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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$257,007
for North carolina
for nation
3,412
$1,641 / per month