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 749, 479 total housing units (homes and apartments), and a median house value of $188,912, house prices in Chocowinity are solidly below the national average.
Single-family detached homes are the single most common housing type in Chocowinity, accounting for 49.61% of the town's housing units. Other types of housing that are prevalent in Chocowinity include large apartment complexes or high rise apartments ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 14.12%), and a few mobile homes or trailers ( 11.57%).
The most prevalent building size and type in Chocowinity are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.11% owning and 56.89% renting.
There is a lot of housing in Chocowinity 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 Chocowinity built between 2000 and later ( 32.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.16%). There's also some housing in Chocowinity built before 1939 ( 6.27%).
Appreciation rates for homes in Chocowinity have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.83%, which ranks in the top 30% nationwide. This equates to an annual average Chocowinity house appreciation rate of 7.64%.
NeighborhoodScout's data show that during the latest twelve months, Chocowinity's appreciation rate, at 7.19%, has been at or slightly above the national average. In the latest quarter, Chocowinity's appreciation rate has been 2.03%, which annualizes to a rate of 8.36%.
Relative to North Carolina, our data show that Chocowinity's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
$188,912
for North carolina
for nation
479
$1,526 / per month