Tryon, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tryon Neighborhoods Since 2000




Tryon, 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

Tryon Housing Market Information

With a population of 1,632, 853 total housing units (homes and apartments), and a median house value of $229,289, Tryon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tryon, accounting for 65.75% of the town's housing units. Other types of housing that are prevalent in Tryon include duplexes, homes converted to apartments or other small apartment buildings ( 16.35%), large apartment complexes or high rise apartments ( 12.86%), and a few mobile homes or trailers ( 2.57%).

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

There is a lot of housing in Tryon 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 Tryon built between 1940-1969 ( 30.12%). A lesser amount of the housing stock also hails from before 1939 ( 27.27%). There's also some housing in Tryon built between 2000 and later ( 7.44%).

Vacant housing appears to be an issue in Tryon. Fully 21.67% of the housing stock is classified as vacant. Left unchecked, vacant Tryon homes and apartments can be a drag on the real estate market, holding Tryon 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.

Tryon Home Appreciation Rates

Real estate appreciation rates in Tryon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Tryon appreciation rates have trailed the rest of the nation. In the last twelve months, Tryon's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tryon were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$229,289

Tryon, NC HOME PRICES

Value Range
> $1,015,000 1.1
$761,001 - $1,015,000 0.6
$508,001 - $761,000 5.1
$406,001 - $508,000 6.6
$305,001 - $406,000 19.4
$203,001 - $305,000 19.2
$102,001 - $203,000 34.9
$51,001 - $102,000 13.1
$0 - $51,000 0.0

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
25.9111684050158 18.5117967332123

Number Of Homes And Apartments:
853

Tryon 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
35.72% 1.79% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$954 / per month

Homeownership Rate

Homeownership
Owners 57.32
Renters 42.68
Vacant 21.67

Housing Market Details

 

Age of Homes

AGE OF Tryon HOMES
2000 or Newer 7.4
1970 - 1999 35.2
1940 - 1969 30.1
1939 or Older 27.3

Types of Homes

TYPE OF Tryon HOMES
Single-Family 65.7
Townhomes 2.5
Small Apt. Buildings 16.3
Apt. Complexes 12.9
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Tryon HOMES
No Bedroom 2.94
1 Bedroom 14.14
2 Bedrooms 36.73
3 Bedrooms 34.89
4 Bedrooms 9.09
5 or more bedrooms 2.20