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 632, 234 total housing units (homes and apartments), and a median house value of $314,291, Whitakers 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 Whitakers, accounting for 62.17% of the town's housing units. Other types of housing that are prevalent in Whitakers include mobile homes or trailers ( 28.74%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%).
The most prevalent building size and type in Whitakers are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.55% owning and 41.45% renting.
There is a lot of housing in Whitakers 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 Whitakers built between 2000 and later ( 29.33%). A lesser amount of the housing stock also hails from before 1939 ( 21.11%). There's also some housing in Whitakers built between 1940-1969 ( 14.37%).
Vacant housing appears to be an issue in Whitakers. Fully 31.38% of the housing stock is classified as vacant. Left unchecked, vacant Whitakers homes and apartments can be a drag on the real estate market, holding Whitakers 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, Whitakers has experienced some of the highest home appreciation rates of any community in the nation. Whitakers real estate appreciated 116.95% over the last ten years, which is an average annual home appreciation rate of 8.05%, putting Whitakers in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Whitakers definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Whitakers that despite a nationwide downturn in the housing market, Whitakers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitakers appreciation rates continue to be some of the highest in America, at 18.99%, which is higher than appreciation rates in 99.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitakers. Whitakers appreciation rates in the latest quarter were at -2.70%, which equates to an annual appreciation rate of -10.37%.
Notably, Whitakers's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Whitakers's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.
$314,291
for North carolina
for nation
234
$1,271 / per month