Vale, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vale, 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

Vale Housing Market Information

With 10,708 people, 1,993 houses or apartments, and a median cost of homes of $122,752, house prices in Vale are solidly below the national average.

Single-family detached homes are the single most common housing type in Vale, accounting for 63.54% of the town's housing units. Other types of housing that are prevalent in Vale include mobile homes or trailers ( 35.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vale. Owner-occupied housing accounts for 82.45% of Vale's homes, and 63.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vale 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 Vale built between 1940-1969 ( 18.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.12%). There's also some housing in Vale built before 1939 ( 3.94%).

Vacant housing appears to be an issue in Vale. Fully 11.67% of the housing stock is classified as vacant. Left unchecked, vacant Vale homes and apartments can be a drag on the real estate market, holding Vale 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.

Vale Home Appreciation Rates

Real estate appreciation rates in Vale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

Over the last year, Vale appreciation rates have trailed the rest of the nation. In the last twelve months, Vale's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vale were at 0.06%, which equates to an annual appreciation rate of 0.26%.

Relative to North Carolina, our data show that Vale's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$122,752

Vale, NC HOME PRICES

Value Range
> $1,040,000 1.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.3
$416,001 - $520,000 1.5
$312,001 - $416,000 4.5
$208,001 - $312,000 10.1
$104,001 - $208,000 43.3
$52,001 - $104,000 23.4
$0 - $52,000 15.9

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
63.898980428923 59.3466424682396

Number Of Homes And Apartments:
1,993

Vale 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
14.28% 0.78% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$839 / per month

Homeownership Rate

Homeownership
Owners 82.45
Renters 17.55
Vacant 11.67

Housing Market Details

 

Age of Homes

AGE OF Vale HOMES
2000 or Newer 18.1
1970 - 1999 59.7
1940 - 1969 18.2
1939 or Older 3.9

Types of Homes

TYPE OF Vale HOMES
Single-Family 63.5
Townhomes 0.0
Small Apt. Buildings 0.5
Apt. Complexes 0.5
Mobile Homes 35.5
Other 0.0

Home Size

SIZE OF Vale HOMES
No Bedroom 0.92
1 Bedroom 1.09
2 Bedrooms 30.76
3 Bedrooms 54.35
4 Bedrooms 9.12
5 or more bedrooms 3.76