Thomasville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thomasville, NC Real Estate Data


Thomasville Housing Market Information

With 27,061 people, 10,593 houses or apartments, and a median cost of homes of $122,659, house prices in Thomasville are solidly below the national average.

Single-family detached homes are the single most common housing type in Thomasville, accounting for 71.86% of the city's housing units. Other types of housing that are prevalent in Thomasville include large apartment complexes or high rise apartments ( 11.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.98%), and a few mobile homes or trailers ( 3.96%).

The most prevalent building size and type in Thomasville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.02% owning and 40.98% renting.

There is a lot of housing in Thomasville 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 Thomasville built between 1940-1969 ( 35.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Thomasville built before 1939 ( 6.90%).

Vacant housing appears to be an issue in Thomasville. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Thomasville homes and apartments can be a drag on the real estate market, holding Thomasville 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.

Thomasville Home Appreciation Rates

Real estate appreciation rates in Thomasville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.19% during the period.

NeighborhoodScout's data show that during the latest twelve months, Thomasville's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Thomasville's appreciation rate has been 1.65%, which annualizes to a rate of 6.78%.

Relative to North Carolina, our data show that Thomasville's latest annual appreciation rate is lower than 50% 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 Thomasville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Thomasville - 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 Thomasville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$122,659

Thomasville, NC HOME PRICES

Value Range
> $1,084,000 1.0
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.4
$433,001 - $542,000 1.0
$325,001 - $433,000 1.8
$217,001 - $325,000 7.1
$108,001 - $217,000 46.0
$54,001 - $108,000 33.9
$0 - $54,000 9.0

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
64.736194882005 62.9764065335753

Number Of Homes And Apartments:
10,593

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 59.02
Renters 40.98
Vacant 11.66

Housing Market Details

 

Age of Homes

AGE OF Thomasville HOMES
2000 or Newer 15.2
1970 - 1999 42.2
1940 - 1969 35.7
1939 or Older 6.9

Types of Homes

TYPE OF Thomasville HOMES
Single-Family 71.9
Townhomes 3.1
Small Apt. Buildings 10.0
Apt. Complexes 11.1
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Thomasville HOMES
No Bedroom 1.28
1 Bedroom 8.41
2 Bedrooms 35.23
3 Bedrooms 47.18
4 Bedrooms 7.26
5 or more bedrooms 0.63

Thomasville 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
11.15% 0.62% 2 1
* 10 is highest