Reidsville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reidsville, 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

Reidsville Housing Market Information

With 14,067 people, 6,247 houses or apartments, and a median cost of homes of $97,885, house prices in Reidsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Reidsville, accounting for 70.95% of the city's housing units. Other types of housing that are prevalent in Reidsville include large apartment complexes or high rise apartments ( 13.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.26%), and a few mobile homes or trailers ( 2.89%).

The most prevalent building size and type in Reidsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.64% owning and 50.36% 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. Reidsville's housing was primarily built during this period, from the '40s through the '60s. A full 37.82% of the city's housing hails from this era. Other housing ages represented in Reidsville include homes built between 1970-1999 ( 34.39%) and housing constructed before 1939 ( 15.86%). There's also some housing in Reidsville built between 2000 and later ( 11.93%).

Vacant housing appears to be an issue in Reidsville. Fully 15.66% of the housing stock is classified as vacant. Left unchecked, vacant Reidsville homes and apartments can be a drag on the real estate market, holding Reidsville 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.

Reidsville Home Appreciation Rates

Real estate appreciation rates in Reidsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Reidsville appreciation rates have trailed the rest of the nation. In the last twelve months, Reidsville's appreciation rate has been -0.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reidsville were at 0.02%, which equates to an annual appreciation rate of 0.09%.

Relative to North Carolina, our data show that Reidsville's latest annual appreciation rate is lower than 80% 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 Reidsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Reidsville - 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 Reidsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$97,885

Reidsville, NC HOME PRICES

Value Range
> $1,010,000 0.0
$758,001 - $1,010,000 0.6
$505,001 - $758,000 0.7
$404,001 - $505,000 1.2
$303,001 - $404,000 3.0
$202,001 - $303,000 11.7
$101,001 - $202,000 37.8
$50,001 - $101,000 35.7
$0 - $50,000 9.3

Very Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
78.9523028243291 80.7622504537205

Number Of Homes And Apartments:
6,247

Reidsville 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
10.77% 0.59% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 49.64
Renters 50.36
Vacant 15.66

Housing Market Details

 

Age of Homes

AGE OF Reidsville HOMES
2000 or Newer 11.9
1970 - 1999 34.4
1940 - 1969 37.8
1939 or Older 15.9

Types of Homes

TYPE OF Reidsville HOMES
Single-Family 70.9
Townhomes 0.6
Small Apt. Buildings 12.3
Apt. Complexes 13.4
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Reidsville HOMES
No Bedroom 1.11
1 Bedroom 11.87
2 Bedrooms 33.10
3 Bedrooms 44.85
4 Bedrooms 6.20
5 or more bedrooms 2.88