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 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

Walkertown Housing Market Information

With a population of 4,969, 2,001 total housing units (homes and apartments), and a median house value of $127,353, 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 85.87% of the town's housing units. Other types of housing that are prevalent in Walkertown include mobile homes or trailers ( 6.76%), large apartment complexes or high rise apartments ( 4.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).

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 69.92% of Walkertown's homes, and 72.97% 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 ( 28.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.30%). There's also some housing in Walkertown built before 1939 ( 7.81%).

Vacant housing appears to be an issue in Walkertown. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Walkertown homes and apartments can be a drag on the real estate market, holding Walkertown 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.

Walkertown Home Appreciation Rates

Real estate appreciation rates in Walkertown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

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 1.10%, 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 -1.84%, which equates to an annual appreciation rate of -7.17%.

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 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$127,353

Walkertown, NC HOME PRICES

Value Range
> $1,057,000 0.8
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.9
$423,001 - $529,000 0.5
$317,001 - $423,000 1.9
$211,001 - $317,000 10.1
$106,001 - $211,000 49.4
$53,001 - $106,000 25.7
$0 - $53,000 10.7

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
61.2328606586195 56.8058076225045

Number Of Homes And Apartments:
2,001

Walkertown 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
7.68% 0.43% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$999 / per month

Homeownership Rate

Homeownership
Owners 69.92
Renters 30.08
Vacant 12.20

Housing Market Details

 

Age of Homes

AGE OF Walkertown HOMES
2000 or Newer 18.3
1970 - 1999 45.4
1940 - 1969 28.5
1939 or Older 7.8

Types of Homes

TYPE OF Walkertown HOMES
Single-Family 85.9
Townhomes 1.5
Small Apt. Buildings 1.6
Apt. Complexes 4.3
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Walkertown HOMES
No Bedroom 0.31
1 Bedroom 1.80
2 Bedrooms 22.25
3 Bedrooms 63.41
4 Bedrooms 9.57
5 or more bedrooms 2.68