Trinity, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Trinity, 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

Trinity Housing Market Information

With a population of 6,669, 2,590 total housing units (homes and apartments), and a median house value of $132,414, house prices in Trinity are solidly below the national average.

Single-family detached homes are the single most common housing type in Trinity, accounting for 86.83% of the city's housing units. Other types of housing that are prevalent in Trinity include mobile homes or trailers ( 10.38%), duplexes, homes converted to apartments or other small apartment buildings ( 1.62%), and a few row houses and other attached homes ( 1.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Trinity. Owner-occupied housing accounts for 83.63% of Trinity's homes, and 79.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Trinity 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 Trinity built between 1940-1969 ( 24.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.94%). There's also some housing in Trinity built before 1939 ( 1.27%).

Trinity Home Appreciation Rates

Trinity's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Trinity during the period has been just -0.86%, which is lower than 70% of US communities.

Over the last year, Trinity appreciation rates have trailed the rest of the nation. In the last twelve months, Trinity's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trinity were at 0.02%, which equates to an annual appreciation rate of 0.09%.

Relative to North Carolina, our data show that Trinity's latest annual appreciation rate is lower than 70% 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 Trinity differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Trinity - 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 Trinity real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$132,414

Trinity, NC HOME PRICES

Value Range
> $1,057,000 0.0
$792,001 - $1,057,000 0.0
$528,001 - $792,000 1.1
$422,001 - $528,000 2.9
$317,001 - $422,000 7.2
$211,001 - $317,000 8.8
$106,001 - $211,000 47.2
$53,001 - $106,000 18.7
$0 - $53,000 14.1

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
58.5433024727528 53.1760435571688

Number Of Homes And Apartments:
2,590

Trinity 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
3.56% 0.20% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$770 / per month

Homeownership Rate

Homeownership
Owners 83.63
Renters 16.37
Vacant 8.58

Housing Market Details

 

Age of Homes

AGE OF Trinity HOMES
2000 or Newer 10.9
1970 - 1999 63.5
1940 - 1969 24.3
1939 or Older 1.3

Types of Homes

TYPE OF Trinity HOMES
Single-Family 86.8
Townhomes 1.2
Small Apt. Buildings 1.6
Apt. Complexes 0.0
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Trinity HOMES
No Bedroom 0.46
1 Bedroom 2.01
2 Bedrooms 12.04
3 Bedrooms 61.67
4 Bedrooms 18.32
5 or more bedrooms 5.51