Taylorsville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Taylorsville, 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

Taylorsville Housing Market Information

With a population of 2,078, 794 total housing units (homes and apartments), and a median house value of $96,413, house prices in Taylorsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Taylorsville, accounting for 54.48% of the town's housing units. Other types of housing that are prevalent in Taylorsville include duplexes, homes converted to apartments or other small apartment buildings ( 16.47%), mobile homes or trailers ( 14.62%), and a few large apartment complexes or high rise apartments ( 13.06%).

People in Taylorsville primarily live in small (one, two or no bedroom) single-family detached homes. Taylorsville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Taylorsville 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 Taylorsville built between 1940-1969 ( 26.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.05%). There's also some housing in Taylorsville built before 1939 ( 10.92%).

Vacant housing appears to be an issue in Taylorsville. Fully 22.61% of the housing stock is classified as vacant. Left unchecked, vacant Taylorsville homes and apartments can be a drag on the real estate market, holding Taylorsville 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.

Taylorsville Home Appreciation Rates

Taylorsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Taylorsville during the period has been just -1.67%, which is lower than 80% of US communities.

Over the last year, Taylorsville appreciation rates have trailed the rest of the nation. In the last twelve months, Taylorsville's appreciation rate has been -3.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Taylorsville were at -1.33%, which equates to an annual appreciation rate of -5.22%.

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

Relative to North Carolina, our data show that Taylorsville's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Taylorsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Taylorsville - 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 Taylorsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$96,413

Taylorsville, NC HOME PRICES

Value Range
> $993,000 0.2
$745,001 - $993,000 0.0
$496,001 - $745,000 0.3
$397,001 - $496,000 1.6
$298,001 - $397,000 1.2
$199,001 - $298,000 6.6
$99,001 - $199,000 37.3
$50,001 - $99,000 29.1
$0 - $50,000 23.8

Very Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
79.9132778624165 82.032667876588

Number Of Homes And Apartments:
794

Taylorsville 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
7.71% 0.43% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$744 / per month

Homeownership Rate

Homeownership
Owners 41.09
Renters 58.91
Vacant 22.61

Housing Market Details

 

Age of Homes

AGE OF Taylorsville HOMES
2000 or Newer 21.1
1970 - 1999 42.0
1940 - 1969 26.0
1939 or Older 10.9

Types of Homes

TYPE OF Taylorsville HOMES
Single-Family 54.5
Townhomes 1.4
Small Apt. Buildings 16.5
Apt. Complexes 13.1
Mobile Homes 14.6
Other 0.0

Home Size

SIZE OF Taylorsville HOMES
No Bedroom 1.07
1 Bedroom 11.31
2 Bedrooms 44.35
3 Bedrooms 34.02
4 Bedrooms 7.80
5 or more bedrooms 1.46