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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 6,606 people, 1,408 houses or apartments, and a median cost of homes of $171,990, Vilas 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 Vilas, accounting for 74.05% of the town's housing units. Other types of housing that are prevalent in Vilas include mobile homes or trailers ( 19.50%), large apartment complexes or high rise apartments ( 4.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vilas. Owner-occupied housing accounts for 76.78% of Vilas's homes, and 64.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Vilas 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 Vilas built between 2000 and later ( 25.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.52%). There's also some housing in Vilas built before 1939 ( 10.66%).
Vacant housing appears to be an issue in Vilas. Fully 22.87% of the housing stock is classified as vacant. Left unchecked, vacant Vilas homes and apartments can be a drag on the real estate market, holding Vilas 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.
Real estate appreciation rates in Vilas's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.
Over the last year, Vilas appreciation rates have trailed the rest of the nation. In the last twelve months, Vilas's appreciation rate has been 1.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vilas were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Vilas's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Vilas's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
|$792,001 - $1,056,000||2.1|
|$528,001 - $792,000||2.6|
|$422,001 - $528,000||3.1|
|$317,001 - $422,000||13.0|
|$211,001 - $317,000||19.2|
|$105,001 - $211,000||31.0|
|$53,001 - $105,000||13.1|
|$0 - $53,000||13.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Vilas HOMES|
|2000 or Newer||25.9|
|1970 - 1999||43.9|
|1940 - 1969||19.5|
|1939 or Older||10.7|
|TYPE OF Vilas HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Vilas HOMES|
|5 or more bedrooms||1.57|