Wilson, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wilson Neighborhoods Since 2000




Wilson, 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

Wilson Housing Market Information

With 49,643 people, 19,619 houses or apartments, and a median cost of homes of $108,990, house prices in Wilson are solidly below the national average.

Single-family detached homes are the single most common housing type in Wilson, accounting for 61.99% of the city's housing units. Other types of housing that are prevalent in Wilson include duplexes, homes converted to apartments or other small apartment buildings ( 20.39%), large apartment complexes or high rise apartments ( 11.25%), and a few mobile homes or trailers ( 4.05%).

The most prevalent building size and type in Wilson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.69% owning and 51.31% renting.

There is a lot of housing in Wilson 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 Wilson built between 1940-1969 ( 29.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.75%). There's also some housing in Wilson built before 1939 ( 6.08%).

Vacant housing appears to be an issue in Wilson. Fully 10.31% of the housing stock is classified as vacant. Left unchecked, vacant Wilson homes and apartments can be a drag on the real estate market, holding Wilson 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.

Wilson Home Appreciation Rates

Wilson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wilson during the period has been just -0.81%, which is lower than 70% of US communities.

Over the last year, Wilson appreciation rates have trailed the rest of the nation. In the last twelve months, Wilson's appreciation rate has been -1.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wilson were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Wilson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wilson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wilson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,990

Wilson, NC HOME PRICES

Value Range
> $1,002,000 0.0
$751,001 - $1,002,000 0.1
$501,001 - $751,000 0.4
$401,001 - $501,000 1.5
$301,001 - $401,000 3.3
$200,001 - $301,000 11.9
$100,001 - $200,000 40.5
$50,001 - $100,000 34.3
$0 - $50,000 7.9

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
71.9559357787413 72.9582577132486

Number Of Homes And Apartments:
19,619

Wilson 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
9.11% 0.51% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Homeownership
Owners 48.69
Renters 51.31
Vacant 10.31

Housing Market Details

 

Age of Homes

AGE OF Wilson HOMES
2000 or Newer 18.8
1970 - 1999 45.2
1940 - 1969 30.0
1939 or Older 6.1

Types of Homes

TYPE OF Wilson HOMES
Single-Family 62.0
Townhomes 2.3
Small Apt. Buildings 20.4
Apt. Complexes 11.3
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Wilson HOMES
No Bedroom 1.04
1 Bedroom 8.31
2 Bedrooms 34.01
3 Bedrooms 42.35
4 Bedrooms 12.05
5 or more bedrooms 2.24