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 4,678, 1,962 total housing units (homes and apartments), and a median house value of $612,331, Weaverville house prices are not only among the most expensive in North Carolina, Weaverville 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 Weaverville, accounting for 75.73% of the town's housing units. Other types of housing that are prevalent in Weaverville include large apartment complexes or high rise apartments ( 11.08%), row houses and other attached homes ( 6.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weaverville. Owner-occupied housing accounts for 73.03% of Weaverville's homes, and 58.78% have either three or four bedrooms, which is average sized relative to America.
Weaverville homes and real estate are some of the newest in America. 37.95% of Weaverville'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 Weaverville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.54%), and before 1939 ( 18.35%). There's also some housing in Weaverville built between 1940-1969 ( 12.15%).
Vacant housing appears to be an issue in Weaverville. Fully 18.89% of the housing stock is classified as vacant. Left unchecked, vacant Weaverville homes and apartments can be a drag on the real estate market, holding Weaverville 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 Weaverville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.27%, which ranks in the top 30% nationwide. This equates to an annual average Weaverville house appreciation rate of 7.97%.
Over the last year, Weaverville appreciation rates have trailed the rest of the nation. In the last twelve months, Weaverville's appreciation rate has been 2.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weaverville were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, Weaverville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Weaverville's latest annual appreciation rate is lower than 90% 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 Weaverville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weaverville - 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 Weaverville real estate investment or home purchase decisions.
$612,331
for North carolina
for nation
1,962
$2,562 / per month