Rowland, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rowland, 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

Rowland Housing Market Information

With a population of 1,050, 469 total housing units (homes and apartments), and a median house value of $63,308, 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 72.14% of the town's housing units. Other types of housing that are prevalent in Rowland include mobile homes or trailers ( 13.28%), duplexes, homes converted to apartments or other small apartment buildings ( 9.23%), and a few large apartment complexes or high rise apartments ( 4.06%).

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 50.11% owning and 49.89% 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. Rowland's housing was primarily built during this period, from the '40s through the '60s. A full 41.14% of the town's housing hails from this era. Other housing ages represented in Rowland include homes built between 1970-1999 ( 37.82%) and housing constructed before 1939 ( 17.53%). There's also some housing in Rowland built between 2000 and later ( 3.51%).

Vacant housing appears to be an issue in Rowland. Fully 13.47% 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

Rowland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rowland during the period has been just -1.65%, which is lower than 80% of US communities.

Over the last year, Rowland appreciation rates have trailed the rest of the nation. In the last twelve months, Rowland's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rowland were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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:
$63,308

Rowland, NC HOME PRICES

Value Range
> $1,026,000 0.0
$769,001 - $1,026,000 0.0
$513,001 - $769,000 0.0
$410,001 - $513,000 0.0
$308,001 - $410,000 0.0
$205,001 - $308,000 4.1
$102,001 - $205,000 16.4
$52,001 - $102,000 40.1
$0 - $52,000 39.5

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
97.2752841907887 99.6370235934664

Number Of Homes And Apartments:
469

Rowland 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
21.38% 1.13% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$774 / per month

Homeownership Rate

Homeownership
Owners 50.11
Renters 49.89
Vacant 13.47

Housing Market Details

 

Age of Homes

AGE OF Rowland HOMES
2000 or Newer 3.5
1970 - 1999 37.8
1940 - 1969 41.1
1939 or Older 17.5

Types of Homes

TYPE OF Rowland HOMES
Single-Family 72.1
Townhomes 1.3
Small Apt. Buildings 9.2
Apt. Complexes 4.1
Mobile Homes 13.3
Other 0.0

Home Size

SIZE OF Rowland HOMES
No Bedroom 0.00
1 Bedroom 10.70
2 Bedrooms 26.01
3 Bedrooms 43.36
4 Bedrooms 15.50
5 or more bedrooms 4.43

Popular Neighborhoods in Rowland

Zip Codes in Rowland, NC