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 2,719, 1,025 total housing units (homes and apartments), and a median house value of $135,890, house prices in Warsaw 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 Warsaw, accounting for 49.96% of the town's housing units. Other types of housing that are prevalent in Warsaw include duplexes, homes converted to apartments or other small apartment buildings ( 17.54%), large apartment complexes or high rise apartments ( 17.16%), and a few mobile homes or trailers ( 11.94%).
Renters dominate Warsaw's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Warsaw 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 Warsaw built between 1940-1969 ( 34.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.13%). There's also some housing in Warsaw built before 1939 ( 1.44%).
Vacant housing appears to be an issue in Warsaw. Fully 22.52% of the housing stock is classified as vacant. Left unchecked, vacant Warsaw homes and apartments can be a drag on the real estate market, holding Warsaw 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 Warsaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.13%, which ranks in the top 40% nationwide. This equates to an annual average Warsaw house appreciation rate of 7.29%.
NeighborhoodScout's data show that during the latest twelve months, Warsaw's appreciation rate, at 7.44%, has been at or slightly above the national average. In the latest quarter, Warsaw's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Warsaw's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$135,890
for North carolina
for nation
1,025
$1,460 / per month