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 866 people, 450 houses or apartments, and a median cost of homes of $90,962, house prices in Warrenton are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Warrenton, accounting for 73.16% of the town's housing units. Other types of housing that are prevalent in Warrenton include large apartment complexes or high rise apartments ( 12.44%), mobile homes or trailers ( 6.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.26%).
The most prevalent building size and type in Warrenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.04% owning and 44.96% renting.
The housing in Warrenton was primarily built before 1939 ( 48.94%), making the housing stock in Warrenton some of the oldest overall in America, although there is a range of ages of homes in Warrenton. The next most important housing age is between 1940-1969 ( 27.50%), followed by between 1970-1999 ( 20.29%). There's also some housing in Warrenton built between 2000 and later ( 3.27%).
Vacant housing appears to be an issue in Warrenton. Fully 26.35% of the housing stock is classified as vacant. Left unchecked, vacant Warrenton homes and apartments can be a drag on the real estate market, holding Warrenton 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 Warrenton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.68% during the period.
Over the last year, Warrenton appreciation rates have trailed the rest of the nation. In the last twelve months, Warrenton's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warrenton were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Warrenton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Warrenton's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
|$787,001 - $1,049,000||0.6|
|$525,001 - $787,000||2.4|
|$420,001 - $525,000||0.5|
|$315,001 - $420,000||2.1|
|$210,001 - $315,000||7.4|
|$105,001 - $210,000||26.9|
|$53,001 - $105,000||32.0|
|$0 - $53,000||26.2|
|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 Warrenton HOMES|
|2000 or Newer||3.3|
|1970 - 1999||20.3|
|1940 - 1969||27.5|
|1939 or Older||48.9|
|TYPE OF Warrenton HOMES|
|Small Apt. Buildings||4.3|
|SIZE OF Warrenton HOMES|
|5 or more bedrooms||10.31|