Walkertown NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Walkertown, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Walkertown Housing Market Information

With 5,150 people, 2,044 houses or apartments, and a median cost of homes of $148,539, house prices in Walkertown are solidly below the national average.

Single-family detached homes are the single most common housing type in Walkertown, accounting for 81.94% of the town's housing units. Other types of housing that are prevalent in Walkertown include large apartment complexes or high rise apartments ( 6.41%), mobile homes or trailers ( 5.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walkertown. Owner-occupied housing accounts for 71.33% of Walkertown's homes, and 66.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Walkertown 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 Walkertown built between 1940-1969 ( 25.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.02%). There's also some housing in Walkertown built before 1939 ( 10.50%).

Walkertown Home Appreciation Rates

Walkertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Walkertown during the period has been just 1.53%, which is lower than 70% of US communities.

Over the last year, Walkertown appreciation rates have trailed the rest of the nation. In the last twelve months, Walkertown's appreciation rate has been 3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walkertown were at -0.22%, which equates to an annual appreciation rate of -0.89%.

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

Relative to North Carolina, our data show that Walkertown's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$148,539

Walkertown, NC HOME PRICES

Value Range
> $1,184,000 0.6
$888,001 - $1,184,000 0.0
$592,001 - $888,000 0.9
$473,001 - $592,000 0.1
$355,001 - $473,000 3.0
$237,001 - $355,000 10.4
$118,001 - $237,000 47.4
$59,001 - $118,000 28.3
$0 - $59,000 9.2

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
61.6583941605839 58.695652173913

Number Of Homes And Apartments:
2,044

Walkertown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
25.18% 1.10%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,009 / per month

Homeownership Rate

Homeownership
Owners 71.33
Renters 28.67
Vacant 9.07

Housing Market Details

 

Age of Homes

AGE OF Walkertown HOMES
2000 or Newer 20.0
1970 - 1999 44.4
1940 - 1969 25.1
1939 or Older 10.5

Types of Homes

TYPE OF Walkertown HOMES
Single-Family 81.9
Townhomes 2.4
Small Apt. Buildings 4.2
Apt. Complexes 6.4
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Walkertown HOMES
No Bedroom 0.00
1 Bedroom 4.72
2 Bedrooms 24.91
3 Bedrooms 59.12
4 Bedrooms 7.38
5 or more bedrooms 3.87