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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,642 people, 1,523 houses or apartments, and a median cost of homes of $208,051, 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 86.15% of the city's housing units. Other types of housing that are prevalent in Randleman include large apartment complexes or high rise apartments ( 8.87%), mobile homes or trailers ( 3.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Randleman. Owner-occupied housing accounts for 67.50% of Randleman's homes, and 62.70% have either three or four bedrooms, which is average sized relative to America.
The housing in Randleman was primarily built before 1939 ( 31.35%), making the housing stock in Randleman some of the oldest overall in America, although there is a range of ages of homes in Randleman. The next most important housing age is between 1970-1999 ( 29.28%), followed by between 2000 and later ( 28.31%). There's also some housing in Randleman built between 1940-1969 ( 11.06%).
Appreciation rates for homes in Randleman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.40%, which ranks in the top 30% nationwide. This equates to an annual average Randleman house appreciation rate of 7.36%.
Appreciation rates are so strong in Randleman that despite a nationwide downturn in the housing market, Randleman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Randleman appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 76.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Randleman. Randleman 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 Randleman's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
$208,051
for North carolina
for nation
1,523
$1,392 / per month