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 11,485 people, 4,357 houses or apartments, and a median cost of homes of $292,154, Supply real estate and house prices are near the national average for all cities and towns.
Mobile homes or trailers are the single most common housing type in Supply, accounting for 48.24% of the town's housing units. Other types of housing that are prevalent in Supply include single-family detached homes ( 46.47%), large apartment complexes or high rise apartments ( 3.81%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Supply. Owner-occupied housing accounts for 81.03% of Supply's homes, and 62.13% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Supply 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 Supply built between 2000 and later ( 29.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.44%).
A decent proportion of the Supply housing stock is seasonally occupied. That is, homes and condos in Supply are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Supply housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Supply has experienced some of the highest home appreciation rates of any community in the nation. Supply real estate appreciated 122.60% over the last ten years, which is an average annual home appreciation rate of 8.33%, putting Supply in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Supply 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, Supply's appreciation rate, at 7.55%, has been at or slightly above the national average. In the latest quarter, Supply's appreciation rate has been 0.62%, which annualizes to a rate of 2.49%.
Relative to North Carolina, our data show that Supply's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$292,154
for North carolina
for nation
4,357
$1,488 / per month