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 Q3 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 a population of 8,984, 2,612 total housing units (homes and apartments), and a median house value of $437,751, 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 25.46%, which ranks in the top 50% nationwide. This equates to an annual average Wesley Chapel house appreciation rate of 2.29%.

Appreciation rates are so strong in Wesley Chapel that despite a nationwide downturn in the housing market, Wesley Chapel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wesley Chapel appreciation rates continue to be some of the highest in America, at 6.07%, which is higher than appreciation rates in 83.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wesley Chapel. Wesley Chapel appreciation rates in the latest quarter were at 1.48%, which equates to an annual appreciation rate of 6.05%.

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

Average Home Values

 

Median Home Value:
$437,751

Wesley Chapel, NC HOME PRICES

Value Range
> $1,247,000 2.1
$935,001 - $1,247,000 1.3
$623,001 - $935,000 7.3
$499,001 - $623,000 15.7
$374,001 - $499,000 27.9
$250,001 - $374,000 20.4
$125,001 - $250,000 20.3
$63,001 - $125,000 2.8
$0 - $63,000 2.2

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
9.82773722627737 3.98550724637681

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:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
57.38% 2.32%
8
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,481 / 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