menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Catawba, NC Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Catawba, NC Housing Market Trends

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.

Catawba Home Appreciation Rates

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.

Average Home Values

Median Home Value

$264,774

Catawba, NC Home Prices
> $1,275,000
$956,001 - $1,275,000
$638,001 - $956,000
$510,001 - $638,000
$383,001 - $510,000
$255,001 - $383,000
$127,001 - $255,000
$64,001 - $127,000
$0 - $64,000
0.4%
0.4%
4.6%
4.6%
3.1%
3.1%
4.2%
4.2%
5.5%
5.5%
35.1%
35.1%
28.2%
28.2%
14.8%
14.8%
4.1%
4.1%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

322

Catawba Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,084 / per month

Homeownership Rate

Owners
Renters
70.2%
70.2%
29.8%
29.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.7%
7.7%
31.5%
31.5%
47.0%
47.0%
13.8%
13.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.7%
86.7%
0.0%
0.0%
1.4%
1.4%
5.8%
5.8%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
12.2%
12.2%
40.3%
40.3%
36.2%
36.2%
6.4%
6.4%
5.0%
5.0%
0% 100.0%
% of Homes