Stoneville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stoneville, NC Real Estate Data


Stoneville Housing Market Information

With a population of 1,038, 541 total housing units (homes and apartments), and a median house value of $109,318, house prices in Stoneville are solidly below the national average.

Single-family detached homes are the single most common housing type in Stoneville, accounting for 76.37% of the town's housing units. Other types of housing that are prevalent in Stoneville include mobile homes or trailers ( 11.42%), large apartment complexes or high rise apartments ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stoneville. Owner-occupied housing accounts for 65.99% of Stoneville's homes, and 50.08% have either three or four bedrooms, which is average sized relative to America.

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. Stoneville's housing was primarily built during this period, from the '40s through the '60s. A full 51.64% of the town's housing hails from this era. Other housing ages represented in Stoneville include homes built between 1970-1999 ( 31.61%) and housing constructed before 1939 ( 9.55%). There's also some housing in Stoneville built between 2000 and later ( 7.20%).

Vacant housing appears to be an issue in Stoneville. Fully 15.34% of the housing stock is classified as vacant. Left unchecked, vacant Stoneville homes and apartments can be a drag on the real estate market, holding Stoneville 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.

Stoneville Home Appreciation Rates

Real estate appreciation rates in Stoneville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.07% during the period.

Over the last year, Stoneville appreciation rates have trailed the rest of the nation. In the last twelve months, Stoneville's appreciation rate has been 3.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stoneville were at 1.76%, which equates to an annual appreciation rate of 7.22%.

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

Average Home Values

 

Median Home Value:
$109,318

Stoneville, NC HOME PRICES

Value Range
> $1,062,000 0.3
$798,001 - $1,062,000 0.0
$531,001 - $798,000 0.0
$425,001 - $531,000 0.3
$318,001 - $425,000 4.0
$213,001 - $318,000 10.4
$106,001 - $213,000 35.9
$53,001 - $106,000 32.6
$0 - $53,000 16.5

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
72.8699420272882 73.3212341197822

Number Of Homes And Apartments:
541

Rent & Ownership

 

Average Market Rent:
$650 / per month

Homeownership Rate

Homeownership
Owners 65.99
Renters 34.01
Vacant 15.34

Housing Market Details

 

Age of Homes

AGE OF Stoneville HOMES
2000 or Newer 7.2
1970 - 1999 31.6
1940 - 1969 51.6
1939 or Older 9.5

Types of Homes

TYPE OF Stoneville HOMES
Single-Family 76.4
Townhomes 0.0
Small Apt. Buildings 3.8
Apt. Complexes 8.5
Mobile Homes 11.4
Other 0.0

Home Size

SIZE OF Stoneville HOMES
No Bedroom 0.00
1 Bedroom 7.04
2 Bedrooms 42.88
3 Bedrooms 44.44
4 Bedrooms 5.63
5 or more bedrooms 0.00

Stoneville 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
23.04% 1.23% 5 2
* 10 is highest

Popular Neighborhoods in Stoneville

Zip Codes in Stoneville, NC