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 818 people, 331 houses or apartments, and a median cost of homes of $278,573, Old Fort 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 Old Fort, accounting for 65.67% of the town's housing units. Other types of housing that are prevalent in Old Fort include mobile homes or trailers ( 22.35%), duplexes, homes converted to apartments or other small apartment buildings ( 9.45%), and a few large apartment complexes or high rise apartments ( 2.07%).
The most prevalent building size and type in Old Fort are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.27% owning and 43.73% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Old Fort's housing was primarily built during this period, from the '40s through the '60s. A full 45.16% of the town's housing hails from this era. Other housing ages represented in Old Fort include homes built between 1970-1999 ( 27.19%) and housing constructed before 1939 ( 21.20%). There's also some housing in Old Fort built between 2000 and later ( 6.45%).
Vacant housing appears to be an issue in Old Fort. Fully 23.73% of the housing stock is classified as vacant. Left unchecked, vacant Old Fort homes and apartments can be a drag on the real estate market, holding Old Fort 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.
In the last 10 years, Old Fort has experienced some of the highest home appreciation rates of any community in the nation. Old Fort real estate appreciated 120.05% over the last ten years, which is an average annual home appreciation rate of 8.21%, putting Old Fort in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Old Fort 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, Old Fort's appreciation rate, at 7.85%, has been at or slightly above the national average. In the latest quarter, Old Fort's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Old Fort's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$278,573
for North carolina
for nation
331
$1,192 / per month