Robbins, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Robbins, NC Real Estate Data


Robbins Housing Market Information

With 1,184 people, 343 houses or apartments, and a median cost of homes of $120,758, house prices in Robbins are solidly below the national average.

Single-family detached homes are the single most common housing type in Robbins, accounting for 79.68% of the town's housing units. Other types of housing that are prevalent in Robbins include mobile homes or trailers ( 10.26%), duplexes, homes converted to apartments or other small apartment buildings ( 4.73%), and a few large apartment complexes or high rise apartments ( 3.75%).

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

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. Robbins's housing was primarily built during this period, from the '40s through the '60s. A full 60.75% of the town's housing hails from this era. Other housing ages represented in Robbins include homes built between 1970-1999 ( 21.10%) and housing constructed before 1939 ( 14.79%). There's also some housing in Robbins built between 2000 and later ( 3.35%).

Vacant housing appears to be an issue in Robbins. Fully 32.35% of the housing stock is classified as vacant. Left unchecked, vacant Robbins homes and apartments can be a drag on the real estate market, holding Robbins 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.

Robbins Home Appreciation Rates

In the last 10 years, Robbins has experienced some of the highest home appreciation rates of any community in the nation. Robbins real estate appreciated 20.68% over the last ten years, which is an average annual home appreciation rate of 1.90%, putting Robbins in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Robbins definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Robbins that despite a nationwide downturn in the housing market, Robbins real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Robbins appreciation rates continue to be some of the highest in America, at 7.74%, which is higher than appreciation rates in 90.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Robbins. Robbins appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.04%.

Notably, Robbins's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$120,758

Robbins, NC HOME PRICES

Value Range
> $1,144,000 0.0
$858,001 - $1,144,000 0.7
$572,001 - $858,000 1.3
$457,001 - $572,000 0.0
$343,001 - $457,000 3.4
$228,001 - $343,000 8.5
$114,001 - $228,000 37.2
$57,001 - $114,000 30.1
$0 - $57,000 18.7

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
65.9132166071324 64.97277676951

Number Of Homes And Apartments:
343

Rent & Ownership

 

Average Market Rent:
$546 / per month

Homeownership Rate

Homeownership
Owners 56.71
Renters 43.29
Vacant 32.35

Housing Market Details

 

Age of Homes

AGE OF Robbins HOMES
2000 or Newer 3.4
1970 - 1999 21.1
1940 - 1969 60.7
1939 or Older 14.8

Types of Homes

TYPE OF Robbins HOMES
Single-Family 79.7
Townhomes 1.6
Small Apt. Buildings 4.7
Apt. Complexes 3.7
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Robbins HOMES
No Bedroom 0.59
1 Bedroom 10.45
2 Bedrooms 39.25
3 Bedrooms 37.67
4 Bedrooms 8.68
5 or more bedrooms 3.35

Robbins Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.99% 1.65% 6 3
* 10 is highest

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