Rural Hall, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rural Hall Neighborhoods Since 2000




Rural Hall, 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

Rural Hall Housing Market Information

With 3,126 people, 1,410 houses or apartments, and a median cost of homes of $146,508, Rural Hall real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rural Hall, accounting for 61.20% of the town's housing units. Other types of housing that are prevalent in Rural Hall include large apartment complexes or high rise apartments ( 33.27%), mobile homes or trailers ( 3.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.36%).

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

There is a lot of housing in Rural Hall 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 Rural Hall built between 1940-1969 ( 34.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.57%). There's also some housing in Rural Hall built before 1939 ( 2.56%).

Rural Hall Home Appreciation Rates

Real estate appreciation rates in Rural Hall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

Over the last year, Rural Hall appreciation rates have trailed the rest of the nation. In the last twelve months, Rural Hall's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rural Hall were at -1.84%, which equates to an annual appreciation rate of -7.17%.

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

Relative to North Carolina, our data show that Rural Hall's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$146,508

Rural Hall, NC HOME PRICES

Value Range
> $1,040,000 0.4
$779,001 - $1,040,000 0.0
$520,001 - $779,000 1.6
$416,001 - $520,000 0.0
$312,001 - $416,000 1.5
$208,001 - $312,000 9.7
$104,001 - $208,000 62.7
$52,001 - $104,000 18.4
$0 - $52,000 5.7

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.5293566154928 44.6460980036298

Number Of Homes And Apartments:
1,410

Rural Hall 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
9.15% 0.51% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$915 / per month

Homeownership Rate

Homeownership
Owners 60.78
Renters 39.22
Vacant 4.86

Housing Market Details

 

Age of Homes

AGE OF Rural Hall HOMES
2000 or Newer 25.6
1970 - 1999 37.8
1940 - 1969 34.1
1939 or Older 2.6

Types of Homes

TYPE OF Rural Hall HOMES
Single-Family 61.2
Townhomes 0.0
Small Apt. Buildings 2.4
Apt. Complexes 33.3
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Rural Hall HOMES
No Bedroom 0.00
1 Bedroom 10.19
2 Bedrooms 39.61
3 Bedrooms 45.95
4 Bedrooms 3.10
5 or more bedrooms 1.15

Popular Neighborhoods in Rural Hall

Zip Codes in Rural Hall, NC