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 3,656, 1,452 total housing units (homes and apartments), and a median house value of $194,262, house prices in Wilkesboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Wilkesboro, accounting for 55.34% of the town's housing units. Other types of housing that are prevalent in Wilkesboro include large apartment complexes or high rise apartments ( 34.97%), duplexes, homes converted to apartments or other small apartment buildings ( 5.31%), and a few mobile homes or trailers ( 4.38%).
People in Wilkesboro primarily live in small (one, two or no bedroom) single-family detached homes. Wilkesboro has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Wilkesboro 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 Wilkesboro built between 1940-1969 ( 36.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.05%). There's also some housing in Wilkesboro built before 1939 ( 3.15%).
Vacant housing appears to be an issue in Wilkesboro. Fully 15.24% of the housing stock is classified as vacant. Left unchecked, vacant Wilkesboro homes and apartments can be a drag on the real estate market, holding Wilkesboro 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.
Real estate appreciation rates in Wilkesboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.
NeighborhoodScout's data show that during the latest twelve months, Wilkesboro's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Wilkesboro's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Wilkesboro's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$194,262
for North carolina
for nation
1,452
$1,221 / per month