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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Vale, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Vale, NC Housing Market Trends

With 10,604 people, 3,870 houses or apartments, and a median cost of homes of $291,335, Vale real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Vale, accounting for 68.16% of the town's housing units. Other types of housing that are prevalent in Vale include mobile homes or trailers ( 31.84%).

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 80.59% of Vale's homes, and 68.59% 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 2000 and later ( 21.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.56%). There's also some housing in Vale built before 1939 ( 5.32%).

Vacant housing appears to be an issue in Vale. Fully 11.42% 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

Appreciation rates for homes in Vale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.82%, which ranks in the top 30% nationwide. This equates to an annual average Vale house appreciation rate of 7.54%.

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 4.74%, 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 1.12%, which equates to an annual appreciation rate of 4.56%.

Relative to North Carolina, our data show that Vale's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$291,335

Vale, NC Home Prices
> $1,442,000
$1,082,001 - $1,442,000
$721,001 - $1,082,000
$577,001 - $721,000
$433,001 - $577,000
$288,001 - $433,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
1.0%
1.0%
0.4%
0.4%
1.0%
1.0%
2.8%
2.8%
10.3%
10.3%
29.9%
29.9%
31.8%
31.8%
15.0%
15.0%
7.7%
7.7%
0% 100.0%
% of Homes
High

for North carolina

Average

for nation

Number of Homes And Apartments:

3,870

Vale Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,505 / per month

Homeownership Rate

Owners
Renters
80.6%
80.6%
19.4%
19.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.4%
11.4%
88.6%
88.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.6%
21.6%
52.5%
52.5%
20.6%
20.6%
5.3%
5.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
31.8%
31.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
2.4%
2.4%
25.2%
25.2%
56.7%
56.7%
11.9%
11.9%
2.7%
2.7%
0% 100.0%
% of Homes