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 545, 256 total housing units (homes and apartments), and a median house value of $214,997, house prices in Riegelwood are solidly below the national average.
Single-family detached homes are the single most common housing type in Riegelwood, accounting for 89.08% of the town's housing units. Other types of housing that are prevalent in Riegelwood include mobile homes or trailers ( 10.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riegelwood. Owner-occupied housing accounts for 78.13% of Riegelwood's homes, and 82.75% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Riegelwood's housing was primarily built during this period, from the '40s through the '60s. A full 47.18% of the town's housing hails from this era. Other housing ages represented in Riegelwood include homes built between 1970-1999 ( 23.59%) and housing constructed before 1939 ( 22.54%). There's also some housing in Riegelwood built between 2000 and later ( 6.69%).
Appreciation rates for homes in Riegelwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.69%, which ranks in the top 30% nationwide. This equates to an annual average Riegelwood house appreciation rate of 7.53%.
NeighborhoodScout's data show that during the latest twelve months, Riegelwood's appreciation rate, at 7.75%, has been at or slightly above the national average. In the latest quarter, Riegelwood's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Riegelwood's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$214,997
for North carolina
for nation
256
$1,591 / per month