Weddington, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Weddington, NC Housing Market Trends

With a population of 11,182, 3,424 total housing units (homes and apartments), and a median house value of $622,200, 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.

The large homes that make up Weddington are primarily owner-occupied ( 94.98%).

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 ( 34.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.53%).

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 56.06%, which ranks in the top 30% nationwide. This equates to an annual average Weddington house appreciation rate of 4.55%.

NeighborhoodScout's data show that during the latest twelve months, Weddington's appreciation rate, at 9.32%, has been at or slightly above the national average. In the latest quarter, Weddington's appreciation rate has been 2.97%, which annualizes to a rate of 12.42%.

Relative to North Carolina, our data show that Weddington's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$622,200

Weddington, NC HOME PRICES

> $1,267,000
6.0%
6.0%
$950,001 - $1,267,000
11.4%
11.4%
$633,001 - $950,000
23.6%
23.6%
$506,001 - $633,000
19.0%
19.0%
$380,001 - $506,000
27.8%
27.8%
$254,001 - $380,000
6.5%
6.5%
$127,001 - $254,000
3.9%
3.9%
$63,001 - $127,000
0.3%
0.3%
$0 - $63,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
3,424

Weddington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
78.46% 2.73%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,076 / per month

Homeownership Rate

Owners
95.0%
95.0%
Renters
5.0%
5.0%
Vacant
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
34.6%
34.6%
1970 - 1999
61.3%
61.3%
1940 - 1969
3.5%
3.5%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
97.3%
97.3%
Townhomes
0.6%
0.6%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
2.0%
2.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.8%
1.8%
2 Bedrooms
1.4%
1.4%
3 Bedrooms
16.1%
16.1%
4 Bedrooms
47.9%
47.9%
5 or more bedrooms
32.7%
32.7%
0.0% 100.0%
% OF HOMES