Wingate, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wingate Neighborhoods Since 2000




Wingate, 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

Wingate Housing Market Information

With a population of 3,854, 1,023 total housing units (homes and apartments), and a median house value of $149,380, Wingate real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Wingate, accounting for 73.01% of the town's housing units. Other types of housing that are prevalent in Wingate include duplexes, homes converted to apartments or other small apartment buildings ( 15.37%), large apartment complexes or high rise apartments ( 7.23%), and a few mobile homes or trailers ( 2.20%).

The most prevalent building size and type in Wingate are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.97% owning and 55.03% renting.

There is a lot of housing in Wingate 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 Wingate built between 2000 and later ( 31.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.58%). There's also some housing in Wingate built before 1939 ( 3.84%).

Wingate Home Appreciation Rates

Appreciation rates for homes in Wingate have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.52%, which ranks in the top 40% nationwide. This equates to an annual average Wingate house appreciation rate of 0.44%.

Over the last year, Wingate appreciation rates have trailed the rest of the nation. In the last twelve months, Wingate's appreciation rate has been 1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wingate were at 1.88%, which equates to an annual appreciation rate of 7.72%.

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

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

Average Home Values

 

Median Home Value:
$149,380

Wingate, NC HOME PRICES

Value Range
> $1,146,000 0.0
$859,001 - $1,146,000 0.4
$573,001 - $859,000 1.5
$458,001 - $573,000 0.9
$344,001 - $458,000 2.5
$229,001 - $344,000 10.0
$115,001 - $229,000 53.7
$58,001 - $115,000 23.4
$0 - $58,000 7.5

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
50.2871205906481 42.6497277676951

Number Of Homes And Apartments:
1,023

Wingate 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
23.64% 1.24% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,090 / per month

Homeownership Rate

Homeownership
Owners 44.97
Renters 55.03
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Wingate HOMES
2000 or Newer 31.6
1970 - 1999 45.0
1940 - 1969 19.6
1939 or Older 3.8

Types of Homes

TYPE OF Wingate HOMES
Single-Family 73.0
Townhomes 2.2
Small Apt. Buildings 15.4
Apt. Complexes 7.2
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Wingate HOMES
No Bedroom 1.37
1 Bedroom 7.69
2 Bedrooms 21.32
3 Bedrooms 50.41
4 Bedrooms 16.56
5 or more bedrooms 2.65