menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Weaverville, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Weaverville, NC Housing Market Trends

With a population of 4,678, 1,962 total housing units (homes and apartments), and a median house value of $618,427, Weaverville house prices are not only among the most expensive in North Carolina, Weaverville real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Weaverville, accounting for 75.73% of the town's housing units. Other types of housing that are prevalent in Weaverville include large apartment complexes or high rise apartments ( 11.08%), row houses and other attached homes ( 6.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weaverville. Owner-occupied housing accounts for 73.03% of Weaverville's homes, and 58.78% have either three or four bedrooms, which is average sized relative to America.

Weaverville homes and real estate are some of the newest in America. 37.95% of Weaverville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Weaverville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.54%), and before 1939 ( 18.35%). There's also some housing in Weaverville built between 1940-1969 ( 12.15%).

Vacant housing appears to be an issue in Weaverville. Fully 18.89% of the housing stock is classified as vacant. Left unchecked, vacant Weaverville homes and apartments can be a drag on the real estate market, holding Weaverville 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.

Weaverville Home Appreciation Rates

In the last 10 years, Weaverville has experienced some of the highest home appreciation rates of any community in the nation. Weaverville real estate appreciated 120.16% over the last ten years, which is an average annual home appreciation rate of 8.21%, putting Weaverville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Weaverville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Weaverville that despite a nationwide downturn in the housing market, Weaverville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weaverville appreciation rates continue to be some of the highest in America, at 8.03%, which is higher than appreciation rates in 86.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weaverville. Weaverville appreciation rates in the latest quarter were at 0.27%, which equates to an annual appreciation rate of 1.08%.

Relative to North Carolina, our data show that Weaverville's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Weaverville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weaverville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Weaverville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$618,427

Weaverville, NC Home Prices
> $1,468,000
$1,101,001 - $1,468,000
$734,001 - $1,101,000
$587,001 - $734,000
$440,001 - $587,000
$294,001 - $440,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
2.7%
2.7%
6.1%
6.1%
19.1%
19.1%
26.5%
26.5%
16.9%
16.9%
15.0%
15.0%
4.8%
4.8%
5.9%
5.9%
3.1%
3.1%
0% 100.0%
% of Homes
Very High

for North carolina

Very High

for nation

Number of Homes And Apartments:

1,962

Weaverville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,454 / per month

Homeownership Rate

Owners
Renters
73.0%
73.0%
27.0%
27.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.9%
18.9%
81.1%
81.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
37.9%
37.9%
31.5%
31.5%
12.2%
12.2%
18.4%
18.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.7%
75.7%
6.9%
6.9%
5.4%
5.4%
11.1%
11.1%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
4.2%
4.2%
29.3%
29.3%
39.2%
39.2%
19.6%
19.6%
3.4%
3.4%
0% 100.0%
% of Homes