Stokesdale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Stokesdale Neighborhoods Since 2000




Stokesdale, 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

Stokesdale Housing Market Information

With a population of 5,340, 1,796 total housing units (homes and apartments), and a median house value of $184,713, Stokesdale real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stokesdale, accounting for 89.70% of the town's housing units. Other types of housing that are prevalent in Stokesdale include mobile homes or trailers ( 8.18%), large apartment complexes or high rise apartments ( 1.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stokesdale. Owner-occupied housing accounts for 84.11% of Stokesdale's homes, and 71.07% have either three or four bedrooms, which is average sized relative to America.

Stokesdale homes and real estate are some of the newest in America. 41.35% of Stokesdale's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Stokesdale real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.28%), and between 1940-1969 ( 15.97%). There's also some housing in Stokesdale built before 1939 ( 3.40%).

Vacant housing appears to be an issue in Stokesdale. Fully 11.48% of the housing stock is classified as vacant. Left unchecked, vacant Stokesdale homes and apartments can be a drag on the real estate market, holding Stokesdale 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.

Stokesdale Home Appreciation Rates

Appreciation rates for homes in Stokesdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.01%, which ranks in the top 50% nationwide. This equates to an annual average Stokesdale house appreciation rate of 0.10%.

Over the last year, Stokesdale appreciation rates have trailed the rest of the nation. In the last twelve months, Stokesdale's appreciation rate has been 2.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stokesdale were at 0.02%, which equates to an annual appreciation rate of 0.09%.

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

Average Home Values

 

Median Home Value:
$184,713

Stokesdale, NC HOME PRICES

Value Range
> $1,071,000 0.1
$803,001 - $1,071,000 0.8
$535,001 - $803,000 3.3
$428,001 - $535,000 3.3
$321,001 - $428,000 12.8
$214,001 - $321,000 22.0
$107,001 - $214,000 46.5
$53,001 - $107,000 8.9
$0 - $53,000 2.2

High for NC
High for Nation

Value Relative to Nation Value Relative to State
36.4877534278683 27.9491833030853

Number Of Homes And Apartments:
1,796

Stokesdale 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
22.52% 1.18% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 84.11
Renters 15.89
Vacant 11.48

Housing Market Details

 

Age of Homes

AGE OF Stokesdale HOMES
2000 or Newer 41.4
1970 - 1999 39.3
1940 - 1969 16.0
1939 or Older 3.4

Types of Homes

TYPE OF Stokesdale HOMES
Single-Family 89.7
Townhomes 0.4
Small Apt. Buildings 0.0
Apt. Complexes 1.7
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Stokesdale HOMES
No Bedroom 0.00
1 Bedroom 2.91
2 Bedrooms 22.57
3 Bedrooms 52.54
4 Bedrooms 18.53
5 or more bedrooms 3.45