Timberlake, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Timberlake, 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

Timberlake Housing Market Information

With a population of 11,538, 2,497 total housing units (homes and apartments), and a median house value of $137,177, house prices in Timberlake are solidly below the national average.

Single-family detached homes are the single most common housing type in Timberlake, accounting for 74.82% of the town's housing units. Other types of housing that are prevalent in Timberlake include mobile homes or trailers ( 25.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Timberlake. Owner-occupied housing accounts for 85.88% of Timberlake's homes, and 78.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Timberlake 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 Timberlake built between 2000 and later ( 30.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.01%). There's also some housing in Timberlake built before 1939 ( 5.26%).

Timberlake Home Appreciation Rates

Real estate appreciation rates in Timberlake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.38% during the period.

Over the last year, Timberlake appreciation rates have trailed the rest of the nation. In the last twelve months, Timberlake's appreciation rate has been 1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Timberlake were at 0.02%, which equates to an annual appreciation rate of 0.08%.

Relative to North Carolina, our data show that Timberlake's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$137,177

Timberlake, NC HOME PRICES

Value Range
> $1,042,000 0.2
$781,001 - $1,042,000 1.5
$521,001 - $781,000 1.8
$417,001 - $521,000 0.2
$313,001 - $417,000 6.2
$208,001 - $313,000 14.6
$104,001 - $208,000 39.1
$52,001 - $104,000 25.6
$0 - $52,000 10.8

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
56.1584436892066 50.453720508167

Number Of Homes And Apartments:
2,497

Timberlake 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
12.85% 0.70% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$924 / per month

Homeownership Rate

Homeownership
Owners 85.88
Renters 14.12
Vacant 8.10

Housing Market Details

 

Age of Homes

AGE OF Timberlake HOMES
2000 or Newer 30.2
1970 - 1999 51.6
1940 - 1969 13.0
1939 or Older 5.3

Types of Homes

TYPE OF Timberlake HOMES
Single-Family 74.8
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.1
Mobile Homes 25.0
Other 0.0

Home Size

SIZE OF Timberlake HOMES
No Bedroom 0.35
1 Bedroom 0.00
2 Bedrooms 19.74
3 Bedrooms 68.63
4 Bedrooms 9.96
5 or more bedrooms 1.32

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Zip Codes in Timberlake, NC