Weddington, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Weddington Neighborhoods Since 2000




Weddington, NC Real Estate Data


Weddington Housing Market Information

With 10,531 people, 3,295 houses or apartments, and a median cost of homes of $503,313, Weddington house prices are not only among the most expensive in North Carolina, Weddington real estate also is some of the most expensive in all of America.

Weddington is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Weddington than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weddington. Owner-occupied housing accounts for 98.21% of Weddington's homes, and 73.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Weddington 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 Weddington built between 2000 and later ( 31.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.54%).

Weddington Home Appreciation Rates

Appreciation rates for homes in Weddington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.87%, which ranks in the top 40% nationwide. This equates to an annual average Weddington house appreciation rate of 0.76%.

Appreciation rates are so strong in Weddington that despite a nationwide downturn in the housing market, Weddington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weddington appreciation rates continue to be some of the highest in America, at 7.68%, which is higher than appreciation rates in 89.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weddington. Weddington appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.43%.

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

Average Home Values

 

Median Home Value:
$503,313

Weddington, NC HOME PRICES

Value Range
> $1,214,000 3.5
$911,001 - $1,214,000 7.5
$607,001 - $911,000 19.8
$486,001 - $607,000 15.2
$364,001 - $486,000 24.0
$243,001 - $364,000 16.6
$122,001 - $243,000 9.8
$61,001 - $122,000 1.7
$0 - $61,000 1.9

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
6.11934180476664 1.27041742286751

Number Of Homes And Apartments:
3,295

Rent & Ownership

 

Average Market Rent:
$1,997 / per month

Homeownership Rate

Homeownership
Owners 98.21
Renters 1.79
Vacant 6.15

Housing Market Details

 

Age of Homes

AGE OF Weddington HOMES
2000 or Newer 31.8
1970 - 1999 66.0
1940 - 1969 1.5
1939 or Older 0.7

Types of Homes

TYPE OF Weddington HOMES
Single-Family 97.3
Townhomes 0.0
Small Apt. Buildings 0.3
Apt. Complexes 0.0
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Weddington HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 3.25
3 Bedrooms 24.32
4 Bedrooms 48.96
5 or more bedrooms 23.47

Weddington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.96% 1.82% 7 4
* 10 is highest