Plymouth, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plymouth, 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

Plymouth Housing Market Information

With 3,658 people, 1,569 houses or apartments, and a median cost of homes of $87,562, house prices in Plymouth are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Plymouth, accounting for 70.75% of the town's housing units. Other types of housing that are prevalent in Plymouth include duplexes, homes converted to apartments or other small apartment buildings ( 22.10%), large apartment complexes or high rise apartments ( 3.68%), and a few mobile homes or trailers ( 3.47%).

The most prevalent building size and type in Plymouth are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.37% owning and 50.63% renting.

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. Plymouth's housing was primarily built during this period, from the '40s through the '60s. A full 53.85% of the town's housing hails from this era. Other housing ages represented in Plymouth include homes built between 1970-1999 ( 38.64%) and housing constructed before 1939 ( 7.04%).

Vacant housing appears to be an issue in Plymouth. Fully 19.91% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.

Plymouth Home Appreciation Rates

Plymouth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Plymouth during the period has been just -0.97%, which is lower than 70% of US communities.

Over the last year, Plymouth appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth's appreciation rate has been 2.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$87,562

Plymouth, NC HOME PRICES

Value Range
> $1,043,000 2.0
$783,001 - $1,043,000 0.0
$522,001 - $783,000 0.0
$417,001 - $522,000 0.8
$313,001 - $417,000 2.3
$209,001 - $313,000 4.4
$104,001 - $209,000 23.7
$52,001 - $104,000 42.7
$0 - $52,000 24.1

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
85.7904605648658 88.5662431941924

Number Of Homes And Apartments:
1,569

Plymouth 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
30.67% 1.56% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$716 / per month

Homeownership Rate

Homeownership
Owners 49.37
Renters 50.63
Vacant 19.91

Housing Market Details

 

Age of Homes

AGE OF Plymouth HOMES
2000 or Newer 0.5
1970 - 1999 38.6
1940 - 1969 53.9
1939 or Older 7.0

Types of Homes

TYPE OF Plymouth HOMES
Single-Family 70.8
Townhomes 0.0
Small Apt. Buildings 22.1
Apt. Complexes 3.7
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Plymouth HOMES
No Bedroom 1.02
1 Bedroom 7.55
2 Bedrooms 27.82
3 Bedrooms 52.27
4 Bedrooms 11.33
5 or more bedrooms 0.00

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Zip Codes in Plymouth, NC