Statesville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Statesville Neighborhoods Since 2000




Statesville, 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

Statesville Housing Market Information

With 26,221 people, 9,457 houses or apartments, and a median cost of homes of $144,366, 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 67.52% of the city's housing units. Other types of housing that are prevalent in Statesville include large apartment complexes or high rise apartments ( 18.34%), duplexes, homes converted to apartments or other small apartment buildings ( 10.64%), and a few row houses and other attached homes ( 2.62%).

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 48.03% owning and 51.97% 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 ( 35.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.49%). There's also some housing in Statesville built before 1939 ( 12.53%).

Vacant housing appears to be an issue in Statesville. Fully 16.99% 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

Real estate appreciation rates in Statesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

NeighborhoodScout's data show that during the latest twelve months, Statesville's appreciation rate, at 3.86%, has been at or slightly above the national average. In the latest quarter, Statesville's appreciation rate has been 1.88%, which annualizes to a rate of 7.72%.

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

Relative to North Carolina, our data show that Statesville's latest annual appreciation rate is higher than 60% 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:
$144,366

Statesville, NC HOME PRICES

Value Range
> $1,107,000 0.7
$830,001 - $1,107,000 0.4
$553,001 - $830,000 1.4
$443,001 - $553,000 1.6
$332,001 - $443,000 3.8
$221,001 - $332,000 9.2
$111,001 - $221,000 40.2
$55,001 - $111,000 31.4
$0 - $55,000 11.3

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
52.5723661080511 46.0980036297641

Number Of Homes And Apartments:
9,457

Statesville 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
17.14% 0.92% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,006 / per month

Homeownership Rate

Homeownership
Owners 48.03
Renters 51.97
Vacant 16.99

Housing Market Details

 

Age of Homes

AGE OF Statesville HOMES
2000 or Newer 14.5
1970 - 1999 37.5
1940 - 1969 35.5
1939 or Older 12.5

Types of Homes

TYPE OF Statesville HOMES
Single-Family 67.5
Townhomes 2.6
Small Apt. Buildings 10.6
Apt. Complexes 18.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Statesville HOMES
No Bedroom 5.81
1 Bedroom 8.63
2 Bedrooms 31.15
3 Bedrooms 40.20
4 Bedrooms 10.76
5 or more bedrooms 3.45