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 a population of 82,653, 31,151 total housing units (homes and apartments), and a median house value of $291,193, Gastonia 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 Gastonia, accounting for 69.38% of the city's housing units. Other types of housing that are prevalent in Gastonia include large apartment complexes or high rise apartments ( 17.69%), duplexes, homes converted to apartments or other small apartment buildings ( 8.34%), and a few row houses and other attached homes ( 2.77%).
The most prevalent building size and type in Gastonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.73% owning and 45.27% renting.
There is a lot of housing in Gastonia 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 Gastonia built between 1940-1969 ( 31.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.52%). There's also some housing in Gastonia built before 1939 ( 7.36%).
In the last 10 years, Gastonia has experienced some of the highest home appreciation rates of any community in the nation. Gastonia real estate appreciated 146.64% over the last ten years, which is an average annual home appreciation rate of 9.45%, putting Gastonia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gastonia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Gastonia's appreciation rate, at 6.71%, has been at or slightly above the national average. In the latest quarter, Gastonia's appreciation rate has been 1.72%, which annualizes to a rate of 7.07%.
Relative to North Carolina, our data show that Gastonia's latest annual appreciation rate is lower than 50% 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 Gastonia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gastonia - 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 Gastonia real estate investment or home purchase decisions.
$291,193
for North carolina
for nation
31,151
$1,950 / per month