupied housing accounts for 73.24% of Peletier's homes, and 70.45% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Peletier 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 Peletier built between 2000 and later ( 21.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.10%).

A decent proportion of the Peletier housing stock is seasonally occupied. That is, homes and condos in Peletier are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Peletier housing market speaks to its popularity as a vacation location of choice.

Peletier Home Appreciation Rates

Peletier's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Peletier during the period has been just -1.91%, which is lower than 80% of US communities.

Over the last year, Peletier appreciation rates have trailed the rest of the nation. In the last twelve months, Peletier's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Peletier were at 0.99%, which equates to an annual appreciation rate of 4.04%.

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

Relative to North Carolina, our data show that Peletier's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$164,750

Peletier, NC HOME PRICES

Value Range
> $1,001,000 0.7
$750,001 - $1,001,000 0.5
$500,001 - $750,000 2.4
$400,001 - $500,000 1.8
$300,001 - $400,000 12.0
$200,001 - $300,000 15.7
$100,001 - $200,000 45.7
$50,001 - $100,000 12.8
$0 - $50,000 8.5

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
44.8439421444048 38.475499092559

Number Of Homes And Apartments:
340

Rent & Ownership

 

Average Market Rent:
$1,350 / per month

Homeownership Rate

Homeownership
Owners 73.24
Renters 26.76
Vacant 36.80

Housing Market Details

 

Age of Homes

AGE OF Peletier HOMES
2000 or Newer 21.2
1970 - 1999 61.2
1940 - 1969 17.1
1939 or Older 0.6

Types of Homes

TYPE OF Peletier HOMES
Single-Family 44.1
Townhomes 0.4
Small Apt. Buildings 0.0
Apt. Complexes 4.1
Mobile Homes 51.5
Other 0.0

Home Size

SIZE OF Peletier HOMES
No Bedroom 1.30
1 Bedroom 2.60
2 Bedrooms 25.65
3 Bedrooms 68.22
4 Bedrooms 2.23
5 or more bedrooms 0.00

Peletier Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.76% 1.36% 5 3
* 10 is highest