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 71,065, 22,965 total housing units (homes and apartments), and a median house value of $628,519, Apex house prices are not only among the most expensive in North Carolina, Apex real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Apex, accounting for 68.58% of the town's housing units. Other types of housing that are prevalent in Apex include large apartment complexes or high rise apartments ( 14.12%), row houses and other attached homes ( 13.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apex. Owner-occupied housing accounts for 75.05% of Apex's homes, and 69.80% have either three or four bedrooms, which is average sized relative to America.
Apex homes and real estate are some of the newest in America. 63.90% of Apex'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 Apex real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.08%), and between 1940-1969 ( 2.29%).
In the last 10 years, Apex has experienced some of the highest home appreciation rates of any community in the nation. Apex real estate appreciated 123.81% over the last ten years, which is an average annual home appreciation rate of 8.39%, putting Apex in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Apex definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Apex's appreciation rate, at 5.98%, has been at or slightly above the national average. In the latest quarter, Apex's appreciation rate has been 1.24%, which annualizes to a rate of 5.07%.
Relative to North Carolina, our data show that Apex's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Apex differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apex - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Apex real estate investment or home purchase decisions.
$628,519
for North carolina
for nation
22,965
$2,994 / per month