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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.



Ramseur, 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

Ramseur, NC Housing Market Trends

With 1,777 people, 633 houses or apartments, and a median cost of homes of $129,618, house prices in Ramseur 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 Ramseur, accounting for 64.14% of the town's housing units. Other types of housing that are prevalent in Ramseur include large apartment complexes or high rise apartments ( 26.34%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few row houses and other attached homes ( 1.79%).

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

There is a lot of housing in Ramseur 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 Ramseur built between 1940-1969 ( 34.62%). A lesser amount of the housing stock also hails from before 1939 ( 12.83%). There's also some housing in Ramseur built between 2000 and later ( 7.31%).

Vacant housing appears to be an issue in Ramseur. Fully 12.69% of the housing stock is classified as vacant. Left unchecked, vacant Ramseur homes and apartments can be a drag on the real estate market, holding Ramseur 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.

Ramseur Home Appreciation Rates

Ramseur's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ramseur during the period has been just 4.67%, which is lower than 80% of US communities.

Appreciation rates are so strong in Ramseur that despite a nationwide downturn in the housing market, Ramseur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ramseur appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 76.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ramseur. Ramseur appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.81%.

Relative to North Carolina, our data show that Ramseur's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$129,618

Ramseur, NC Home Prices
> $1,143,000
$857,001 - $1,143,000
$571,001 - $857,000
$457,001 - $571,000
$342,001 - $457,000
$228,001 - $342,000
$114,001 - $228,000
$57,001 - $114,000
$0 - $57,000
1.0%
1.0%
0.2%
0.2%
0.0%
0.0%
2.4%
2.4%
1.9%
1.9%
6.5%
6.5%
50.3%
50.3%
22.2%
22.2%
15.5%
15.5%
0% 100.0%
% of Homes
Very Low

for North carolina

Very Low

for nation

Number of Homes And Apartments:

633

Ramseur Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,144 / per month

Homeownership Rate

Owners
Renters
39.5%
39.5%
60.5%
60.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.7%
12.7%
87.3%
87.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
45.2%
45.2%
34.6%
34.6%
12.8%
12.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.1%
64.1%
1.8%
1.8%
7.2%
7.2%
26.3%
26.3%
0.6%
0.6%
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
0.0%
0.0%
7.0%
7.0%
48.1%
48.1%
40.7%
40.7%
2.6%
2.6%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Ramseur

Zip Codes in Ramseur, NC