Whiteville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Whiteville, 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

Whiteville Housing Market Information

With a population of 5,589, 2,370 total housing units (homes and apartments), and a median house value of $111,307, house prices in Whiteville are solidly below the national average.

Single-family detached homes are the single most common housing type in Whiteville, accounting for 64.92% of the city's housing units. Other types of housing that are prevalent in Whiteville include duplexes, homes converted to apartments or other small apartment buildings ( 16.75%), large apartment complexes or high rise apartments ( 14.39%), and a few mobile homes or trailers ( 3.94%).

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 42.03% of the city's housing hails from this era. Other housing ages represented in Whiteville include homes built between 1970-1999 ( 41.99%) and housing constructed before 1939 ( 8.25%). There's also some housing in Whiteville built between 2000 and later ( 7.74%).

Vacant housing appears to be an issue in Whiteville. Fully 14.29% 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

Real estate appreciation rates in Whiteville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.75% during the period.

Appreciation rates are so strong in Whiteville that despite a nationwide downturn in the housing market, Whiteville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whiteville appreciation rates continue to be some of the highest in America, at 10.31%, which is higher than appreciation rates in 94.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whiteville. Whiteville appreciation rates in the latest quarter were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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 higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$111,307

Whiteville, NC HOME PRICES

Value Range
> $1,077,000 0.0
$807,001 - $1,077,000 0.0
$538,001 - $807,000 3.4
$430,001 - $538,000 0.7
$323,001 - $430,000 3.8
$216,001 - $323,000 7.4
$108,001 - $216,000 28.6
$54,001 - $108,000 44.9
$0 - $54,000 11.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
70.5906480721903 70.7803992740472

Number Of Homes And Apartments:
2,370

Whiteville 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
20.64% 1.09% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 47.27
Renters 52.73
Vacant 14.29

Housing Market Details

 

Age of Homes

AGE OF Whiteville HOMES
2000 or Newer 7.7
1970 - 1999 42.0
1940 - 1969 42.0
1939 or Older 8.2

Types of Homes

TYPE OF Whiteville HOMES
Single-Family 64.9
Townhomes 0.0
Small Apt. Buildings 16.7
Apt. Complexes 14.4
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Whiteville HOMES
No Bedroom 2.35
1 Bedroom 13.56
2 Bedrooms 36.85
3 Bedrooms 35.52
4 Bedrooms 8.14
5 or more bedrooms 3.58

Popular Neighborhoods in Whiteville

Zip Codes in Whiteville, NC