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 612, 362 total housing units (homes and apartments), and a median house value of $111,538, house prices in Wagram are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Wagram, accounting for 90.32% of the town's housing units. Other types of housing that are prevalent in Wagram include mobile homes or trailers ( 8.11%), duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wagram. Owner-occupied housing accounts for 73.60% of Wagram's homes, and 79.28% have either three or four bedrooms, which is average sized relative to America.
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. Wagram's housing was primarily built during this period, from the '40s through the '60s. A full 50.45% of the town's housing hails from this era. Other housing ages represented in Wagram include homes built between 1970-1999 ( 38.96%) and housing constructed between 2000 and later ( 6.08%). There's also some housing in Wagram built before 1939 ( 4.50%).
Vacant housing appears to be an issue in Wagram. Fully 18.47% of the housing stock is classified as vacant. Left unchecked, vacant Wagram homes and apartments can be a drag on the real estate market, holding Wagram 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 Wagram's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.05% during the period.
NeighborhoodScout's data show that during the latest twelve months, Wagram's appreciation rate, at 7.56%, has been at or slightly above the national average. In the latest quarter, Wagram's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Wagram's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$111,538
for North carolina
for nation
362
$1,036 / per month