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 2,548, 1,078 total housing units (homes and apartments), and a median house value of $295,945, Sneads Ferry 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 Sneads Ferry, accounting for 68.30% of the town's housing units. Other types of housing that are prevalent in Sneads Ferry include mobile homes or trailers ( 20.55%), row houses and other attached homes ( 7.30%), and a few large apartment complexes or high rise apartments ( 1.87%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sneads Ferry. Owner-occupied housing accounts for 77.18% of Sneads Ferry's homes, and 63.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sneads Ferry 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 Sneads Ferry built between 1940-1969 ( 27.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.64%).
Vacant housing appears to be an issue in Sneads Ferry. Fully 37.07% of the housing stock is classified as vacant. Left unchecked, vacant Sneads Ferry homes and apartments can be a drag on the real estate market, holding Sneads Ferry real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Sneads Ferry has experienced some of the highest home appreciation rates of any community in the nation. Sneads Ferry real estate appreciated 141.46% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Sneads Ferry in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sneads Ferry 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, Sneads Ferry's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Sneads Ferry's appreciation rate has been 1.10%, which annualizes to a rate of 4.46%.
Relative to North Carolina, our data show that Sneads Ferry's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
$295,945
for North carolina
for nation
1,078
$2,379 / per month