Wesley Chapel, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Wesley Chapel, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Wesley Chapel Housing Market Information

With 8,841 people, 2,612 houses or apartments, and a median cost of homes of $423,855, Wesley Chapel house prices are not only among the most expensive in North Carolina, Wesley Chapel real estate also is some of the most expensive in all of America.

Wesley Chapel is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Wesley Chapel 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 Wesley Chapel. Owner-occupied housing accounts for 93.49% of Wesley Chapel's homes, and 68.20% have either three or four bedrooms, which is average sized relative to America.

Wesley Chapel homes and real estate are some of the newest in America. 58.41% of Wesley Chapel's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wesley Chapel real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.87%), and between 1940-1969 ( 3.37%). There's also some housing in Wesley Chapel built before 1939 ( 1.34%).

Wesley Chapel Home Appreciation Rates

Appreciation rates for homes in Wesley Chapel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.95%, which ranks in the top 50% nationwide. This equates to an annual average Wesley Chapel house appreciation rate of 1.49%.

NeighborhoodScout's data show that during the latest twelve months, Wesley Chapel's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Wesley Chapel's appreciation rate has been 1.99%, which annualizes to a rate of 8.21%.

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

Relative to North Carolina, our data show that Wesley Chapel's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$423,855

Wesley Chapel, NC HOME PRICES

Value Range
> $1,208,000 1.1
$906,001 - $1,208,000 1.4
$604,001 - $906,000 6.2
$483,001 - $604,000 15.1
$363,001 - $483,000 36.2
$242,001 - $363,000 24.1
$121,001 - $242,000 12.0
$61,001 - $121,000 1.9
$0 - $61,000 1.8

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
9.93868613138686 3.80434782608696

Number Of Homes And Apartments:
2,612

Wesley Chapel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
52.39% 2.21%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,433 / per month

Homeownership Rate

Homeownership
Owners 93.49
Renters 6.51
Vacant 5.29

Housing Market Details

 

Age of Homes

AGE OF Wesley Chapel HOMES
2000 or Newer 58.4
1970 - 1999 36.9
1940 - 1969 3.4
1939 or Older 1.3

Types of Homes

TYPE OF Wesley Chapel HOMES
Single-Family 97.1
Townhomes 0.4
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Wesley Chapel HOMES
No Bedroom 0.69
1 Bedroom 0.33
2 Bedrooms 1.89
3 Bedrooms 32.56
4 Bedrooms 35.64
5 or more bedrooms 28.90