Statesville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Statesville Neighborhoods Since 2000




Statesville, NC Real Estate Data


Statesville Housing Market Information

With a population of 26,221, 9,527 total housing units (homes and apartments), and a median house value of $148,196, Statesville 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 Statesville, accounting for 65.60% of the city's housing units. Other types of housing that are prevalent in Statesville include large apartment complexes or high rise apartments ( 18.92%), duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), and a few row houses and other attached homes ( 2.44%).

The most prevalent building size and type in Statesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.72% owning and 53.28% renting.

There is a lot of housing in Statesville 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 Statesville built between 1940-1969 ( 35.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.70%). There's also some housing in Statesville built before 1939 ( 10.93%).

Vacant housing appears to be an issue in Statesville. Fully 16.96% of the housing stock is classified as vacant. Left unchecked, vacant Statesville homes and apartments can be a drag on the real estate market, holding Statesville 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.

Statesville Home Appreciation Rates

Appreciation rates for homes in Statesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.31%, which ranks in the top 50% nationwide. This equates to an annual average Statesville house appreciation rate of 0.52%.

Appreciation rates are so strong in Statesville that despite a nationwide downturn in the housing market, Statesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Statesville appreciation rates continue to be some of the highest in America, at 7.18%, which is higher than appreciation rates in 86.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Statesville. Statesville appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.43%.

Relative to North Carolina, our data show that Statesville's latest annual appreciation rate is higher than 80% 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 Statesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Statesville - 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 Statesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$148,196

Statesville, NC HOME PRICES

Value Range
> $1,147,000 0.8
$860,001 - $1,147,000 0.9
$573,001 - $860,000 1.4
$459,001 - $573,000 2.2
$344,001 - $459,000 3.4
$230,001 - $344,000 11.7
$115,001 - $230,000 37.5
$57,001 - $115,000 30.6
$0 - $57,000 11.4

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.6484159981261 46.2794918330309

Number Of Homes And Apartments:
9,527

Rent & Ownership

 

Average Market Rent:
$923 / per month

Homeownership Rate

Homeownership
Owners 46.72
Renters 53.28
Vacant 16.96

Housing Market Details

 

Age of Homes

AGE OF Statesville HOMES
2000 or Newer 13.7
1970 - 1999 39.8
1940 - 1969 35.6
1939 or Older 10.9

Types of Homes

TYPE OF Statesville HOMES
Single-Family 65.6
Townhomes 2.4
Small Apt. Buildings 11.6
Apt. Complexes 18.9
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Statesville HOMES
No Bedroom 6.17
1 Bedroom 8.59
2 Bedrooms 31.31
3 Bedrooms 40.68
4 Bedrooms 10.24
5 or more bedrooms 3.01

Statesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
23.49% 1.25% 5 2
* 10 is highest