Weddington, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Weddington Neighborhoods Since 2000




Weddington, NC Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Weddington Housing Market Information

With a population of 10,531, 3,440 total housing units (homes and apartments), and a median house value of $515,414, 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 ( 98.43%).

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 ( 34.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.96%).

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 5.61%, which ranks in the top 40% nationwide. This equates to an annual average Weddington house appreciation rate of 0.55%.

NeighborhoodScout's data show that during the latest twelve months, Weddington's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Weddington's appreciation rate has been 1.88%, which annualizes to a rate of 7.72%.

Importantly, this makes Weddington one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$515,414

Weddington, NC HOME PRICES

Value Range
> $1,182,000 5.0
$887,001 - $1,182,000 7.3
$591,001 - $887,000 21.7
$473,001 - $591,000 15.9
$355,001 - $473,000 22.3
$236,001 - $355,000 16.7
$118,001 - $236,000 8.3
$59,001 - $118,000 1.6
$0 - $59,000 1.2

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
5.56662369623813 1.27041742286751

Number Of Homes And Apartments:
3,440

Weddington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
38.70% 1.91% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,894 / per month

Homeownership Rate

Homeownership
Owners 98.43
Renters 1.57
Vacant 5.75

Housing Market Details

 

Age of Homes

AGE OF Weddington HOMES
2000 or Newer 34.8
1970 - 1999 63.5
1940 - 1969 1.0
1939 or Older 0.7

Types of Homes

TYPE OF Weddington HOMES
Single-Family 98.8
Townhomes 0.1
Small Apt. Buildings 0.3
Apt. Complexes 0.0
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Weddington HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 2.14
3 Bedrooms 22.66
4 Bedrooms 51.18
5 or more bedrooms 24.03