Peletier, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Peletier, 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

Peletier Housing Market Information

With a population of 651, 346 total housing units (homes and apartments), and a median house value of $178,477, Peletier real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Peletier, accounting for 47.96% of the town's housing units. Other types of housing that are prevalent in Peletier include mobile homes or trailers ( 46.73%), large apartment complexes or high rise apartments ( 4.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Peletier. Owner-occupied housing accounts for 68.50% of Peletier's homes, and 66.12% 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 ( 17.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.29%). There's also some housing in Peletier built before 1939 ( 1.63%).

Vacant housing appears to be an issue in Peletier. Fully 29.39% of the housing stock is classified as vacant. Left unchecked, vacant Peletier homes and apartments can be a drag on the real estate market, holding Peletier 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.

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 -1.78%, 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 2.67%, 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 -0.54%, which equates to an annual appreciation rate of -2.13%.

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 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$178,477

Peletier, NC HOME PRICES

Value Range
> $1,028,000 0.3
$771,001 - $1,028,000 0.7
$514,001 - $771,000 1.9
$411,001 - $514,000 3.0
$308,001 - $411,000 11.1
$206,001 - $308,000 19.1
$103,001 - $206,000 46.5
$51,001 - $103,000 11.2
$0 - $51,000 6.2

High for NC
High for Nation

Value Relative to Nation Value Relative to State
38.6733856791281 29.94555353902

Number Of Homes And Apartments:
346

Peletier 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
23.88% 1.25% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,155 / per month

Homeownership Rate

Homeownership
Owners 68.50
Renters 31.50
Vacant 29.39

Housing Market Details

 

Age of Homes

AGE OF Peletier HOMES
2000 or Newer 17.1
1970 - 1999 66.9
1940 - 1969 14.3
1939 or Older 1.6

Types of Homes

TYPE OF Peletier HOMES
Single-Family 48.0
Townhomes 0.6
Small Apt. Buildings 0.0
Apt. Complexes 4.7
Mobile Homes 46.7
Other 0.0

Home Size

SIZE OF Peletier HOMES
No Bedroom 1.22
1 Bedroom 2.65
2 Bedrooms 30.00
3 Bedrooms 62.86
4 Bedrooms 3.27
5 or more bedrooms 0.00