Taylorsville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Taylorsville, NC Real Estate Data


Taylorsville Housing Market Information

With a population of 2,078, 747 total housing units (homes and apartments), and a median house value of $117,665, 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 58.21% 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 ( 15.67%), mobile homes or trailers ( 13.01%), and a few large apartment complexes or high rise apartments ( 12.73%).

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 ( 31.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.80%). There's also some housing in Taylorsville built before 1939 ( 11.97%).

Vacant housing appears to be an issue in Taylorsville. Fully 29.06% 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

Real estate appreciation rates in Taylorsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.04% during the period.

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 2.85%, 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 1.27%, which equates to an annual appreciation rate of 5.20%.

Relative to North Carolina, our data show that Taylorsville's latest annual appreciation rate is lower 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 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:
$117,665

Taylorsville, NC HOME PRICES

Value Range
> $1,097,000 0.1
$823,001 - $1,097,000 0.0
$549,001 - $823,000 0.5
$439,001 - $549,000 1.7
$329,001 - $439,000 1.9
$219,001 - $329,000 7.5
$110,001 - $219,000 39.0
$55,001 - $110,000 29.8
$0 - $55,000 19.5

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
67.6933887685191 67.3321234119782

Number Of Homes And Apartments:
747

Rent & Ownership

 

Average Market Rent:
$620 / per month

Homeownership Rate

Homeownership
Owners 41.21
Renters 58.79
Vacant 29.06

Housing Market Details

 

Age of Homes

AGE OF Taylorsville HOMES
2000 or Newer 18.8
1970 - 1999 37.3
1940 - 1969 31.9
1939 or Older 12.0

Types of Homes

TYPE OF Taylorsville HOMES
Single-Family 58.2
Townhomes 0.4
Small Apt. Buildings 15.7
Apt. Complexes 12.7
Mobile Homes 13.0
Other 0.0

Home Size

SIZE OF Taylorsville HOMES
No Bedroom 0.95
1 Bedroom 10.92
2 Bedrooms 43.21
3 Bedrooms 35.90
4 Bedrooms 7.88
5 or more bedrooms 1.14

Taylorsville 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
21.47% 1.15% 4 2
* 10 is highest