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 704, 322 total housing units (homes and apartments), and a median house value of $264,774, Catawba 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 Catawba, accounting for 86.74% of the town's housing units. Other types of housing that are prevalent in Catawba include mobile homes or trailers ( 6.08%), large apartment complexes or high rise apartments ( 5.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.38%).
Dwellings in Catawba tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.49% of the homes in Catawba have two or fewer bedrooms.
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. Catawba's housing was primarily built during this period, from the '40s through the '60s. A full 46.96% of the town's housing hails from this era. Other housing ages represented in Catawba include homes built between 1970-1999 ( 31.49%) and housing constructed before 1939 ( 13.81%). There's also some housing in Catawba built between 2000 and later ( 7.73%).
Vacant housing appears to be an issue in Catawba. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Catawba homes and apartments can be a drag on the real estate market, holding Catawba 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 Catawba have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.68%, which ranks in the top 50% nationwide. This equates to an annual average Catawba house appreciation rate of 6.55%.
Over the last year, Catawba appreciation rates have trailed the rest of the nation. In the last twelve months, Catawba's appreciation rate has been -1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Catawba were at 1.62%, which equates to an annual appreciation rate of 6.65%.
Relative to North Carolina, our data show that Catawba's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$264,774
for North carolina
for nation
322
$2,084 / per month