Stanley, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stanley, 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

Stanley Housing Market Information

With a population of 3,685, 1,380 total housing units (homes and apartments), and a median house value of $147,564, Stanley 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 Stanley, accounting for 81.40% of the town's housing units. Other types of housing that are prevalent in Stanley include duplexes, homes converted to apartments or other small apartment buildings ( 6.98%), large apartment complexes or high rise apartments ( 5.81%), and a few mobile homes or trailers ( 2.97%).

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

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. Stanley's housing was primarily built during this period, from the '40s through the '60s. A full 39.53% of the town's housing hails from this era. Other housing ages represented in Stanley include homes built between 1970-1999 ( 37.66%) and housing constructed between 2000 and later ( 15.25%). There's also some housing in Stanley built before 1939 ( 7.56%).

Vacant housing appears to be an issue in Stanley. Fully 10.85% of the housing stock is classified as vacant. Left unchecked, vacant Stanley homes and apartments can be a drag on the real estate market, holding Stanley 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.

Stanley Home Appreciation Rates

Appreciation rates for homes in Stanley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.46%, which ranks in the top 50% nationwide. This equates to an annual average Stanley house appreciation rate of 0.34%.

NeighborhoodScout's data show that during the latest twelve months, Stanley's appreciation rate, at 4.79%, has been at or slightly above the national average. In the latest quarter, Stanley's appreciation rate has been 1.88%, which annualizes to a rate of 7.72%.

Importantly, this makes Stanley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Stanley's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$147,564

Stanley, NC HOME PRICES

Value Range
> $1,137,000 0.0
$853,001 - $1,137,000 1.1
$569,001 - $853,000 0.5
$455,001 - $569,000 0.4
$341,001 - $455,000 4.1
$227,001 - $341,000 15.7
$114,001 - $227,000 42.5
$57,001 - $114,000 24.1
$0 - $57,000 11.6

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.0723075120122 43.9201451905626

Number Of Homes And Apartments:
1,380

Stanley 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
19.67% 1.05% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 64.91
Renters 35.09
Vacant 10.85

Housing Market Details

 

Age of Homes

AGE OF Stanley HOMES
2000 or Newer 15.2
1970 - 1999 37.7
1940 - 1969 39.5
1939 or Older 7.6

Types of Homes

TYPE OF Stanley HOMES
Single-Family 81.4
Townhomes 2.8
Small Apt. Buildings 7.0
Apt. Complexes 5.8
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Stanley HOMES
No Bedroom 3.81
1 Bedroom 8.40
2 Bedrooms 37.60
3 Bedrooms 36.63
4 Bedrooms 10.72
5 or more bedrooms 2.84