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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.



Gastonia, 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

Gastonia, NC Housing Market Trends

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%).

Gastonia Home Appreciation Rates

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.

Average Home Values

Median Home Value

$291,193

Gastonia, NC Home Prices
> $1,502,000
$1,126,001 - $1,502,000
$751,001 - $1,126,000
$601,001 - $751,000
$451,001 - $601,000
$301,001 - $451,000
$150,001 - $301,000
$75,001 - $150,000
$0 - $75,000
0.2%
0.2%
0.4%
0.4%
2.5%
2.5%
4.6%
4.6%
11.1%
11.1%
29.2%
29.2%
37.8%
37.8%
10.7%
10.7%
3.5%
3.5%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

31,151

Gastonia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,950 / per month

Homeownership Rate

Owners
Renters
54.7%
54.7%
45.3%
45.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.6%
9.6%
90.4%
90.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.5%
23.5%
38.1%
38.1%
31.0%
31.0%
7.4%
7.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.4%
69.4%
2.8%
2.8%
8.3%
8.3%
17.7%
17.7%
1.8%
1.8%
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
1.5%
1.5%
9.1%
9.1%
30.4%
30.4%
43.1%
43.1%
13.0%
13.0%
3.0%
3.0%
0% 100.0%
% of Homes