Whiteville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Whiteville, NC Real Estate Data


Whiteville Housing Market Information

With a population of 5,589, 2,522 total housing units (homes and apartments), and a median house value of $91,313, house prices in Whiteville are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Whiteville, accounting for 67.14% of the city's housing units. Other types of housing that are prevalent in Whiteville include large apartment complexes or high rise apartments ( 14.20%), duplexes, homes converted to apartments or other small apartment buildings ( 14.05%), and a few mobile homes or trailers ( 4.61%).

People in Whiteville primarily live in small (one, two or no bedroom) single-family detached homes. Whiteville has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Whiteville's housing was primarily built during this period, from the '40s through the '60s. A full 43.25% of the city's housing hails from this era. Other housing ages represented in Whiteville include homes built between 1970-1999 ( 38.01%) and housing constructed before 1939 ( 12.40%). There's also some housing in Whiteville built between 2000 and later ( 6.34%).

Vacant housing appears to be an issue in Whiteville. Fully 11.17% of the housing stock is classified as vacant. Left unchecked, vacant Whiteville homes and apartments can be a drag on the real estate market, holding Whiteville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Whiteville Home Appreciation Rates

Whiteville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Whiteville during the period has been just -1.84%, which is lower than 80% of US communities.

Over the last year, Whiteville appreciation rates have trailed the rest of the nation. In the last twelve months, Whiteville's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whiteville were at 0.99%, which equates to an annual appreciation rate of 4.04%.

Notably, Whiteville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Whiteville's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$91,313

Whiteville, NC HOME PRICES

Value Range
> $949,000 0.0
$712,001 - $949,000 0.2
$474,001 - $712,000 2.7
$379,001 - $474,000 0.6
$285,001 - $379,000 2.8
$190,001 - $285,000 7.2
$95,001 - $190,000 30.0
$47,001 - $95,000 35.8
$0 - $47,000 20.7

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4996193710839 86.7513611615245

Number Of Homes And Apartments:
2,522

Rent & Ownership

 

Average Market Rent:
$801 / per month

Homeownership Rate

Homeownership
Owners 48.79
Renters 51.21
Vacant 11.17

Housing Market Details

 

Age of Homes

AGE OF Whiteville HOMES
2000 or Newer 6.3
1970 - 1999 38.0
1940 - 1969 43.3
1939 or Older 12.4

Types of Homes

TYPE OF Whiteville HOMES
Single-Family 67.1
Townhomes 0.0
Small Apt. Buildings 14.1
Apt. Complexes 14.2
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Whiteville HOMES
No Bedroom 2.36
1 Bedroom 11.94
2 Bedrooms 38.61
3 Bedrooms 32.48
4 Bedrooms 11.76
5 or more bedrooms 2.85

Whiteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
9.27% 0.52% 1 1
* 10 is highest

Popular Neighborhoods in Whiteville

Zip Codes in Whiteville, NC