Randleman, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Randleman, 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

Randleman Housing Market Information

With a population of 4,153, 1,748 total housing units (homes and apartments), and a median house value of $120,714, house prices in Randleman are solidly below the national average.

Single-family detached homes are the single most common housing type in Randleman, accounting for 67.89% of the city's housing units. Other types of housing that are prevalent in Randleman include large apartment complexes or high rise apartments ( 14.51%), duplexes, homes converted to apartments or other small apartment buildings ( 12.23%), and a few mobile homes or trailers ( 4.47%).

The most prevalent building size and type in Randleman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.83% owning and 48.17% renting.

There is a lot of housing in Randleman 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 Randleman built between 1940-1969 ( 32.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.96%). There's also some housing in Randleman built before 1939 ( 10.59%).

Vacant housing appears to be an issue in Randleman. Fully 13.12% of the housing stock is classified as vacant. Left unchecked, vacant Randleman homes and apartments can be a drag on the real estate market, holding Randleman 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.

Randleman Home Appreciation Rates

Real estate appreciation rates in Randleman's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Randleman appreciation rates have trailed the rest of the nation. In the last twelve months, Randleman's appreciation rate has been 0.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Randleman were at 0.02%, which equates to an annual appreciation rate of 0.09%.

Relative to North Carolina, our data show that Randleman's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$120,714

Randleman, NC HOME PRICES

Value Range
> $1,070,000 0.0
$803,001 - $1,070,000 2.1
$535,001 - $803,000 0.0
$428,001 - $535,000 0.0
$321,001 - $428,000 0.8
$214,001 - $321,000 6.7
$107,001 - $214,000 50.2
$54,001 - $107,000 28.5
$0 - $54,000 11.6

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
64.977147544826 60.9800362976407

Number Of Homes And Apartments:
1,748

Randleman 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
13.88% 0.76% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 51.83
Renters 48.17
Vacant 13.12

Housing Market Details

 

Age of Homes

AGE OF Randleman HOMES
2000 or Newer 23.0
1970 - 1999 33.9
1940 - 1969 32.5
1939 or Older 10.6

Types of Homes

TYPE OF Randleman HOMES
Single-Family 67.9
Townhomes 0.9
Small Apt. Buildings 12.2
Apt. Complexes 14.5
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Randleman HOMES
No Bedroom 0.00
1 Bedroom 21.57
2 Bedrooms 26.19
3 Bedrooms 44.48
4 Bedrooms 7.16
5 or more bedrooms 0.60

Popular Neighborhoods in Randleman

Zip Codes in Randleman, NC