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 22,404, 7,631 total housing units (homes and apartments), and a median house value of $443,034, Arden real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Arden, accounting for 56.26% of the town's housing units. Other types of housing that are prevalent in Arden include large apartment complexes or high rise apartments ( 23.18%), mobile homes or trailers ( 11.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.20%).
The most prevalent building size and type in Arden are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.56% owning and 40.44% renting.
Arden homes and real estate are some of the newest in America. 45.81% of Arden'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 Arden real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.46%), and between 1940-1969 ( 10.25%). There's also some housing in Arden built before 1939 ( 1.48%).
Vacant housing appears to be an issue in Arden. Fully 25.85% of the housing stock is classified as vacant. Left unchecked, vacant Arden homes and apartments can be a drag on the real estate market, holding Arden 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 Arden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.36%, which ranks in the top 30% nationwide. This equates to an annual average Arden house appreciation rate of 7.72%.
Over the last year, Arden appreciation rates have trailed the rest of the nation. In the last twelve months, Arden's appreciation rate has been 2.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arden were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, Arden's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Arden's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$443,034
for North carolina
for nation
7,631
$2,961 / per month