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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rowland, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rowland, NC Housing Market Trends

With a population of 884, 468 total housing units (homes and apartments), and a median house value of $105,041, house prices in Rowland are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Rowland, accounting for 82.85% of the town's housing units. Other types of housing that are prevalent in Rowland include mobile homes or trailers ( 8.48%), duplexes, homes converted to apartments or other small apartment buildings ( 6.68%), and a few large apartment complexes or high rise apartments ( 1.99%).

The most prevalent building size and type in Rowland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.82% owning and 37.18% renting.

There is a lot of housing in Rowland 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 Rowland built between 1940-1969 ( 42.78%). A lesser amount of the housing stock also hails from before 1939 ( 8.12%). There's also some housing in Rowland built between 2000 and later ( 2.71%).

Vacant housing appears to be an issue in Rowland. Fully 15.52% of the housing stock is classified as vacant. Left unchecked, vacant Rowland homes and apartments can be a drag on the real estate market, holding Rowland 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.

Rowland Home Appreciation Rates

Real estate appreciation rates in Rowland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.

Appreciation rates are so strong in Rowland that despite a nationwide downturn in the housing market, Rowland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rowland appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 76.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rowland. Rowland appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.

Relative to North Carolina, our data show that Rowland's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$105,041

Rowland, NC Home Prices
> $1,242,000
$931,001 - $1,242,000
$621,001 - $931,000
$497,001 - $621,000
$372,001 - $497,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
2.0%
2.0%
0.9%
0.9%
5.7%
5.7%
4.7%
4.7%
23.0%
23.0%
32.5%
32.5%
31.2%
31.2%
0% 100.0%
% of Homes
Very Low

for North carolina

Very Low

for nation

Number of Homes And Apartments:

468

Rowland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,164 / per month

Homeownership Rate

Owners
Renters
62.8%
62.8%
37.2%
37.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.5%
15.5%
84.5%
84.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.7%
2.7%
46.4%
46.4%
42.8%
42.8%
8.1%
8.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.9%
82.9%
0.0%
0.0%
6.7%
6.7%
2.0%
2.0%
8.5%
8.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.1%
6.1%
3.6%
3.6%
19.0%
19.0%
49.6%
49.6%
6.3%
6.3%
15.3%
15.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Rowland

Zip Codes in Rowland, NC