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 1,295 people, 537 houses or apartments, and a median cost of homes of $321,818, Stedman real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Stedman, accounting for 93.64% of the town's housing units. Other types of housing that are prevalent in Stedman include mobile homes or trailers ( 2.48%), duplexes, homes converted to apartments or other small apartment buildings ( 2.02%), and a few large apartment complexes or high rise apartments ( 1.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stedman. Owner-occupied housing accounts for 89.94% of Stedman's homes, and 87.44% have either three or four bedrooms, which is average sized relative to America.
Stedman homes and real estate are some of the newest in America. 59.69% of Stedman's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Stedman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.95%), and between 1940-1969 ( 12.40%). There's also some housing in Stedman built before 1939 ( 4.96%).
Vacant housing appears to be an issue in Stedman. Fully 16.74% of the housing stock is classified as vacant. Left unchecked, vacant Stedman homes and apartments can be a drag on the real estate market, holding Stedman 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.
Real estate appreciation rates in Stedman's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.82% during the period.
Over the last year, Stedman appreciation rates have trailed the rest of the nation. In the last twelve months, Stedman's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stedman were at 1.65%, which equates to an annual appreciation rate of 6.77%.
Relative to North Carolina, our data show that Stedman's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
$321,818
for North carolina
for nation
537
$1,602 / per month