menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Vass, NC Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Vass, NC Housing Market Trends

With 1,002 people, 398 houses or apartments, and a median cost of homes of $356,395, Vass real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Vass, accounting for 88.54% of the town's housing units. Other types of housing that are prevalent in Vass include large apartment complexes or high rise apartments ( 4.79%), mobile homes or trailers ( 4.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vass. Owner-occupied housing accounts for 71.36% of Vass's homes, and 63.33% have either three or four bedrooms, which is average sized relative to America.

Vass homes and real estate are some of the newest in America. 37.08% of Vass'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 Vass real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.04%), and between 1940-1969 ( 25.21%). There's also some housing in Vass built before 1939 ( 6.67%).

Vacant housing appears to be an issue in Vass. Fully 17.08% of the housing stock is classified as vacant. Left unchecked, vacant Vass homes and apartments can be a drag on the real estate market, holding Vass 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.

Vass Home Appreciation Rates

Appreciation rates for homes in Vass have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.91%, which ranks in the top 40% nationwide. This equates to an annual average Vass house appreciation rate of 7.33%.

NeighborhoodScout's data show that during the latest twelve months, Vass's appreciation rate, at 6.98%, has been at or slightly above the national average. In the latest quarter, Vass's appreciation rate has been 1.46%, which annualizes to a rate of 5.96%.

Relative to North Carolina, our data show that Vass's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$356,395

Vass, NC Home Prices
> $1,490,000
$1,117,001 - $1,490,000
$745,001 - $1,117,000
$596,001 - $745,000
$447,001 - $596,000
$298,001 - $447,000
$149,001 - $298,000
$75,001 - $149,000
$0 - $75,000
5.6%
5.6%
3.7%
3.7%
10.9%
10.9%
3.7%
3.7%
15.6%
15.6%
18.3%
18.3%
23.9%
23.9%
6.5%
6.5%
11.7%
11.7%
0% 100.0%
% of Homes
High

for North carolina

High

for nation

Number of Homes And Apartments:

398

Vass Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,417 / per month

Homeownership Rate

Owners
Renters
71.4%
71.4%
28.6%
28.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.1%
17.1%
82.9%
82.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
37.1%
37.1%
31.0%
31.0%
25.2%
25.2%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
88.5%
88.5%
0.8%
0.8%
1.7%
1.7%
4.8%
4.8%
4.2%
4.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
1.9%
1.9%
22.9%
22.9%
33.5%
33.5%
29.8%
29.8%
10.4%
10.4%
0% 100.0%
% of Homes