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 4,687, 1,955 total housing units (homes and apartments), and a median house value of $214,554, house prices in Valdese are solidly below the national average.
Single-family detached homes are the single most common housing type in Valdese, accounting for 75.33% of the town's housing units. Other types of housing that are prevalent in Valdese include large apartment complexes or high rise apartments ( 9.22%), duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), and a few mobile homes or trailers ( 6.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Valdese. Owner-occupied housing accounts for 73.28% of Valdese's homes, and 53.88% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Valdese 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 Valdese built between 1940-1969 ( 36.77%). A lesser amount of the housing stock also hails from before 1939 ( 13.66%). There's also some housing in Valdese built between 2000 and later ( 12.48%).
Appreciation rates for homes in Valdese have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.23%, which ranks in the top 30% nationwide. This equates to an annual average Valdese house appreciation rate of 7.51%.
Appreciation rates are so strong in Valdese that despite a nationwide downturn in the housing market, Valdese real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Valdese appreciation rates continue to be some of the highest in America, at 11.44%, which is higher than appreciation rates in 92.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Valdese. Valdese appreciation rates in the latest quarter were at 1.62%, which equates to an annual appreciation rate of 6.65%.
Relative to North Carolina, our data show that Valdese's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.
$214,554
for North carolina
for nation
1,955
$1,267 / per month