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 2,684, 1,083 total housing units (homes and apartments), and a median house value of $251,482, house prices in Liberty are solidly below the national average.
Single-family detached homes are the single most common housing type in Liberty, accounting for 69.32% of the town's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 17.67%), duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), and a few mobile homes or trailers ( 5.33%).
The most prevalent building size and type in Liberty are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.89% owning and 48.11% renting.
There is a lot of housing in Liberty 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 Liberty built between 1940-1969 ( 26.80%). A lesser amount of the housing stock also hails from before 1939 ( 8.37%). There's also some housing in Liberty built between 2000 and later ( 8.20%).
Appreciation rates for homes in Liberty have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.78%, which ranks in the top 30% nationwide. This equates to an annual average Liberty house appreciation rate of 7.74%.
Appreciation rates are so strong in Liberty that despite a nationwide downturn in the housing market, Liberty real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Liberty appreciation rates continue to be some of the highest in America, at 8.82%, which is higher than appreciation rates in 79.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Liberty. Liberty appreciation rates in the latest quarter were at 3.97%, which equates to an annual appreciation rate of 16.84%.
Importantly, this makes Liberty 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 Liberty's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
$251,482
for North carolina
for nation
1,083
$1,338 / per month