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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.



Salisbury, 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 Q4 2023. 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

Salisbury, NC Housing Market Trends

With a population of 35,808, 13,258 total housing units (homes and apartments), and a median house value of $260,847, Salisbury 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 Salisbury, accounting for 59.64% of the city's housing units. Other types of housing that are prevalent in Salisbury include large apartment complexes or high rise apartments ( 22.04%), duplexes, homes converted to apartments or other small apartment buildings ( 10.48%), and a few mobile homes or trailers ( 5.02%).

The most prevalent building size and type in Salisbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.86% owning and 54.14% renting.

There is a lot of housing in Salisbury 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 Salisbury built between 1940-1969 ( 28.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.01%). There's also some housing in Salisbury built before 1939 ( 13.84%).

Vacant housing appears to be an issue in Salisbury. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Salisbury homes and apartments can be a drag on the real estate market, holding Salisbury 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.

Salisbury Home Appreciation Rates

Appreciation rates for homes in Salisbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.78%, which ranks in the top 30% nationwide. This equates to an annual average Salisbury house appreciation rate of 7.48%.

Over the last year, Salisbury appreciation rates have trailed the rest of the nation. In the last twelve months, Salisbury's appreciation rate has been 4.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salisbury were at 0.72%, which equates to an annual appreciation rate of 2.90%.

Relative to North Carolina, our data show that Salisbury's latest annual appreciation rate is lower than 80% 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 Salisbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Salisbury - 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 Salisbury real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$260,847

Salisbury, NC Home Prices
> $1,411,000
$1,058,001 - $1,411,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.7%
0.7%
1.3%
1.3%
2.8%
2.8%
5.0%
5.0%
12.1%
12.1%
25.7%
25.7%
35.0%
35.0%
12.9%
12.9%
4.6%
4.6%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

13,258

Salisbury Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,653 / per month

Homeownership Rate

Owners
Renters
45.9%
45.9%
54.1%
54.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.2%
12.2%
87.8%
87.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.0%
23.0%
34.7%
34.7%
28.4%
28.4%
13.8%
13.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.6%
59.6%
2.8%
2.8%
10.5%
10.5%
22.0%
22.0%
5.0%
5.0%
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
2.1%
2.1%
7.8%
7.8%
34.1%
34.1%
41.4%
41.4%
12.3%
12.3%
2.3%
2.3%
0% 100.0%
% of Homes