Wendell, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Wendell Neighborhoods Since 2000




Wendell, 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

Wendell Housing Market Information

With a population of 6,285, 2,344 total housing units (homes and apartments), and a median house value of $157,159, Wendell real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Wendell, accounting for 85.80% of the town's housing units. Other types of housing that are prevalent in Wendell include large apartment complexes or high rise apartments ( 7.55%), duplexes, homes converted to apartments or other small apartment buildings ( 4.59%), and a few mobile homes or trailers ( 1.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wendell. Owner-occupied housing accounts for 69.03% of Wendell's homes, and 64.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wendell 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 Wendell built between 2000 and later ( 30.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.94%). There's also some housing in Wendell built before 1939 ( 6.48%).

Wendell Home Appreciation Rates

Appreciation rates for homes in Wendell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.10%, which ranks in the top 50% nationwide. This equates to an annual average Wendell house appreciation rate of 0.21%.

NeighborhoodScout's data show that during the latest twelve months, Wendell's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Wendell's appreciation rate has been 2.42%, which annualizes to a rate of 10.04%.

Importantly, this makes Wendell 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 Wendell's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$157,159

Wendell, NC HOME PRICES

Value Range
> $1,120,000 0.0
$840,001 - $1,120,000 0.4
$560,001 - $840,000 1.2
$448,001 - $560,000 0.3
$336,001 - $448,000 5.9
$224,001 - $336,000 18.4
$112,001 - $224,000 50.4
$56,001 - $112,000 17.4
$0 - $56,000 6.0

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
46.9705847884683 39.5644283121597

Number Of Homes And Apartments:
2,344

Wendell 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
19.74% 1.05% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,113 / per month

Homeownership Rate

Homeownership
Owners 69.03
Renters 30.97
Vacant 7.32

Housing Market Details

 

Age of Homes

AGE OF Wendell HOMES
2000 or Newer 30.9
1970 - 1999 50.7
1940 - 1969 11.9
1939 or Older 6.5

Types of Homes

TYPE OF Wendell HOMES
Single-Family 85.8
Townhomes 0.3
Small Apt. Buildings 4.6
Apt. Complexes 7.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Wendell HOMES
No Bedroom 2.97
1 Bedroom 5.14
2 Bedrooms 21.95
3 Bedrooms 55.04
4 Bedrooms 9.73
5 or more bedrooms 5.18