Ramseur, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ramseur, 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

Ramseur Housing Market Information

With a population of 1,701, 700 total housing units (homes and apartments), and a median house value of $118,566, house prices in Ramseur are solidly below the national average.

Single-family detached homes are the single most common housing type in Ramseur, accounting for 77.55% of the town's housing units. Other types of housing that are prevalent in Ramseur include duplexes, homes converted to apartments or other small apartment buildings ( 10.44%), large apartment complexes or high rise apartments ( 10.07%), and a few mobile homes or trailers ( 1.94%).

The most prevalent building size and type in Ramseur are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.46% owning and 41.54% renting.

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 ( 36.53%). A lesser amount of the housing stock also hails from before 1939 ( 18.08%). There's also some housing in Ramseur built between 2000 and later ( 6.43%).

Vacant housing appears to be an issue in Ramseur. Fully 15.05% 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

Real estate appreciation rates in Ramseur's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Over the last year, Ramseur appreciation rates have trailed the rest of the nation. In the last twelve months, Ramseur's appreciation rate has been -1.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ramseur were at 0.02%, which equates to an annual appreciation rate of 0.09%.

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

Average Home Values

 

Median Home Value:
$118,566

Ramseur, NC HOME PRICES

Value Range
> $1,036,000 1.4
$777,001 - $1,036,000 0.7
$518,001 - $777,000 0.5
$414,001 - $518,000 0.0
$311,001 - $414,000 2.7
$207,001 - $311,000 14.7
$104,001 - $207,000 39.6
$52,001 - $104,000 26.1
$0 - $52,000 14.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
66.3248564397047 63.7023593466425

Number Of Homes And Apartments:
700

Ramseur 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
12.78% 0.70% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$824 / per month

Homeownership Rate

Homeownership
Owners 58.46
Renters 41.54
Vacant 15.05

Housing Market Details

 

Age of Homes

AGE OF Ramseur HOMES
2000 or Newer 6.4
1970 - 1999 39.0
1940 - 1969 36.5
1939 or Older 18.1

Types of Homes

TYPE OF Ramseur HOMES
Single-Family 77.5
Townhomes 0.0
Small Apt. Buildings 10.4
Apt. Complexes 10.1
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Ramseur HOMES
No Bedroom 0.00
1 Bedroom 9.83
2 Bedrooms 36.41
3 Bedrooms 40.41
4 Bedrooms 8.37
5 or more bedrooms 4.98

Popular Neighborhoods in Ramseur

Zip Codes in Ramseur, NC