Zebulon, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Zebulon, 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

Zebulon Housing Market Information

With a population of 4,964, 1,485 total housing units (homes and apartments), and a median house value of $142,778, Zebulon 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 Zebulon, accounting for 74.90% of the town's housing units. Other types of housing that are prevalent in Zebulon include mobile homes or trailers ( 10.51%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 3.57%).

The most prevalent building size and type in Zebulon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.17% owning and 39.83% renting.

There is a lot of housing in Zebulon 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 Zebulon built between 2000 and later ( 29.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.40%). There's also some housing in Zebulon built before 1939 ( 6.88%).

Zebulon Home Appreciation Rates

Appreciation rates for homes in Zebulon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.09%, which ranks in the top 50% nationwide. This equates to an annual average Zebulon house appreciation rate of 0.30%.

Appreciation rates are so strong in Zebulon that despite a nationwide downturn in the housing market, Zebulon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zebulon appreciation rates continue to be some of the highest in America, at 6.85%, which is higher than appreciation rates in 80.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zebulon. Zebulon appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Zebulon 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 Zebulon's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$142,778

Zebulon, NC HOME PRICES

Value Range
> $1,158,000 1.3
$869,001 - $1,158,000 0.2
$579,001 - $869,000 0.2
$464,001 - $579,000 3.8
$347,001 - $464,000 7.5
$232,001 - $347,000 5.7
$116,001 - $232,000 46.6
$58,001 - $116,000 26.0
$0 - $58,000 8.6

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
53.416149068323 47.005444646098

Number Of Homes And Apartments:
1,485

Zebulon 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
23.98% 1.25% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Homeownership
Owners 60.17
Renters 39.83
Vacant 5.41

Housing Market Details

 

Age of Homes

AGE OF Zebulon HOMES
2000 or Newer 29.3
1970 - 1999 52.4
1940 - 1969 11.4
1939 or Older 6.9

Types of Homes

TYPE OF Zebulon HOMES
Single-Family 74.9
Townhomes 3.6
Small Apt. Buildings 8.7
Apt. Complexes 2.3
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Zebulon HOMES
No Bedroom 1.46
1 Bedroom 1.15
2 Bedrooms 19.43
3 Bedrooms 53.18
4 Bedrooms 21.15
5 or more bedrooms 3.63