Roxboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Roxboro Neighborhoods Since 2000




Roxboro, 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

Roxboro Housing Market Information

With a population of 8,334, 3,218 total housing units (homes and apartments), and a median house value of $126,529, house prices in Roxboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Roxboro, accounting for 57.35% of the city's housing units. Other types of housing that are prevalent in Roxboro include duplexes, homes converted to apartments or other small apartment buildings ( 18.19%), mobile homes or trailers ( 13.31%), and a few large apartment complexes or high rise apartments ( 8.94%).

Roxboro is dominated by renter-occupied one, two, or no bedrooms apartments. 67.17% of Roxboro's dwellings are rentals.

There is a lot of housing in Roxboro 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 Roxboro built between 1940-1969 ( 37.32%). A lesser amount of the housing stock also hails from before 1939 ( 13.10%). There's also some housing in Roxboro built between 2000 and later ( 6.26%).

Vacant housing appears to be an issue in Roxboro. Fully 16.37% of the housing stock is classified as vacant. Left unchecked, vacant Roxboro homes and apartments can be a drag on the real estate market, holding Roxboro 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.

Roxboro Home Appreciation Rates

Roxboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roxboro during the period has been just -0.80%, which is lower than 70% of US communities.

Over the last year, Roxboro appreciation rates have trailed the rest of the nation. In the last twelve months, Roxboro's appreciation rate has been 0.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roxboro were at 0.02%, which equates to an annual appreciation rate of 0.08%.

Relative to North Carolina, our data show that Roxboro's latest annual appreciation rate is lower than 70% 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 Roxboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roxboro - 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 Roxboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$126,529

Roxboro, NC HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.5
$515,001 - $773,000 1.0
$412,001 - $515,000 1.7
$309,001 - $412,000 2.5
$206,001 - $309,000 10.4
$103,001 - $206,000 38.5
$51,001 - $103,000 35.5
$0 - $51,000 9.9

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
61.6752607523731 57.1687840290381

Number Of Homes And Apartments:
3,218

Roxboro 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
5.22% 0.30% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$780 / per month

Homeownership Rate

Homeownership
Owners 32.83
Renters 67.17
Vacant 16.37

Housing Market Details

 

Age of Homes

AGE OF Roxboro HOMES
2000 or Newer 6.3
1970 - 1999 43.3
1940 - 1969 37.3
1939 or Older 13.1

Types of Homes

TYPE OF Roxboro HOMES
Single-Family 57.4
Townhomes 2.2
Small Apt. Buildings 18.2
Apt. Complexes 8.9
Mobile Homes 13.3
Other 0.0

Home Size

SIZE OF Roxboro HOMES
No Bedroom 1.25
1 Bedroom 9.23
2 Bedrooms 40.38
3 Bedrooms 36.20
4 Bedrooms 11.30
5 or more bedrooms 1.64