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 about Scout's Real Estate Data
With 2,683 people, 1,123 houses or apartments, and a median cost of homes of $127,571, house prices in Warsaw 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 Warsaw, accounting for 50.38% of the town's housing units. Other types of housing that are prevalent in Warsaw include duplexes, homes converted to apartments or other small apartment buildings ( 24.67%), large apartment complexes or high rise apartments ( 16.59%), and a few mobile homes or trailers ( 5.87%).
Renters dominate Warsaw's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Warsaw 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 Warsaw built between 1940-1969 ( 36.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 1.17%).
Vacant housing appears to be an issue in Warsaw. Fully 22.39% of the housing stock is classified as vacant. Left unchecked, vacant Warsaw homes and apartments can be a drag on the real estate market, holding Warsaw 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.
Appreciation rates for homes in Warsaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.10%, which ranks in the top 50% nationwide. This equates to an annual average Warsaw house appreciation rate of 6.06%.
Appreciation rates are so strong in Warsaw that despite a nationwide downturn in the housing market, Warsaw real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Warsaw appreciation rates continue to be some of the highest in America, at 9.61%, which is higher than appreciation rates in 70.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Warsaw. Warsaw appreciation rates in the latest quarter were at -1.43%, which equates to an annual appreciation rate of -5.58%.
Relative to North Carolina, our data show that Warsaw's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$1,467 / per month