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 845, 465 total housing units (homes and apartments), and a median house value of $161,620, house prices in Warrenton are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Warrenton, accounting for 74.87% of the town's housing units. Other types of housing that are prevalent in Warrenton include large apartment complexes or high rise apartments ( 16.41%), mobile homes or trailers ( 4.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.25%).
The most prevalent building size and type in Warrenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.43% owning and 39.57% renting.
The housing in Warrenton was primarily built before 1939 ( 42.74%), making the housing stock in Warrenton some of the oldest overall in America, although there is a range of ages of homes in Warrenton. The next most important housing age is between 1940-1969 ( 38.46%), followed by between 1970-1999 ( 17.27%). There's also some housing in Warrenton built between 2000 and later ( 1.54%).
Vacant housing appears to be an issue in Warrenton. Fully 20.51% of the housing stock is classified as vacant. Left unchecked, vacant Warrenton homes and apartments can be a drag on the real estate market, holding Warrenton 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.
Appreciation rates for homes in Warrenton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.51%, which ranks in the top 30% nationwide. This equates to an annual average Warrenton house appreciation rate of 7.62%.
NeighborhoodScout's data show that during the latest twelve months, Warrenton's appreciation rate, at 7.52%, has been at or slightly above the national average. In the latest quarter, Warrenton's appreciation rate has been 1.46%, which annualizes to a rate of 5.96%.
Relative to North Carolina, our data show that Warrenton's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$161,620
for North carolina
for nation
465
$1,222 / per month