Goldsboro, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Goldsboro, NC Housing Market Trends

With a population of 34,186, 14,404 total housing units (homes and apartments), and a median house value of $137,011, house prices in Goldsboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Goldsboro, accounting for 50.00% of the city's housing units. Other types of housing that are prevalent in Goldsboro include large apartment complexes or high rise apartments ( 22.14%), duplexes, homes converted to apartments or other small apartment buildings ( 18.51%), and a few row houses and other attached homes ( 5.82%).

The most prevalent building size and type in Goldsboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.03% owning and 64.97% renting.

There is a lot of housing in Goldsboro 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 Goldsboro built between 1940-1969 ( 37.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Goldsboro built before 1939 ( 6.86%).

Vacant housing appears to be an issue in Goldsboro. Fully 12.36% of the housing stock is classified as vacant. Left unchecked, vacant Goldsboro homes and apartments can be a drag on the real estate market, holding Goldsboro 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.

Goldsboro Home Appreciation Rates

Goldsboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Goldsboro during the period has been just 2.06%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Goldsboro's appreciation rate, at 10.19%, has been at or slightly above the national average. In the latest quarter, Goldsboro's appreciation rate has been 3.41%, which annualizes to a rate of 14.36%.

Relative to North Carolina, our data show that Goldsboro's latest annual appreciation rate is lower than 50% 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 city. Individual neighborhoods within Goldsboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goldsboro - 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 Goldsboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$137,011

Goldsboro, NC HOME PRICES

> $1,181,000
1.1%
1.1%
$886,001 - $1,181,000
0.6%
0.6%
$590,001 - $886,000
0.7%
0.7%
$472,001 - $590,000
1.0%
1.0%
$354,001 - $472,000
3.0%
3.0%
$236,001 - $354,000
9.9%
9.9%
$118,001 - $236,000
50.2%
50.2%
$59,001 - $118,000
22.0%
22.0%
$0 - $59,000
11.6%
11.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for NC

Value Relative To Nation

Number Of Homes And Apartments:
14,404

Goldsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
39.21% 1.55%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,210 / per month

Homeownership Rate

Owners
35.0%
35.0%
Renters
65.0%
65.0%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.2%
15.2%
1970 - 1999
40.8%
40.8%
1940 - 1969
37.1%
37.1%
1939 or Older
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.0%
50.0%
Townhomes
5.8%
5.8%
Small Apt. Buildings
18.5%
18.5%
Apt. Complexes
22.1%
22.1%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.8%
3.8%
1 Bedroom
6.6%
6.6%
2 Bedrooms
34.9%
34.9%
3 Bedrooms
42.0%
42.0%
4 Bedrooms
11.5%
11.5%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES