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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Conover, NC Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Conover, NC Housing Market Trends

With 8,571 people, 3,412 houses or apartments, and a median cost of homes of $257,007, Conover 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 Conover, accounting for 61.26% of the city's housing units. Other types of housing that are prevalent in Conover include large apartment complexes or high rise apartments ( 15.32%), mobile homes or trailers ( 8.47%), and a few row houses and other attached homes ( 7.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Conover. Owner-occupied housing accounts for 71.53% of Conover's homes, and 55.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Conover 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 Conover built between 2000 and later ( 25.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.02%). There's also some housing in Conover built before 1939 ( 1.63%).

Conover Home Appreciation Rates

Appreciation rates for homes in Conover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.63%, which ranks in the top 40% nationwide. This equates to an annual average Conover house appreciation rate of 7.21%.

Over the last year, Conover appreciation rates have trailed the rest of the nation. In the last twelve months, Conover's appreciation rate has been 4.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Conover were at 1.62%, which equates to an annual appreciation rate of 6.65%.

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

Average Home Values

Median Home Value

$257,007

Conover, NC Home Prices
> $1,414,000
$1,061,001 - $1,414,000
$707,001 - $1,061,000
$566,001 - $707,000
$424,001 - $566,000
$283,001 - $424,000
$142,001 - $283,000
$71,001 - $142,000
$0 - $71,000
0.3%
0.3%
0.1%
0.1%
3.1%
3.1%
6.7%
6.7%
10.9%
10.9%
24.0%
24.0%
43.1%
43.1%
8.6%
8.6%
3.1%
3.1%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

3,412

Conover Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,641 / per month

Homeownership Rate

Owners
Renters
71.5%
71.5%
28.5%
28.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.5%
25.5%
52.8%
52.8%
20.0%
20.0%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.3%
61.3%
8.0%
8.0%
7.0%
7.0%
15.3%
15.3%
8.5%
8.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
5.8%
5.8%
35.1%
35.1%
45.8%
45.8%
10.0%
10.0%
3.0%
3.0%
0% 100.0%
% of Homes