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 2,457 people, 958 houses or apartments, and a median cost of homes of $305,524, Four Oaks real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Four Oaks, accounting for 76.23% of the town's housing units. Other types of housing that are prevalent in Four Oaks include mobile homes or trailers ( 11.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 4.58%).
The most prevalent building size and type in Four Oaks are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.27% owning and 50.73% renting.
There is a lot of housing in Four Oaks 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 Four Oaks built between 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.07%).
Vacant housing appears to be an issue in Four Oaks. Fully 15.67% of the housing stock is classified as vacant. Left unchecked, vacant Four Oaks homes and apartments can be a drag on the real estate market, holding Four Oaks 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 Four Oaks have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.90%, which ranks in the top 40% nationwide. This equates to an annual average Four Oaks house appreciation rate of 7.12%.
Over the last year, Four Oaks appreciation rates have trailed the rest of the nation. In the last twelve months, Four Oaks's appreciation rate has been 2.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Four Oaks were at 1.24%, which equates to an annual appreciation rate of 5.07%.
Relative to North Carolina, our data show that Four Oaks's latest annual appreciation rate is lower than 80% 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 Four Oaks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Four Oaks - 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 Four Oaks real estate investment or home purchase decisions.
$305,524
for North carolina
for nation
958
$1,898 / per month