Wadesboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wadesboro, 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

Wadesboro Housing Market Information

With a population of 5,584, 2,132 total housing units (homes and apartments), and a median house value of $118,331, house prices in Wadesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Wadesboro, accounting for 70.66% of the town's housing units. Other types of housing that are prevalent in Wadesboro include duplexes, homes converted to apartments or other small apartment buildings ( 13.32%), large apartment complexes or high rise apartments ( 11.40%), and a few mobile homes or trailers ( 3.45%).

The most prevalent building size and type in Wadesboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.54% owning and 51.46% renting.

There is a lot of housing in Wadesboro 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 Wadesboro built between 1940-1969 ( 36.86%). A lesser amount of the housing stock also hails from before 1939 ( 19.23%). There's also some housing in Wadesboro built between 2000 and later ( 4.66%).

Vacant housing appears to be an issue in Wadesboro. Fully 16.49% of the housing stock is classified as vacant. Left unchecked, vacant Wadesboro homes and apartments can be a drag on the real estate market, holding Wadesboro 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.

Wadesboro Home Appreciation Rates

Appreciation rates for homes in Wadesboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.44%, which ranks in the top 50% nationwide. This equates to an annual average Wadesboro house appreciation rate of 0.04%.

NeighborhoodScout's data show that during the latest twelve months, Wadesboro's appreciation rate, at 3.38%, has been at or slightly above the national average. In the latest quarter, Wadesboro's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$118,331

Wadesboro, NC HOME PRICES

Value Range
> $1,074,000 0.0
$806,001 - $1,074,000 0.0
$537,001 - $806,000 0.0
$429,001 - $537,000 0.0
$322,001 - $429,000 3.1
$215,001 - $322,000 8.1
$108,001 - $215,000 33.6
$54,001 - $108,000 37.0
$0 - $54,000 18.1

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
66.4713465369741 64.065335753176

Number Of Homes And Apartments:
2,132

Wadesboro 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
39.91% 1.97% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 48.54
Renters 51.46
Vacant 16.49

Housing Market Details

 

Age of Homes

AGE OF Wadesboro HOMES
2000 or Newer 4.7
1970 - 1999 39.2
1940 - 1969 36.9
1939 or Older 19.2

Types of Homes

TYPE OF Wadesboro HOMES
Single-Family 70.7
Townhomes 1.2
Small Apt. Buildings 13.3
Apt. Complexes 11.4
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Wadesboro HOMES
No Bedroom 3.53
1 Bedroom 10.11
2 Bedrooms 25.15
3 Bedrooms 47.94
4 Bedrooms 9.71
5 or more bedrooms 3.56

Popular Neighborhoods in Wadesboro

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Zip Codes in Wadesboro, NC