State Road, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating State Road Neighborhoods Since 2000




State Road, 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

State Road Housing Market Information

With 4,704 people, 1,043 houses or apartments, and a median cost of homes of $105,818, house prices in State Road are solidly below the national average.

Single-family detached homes are the single most common housing type in State Road, accounting for 70.86% of the town's housing units. Other types of housing that are prevalent in State Road include mobile homes or trailers ( 26.24%), large apartment complexes or high rise apartments ( 1.27%), and a few row houses and other attached homes ( 1.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in State Road. Owner-occupied housing accounts for 74.78% of State Road's homes, and 63.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in State Road 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 State Road built between 1940-1969 ( 28.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.54%). There's also some housing in State Road built before 1939 ( 4.14%).

Vacant housing appears to be an issue in State Road. Fully 15.16% of the housing stock is classified as vacant. Left unchecked, vacant State Road homes and apartments can be a drag on the real estate market, holding State Road 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.

State Road Home Appreciation Rates

Real estate appreciation rates in State Road's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.03% during the period.

Over the last year, State Road appreciation rates have trailed the rest of the nation. In the last twelve months, State Road's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in State Road were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$105,818

State Road, NC HOME PRICES

Value Range
> $1,053,000 1.1
$790,001 - $1,053,000 0.4
$526,001 - $790,000 2.1
$421,001 - $526,000 1.1
$316,001 - $421,000 4.7
$211,001 - $316,000 11.5
$105,001 - $211,000 35.6
$52,001 - $105,000 28.0
$0 - $52,000 15.5

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
73.7372553615376 75.8620689655172

Number Of Homes And Apartments:
1,043

State Road 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
36.97% 1.84% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 74.78
Renters 25.22
Vacant 15.16

Housing Market Details

 

Age of Homes

AGE OF State Road HOMES
2000 or Newer 14.5
1970 - 1999 52.6
1940 - 1969 28.8
1939 or Older 4.1

Types of Homes

TYPE OF State Road HOMES
Single-Family 70.9
Townhomes 1.1
Small Apt. Buildings 0.5
Apt. Complexes 1.3
Mobile Homes 26.2
Other 0.0

Home Size

SIZE OF State Road HOMES
No Bedroom 1.27
1 Bedroom 1.48
2 Bedrooms 32.47
3 Bedrooms 53.77
4 Bedrooms 9.35
5 or more bedrooms 1.66