Sharpsburg, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sharpsburg, 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

Sharpsburg Housing Market Information

With a population of 2,003, 858 total housing units (homes and apartments), and a median house value of $200,150, Sharpsburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sharpsburg, accounting for 56.39% of the town's housing units. Other types of housing that are prevalent in Sharpsburg include duplexes, homes converted to apartments or other small apartment buildings ( 23.56%), mobile homes or trailers ( 20.04%).

The most prevalent building size and type in Sharpsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.28% owning and 48.72% renting.

There is a lot of housing in Sharpsburg 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 Sharpsburg built between 1940-1969 ( 18.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.58%).

Vacant housing appears to be an issue in Sharpsburg. Fully 13.60% of the housing stock is classified as vacant. Left unchecked, vacant Sharpsburg homes and apartments can be a drag on the real estate market, holding Sharpsburg 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.

Sharpsburg Home Appreciation Rates

Real estate appreciation rates in Sharpsburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

Over the last year, Sharpsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Sharpsburg's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sharpsburg were at 0.46%, which equates to an annual appreciation rate of 1.86%.

Relative to North Carolina, our data show that Sharpsburg's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$200,150

Sharpsburg, NC HOME PRICES

Value Range
> $1,043,000 0.7
$782,001 - $1,043,000 0.4
$521,001 - $782,000 2.8
$417,001 - $521,000 3.6
$313,001 - $417,000 9.4
$209,001 - $313,000 11.7
$104,001 - $209,000 31.8
$52,001 - $104,000 26.0
$0 - $52,000 13.5

High for NC
High for Nation

Value Relative to Nation Value Relative to State
32.2043829837103 23.2304900181488

Number Of Homes And Apartments:
858

Sharpsburg 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
13.55% 0.74% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 51.28
Renters 48.72
Vacant 13.60

Housing Market Details

 

Age of Homes

AGE OF Sharpsburg HOMES
2000 or Newer 11.6
1970 - 1999 70.4
1940 - 1969 18.0
1939 or Older 0.0

Types of Homes

TYPE OF Sharpsburg HOMES
Single-Family 56.4
Townhomes 0.0
Small Apt. Buildings 23.6
Apt. Complexes 0.0
Mobile Homes 20.0
Other 0.0

Home Size

SIZE OF Sharpsburg HOMES
No Bedroom 0.60
1 Bedroom 3.02
2 Bedrooms 36.35
3 Bedrooms 56.19
4 Bedrooms 3.83
5 or more bedrooms 0.00