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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Raeford, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Raeford, NC Housing Market Trends

With 4,529 people, 1,767 houses or apartments, and a median cost of homes of $158,505, house prices in Raeford 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 Raeford, accounting for 70.77% of the city's housing units. Other types of housing that are prevalent in Raeford include duplexes, homes converted to apartments or other small apartment buildings ( 19.24%), large apartment complexes or high rise apartments ( 8.46%), and a few mobile homes or trailers ( 1.53%).

The most prevalent building size and type in Raeford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.38% owning and 51.62% 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. Raeford's housing was primarily built during this period, from the '40s through the '60s. A full 34.35% of the city's housing hails from this era. Other housing ages represented in Raeford include homes built between 1970-1999 ( 32.92%) and housing constructed between 2000 and later ( 27.36%). There's also some housing in Raeford built before 1939 ( 5.36%).

Vacant housing appears to be an issue in Raeford. Fully 13.04% of the housing stock is classified as vacant. Left unchecked, vacant Raeford homes and apartments can be a drag on the real estate market, holding Raeford 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.

Raeford Home Appreciation Rates

Raeford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Raeford during the period has been just 4.71%, which is lower than 80% of US communities.

Appreciation rates are so strong in Raeford that despite a nationwide downturn in the housing market, Raeford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Raeford appreciation rates continue to be some of the highest in America, at 10.89%, which is higher than appreciation rates in 97.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Raeford. Raeford appreciation rates in the latest quarter were at 0.82%, which equates to an annual appreciation rate of 3.31%.

Relative to North Carolina, our data show that Raeford's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Raeford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Raeford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Raeford real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$158,505

Raeford, NC Home Prices
> $1,316,000
$987,001 - $1,316,000
$658,001 - $987,000
$526,001 - $658,000
$395,001 - $526,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
2.6%
2.6%
0.3%
0.3%
0.7%
0.7%
2.1%
2.1%
3.2%
3.2%
14.6%
14.6%
37.4%
37.4%
31.9%
31.9%
7.3%
7.3%
0% 100.0%
% of Homes
Very Low

for North carolina

Very Low

for nation

Number of Homes And Apartments:

1,767

Raeford Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,406 / per month

Homeownership Rate

Owners
Renters
48.4%
48.4%
51.6%
51.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.0%
13.0%
87.0%
87.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.4%
27.4%
32.9%
32.9%
34.4%
34.4%
5.4%
5.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.8%
70.8%
0.0%
0.0%
19.2%
19.2%
8.5%
8.5%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.0%
5.0%
10.4%
10.4%
20.4%
20.4%
49.9%
49.9%
12.0%
12.0%
2.3%
2.3%
0% 100.0%
% of Homes