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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.



Troutman, 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

Troutman, NC Housing Market Trends

With 3,888 people, 1,376 houses or apartments, and a median cost of homes of $359,762, Troutman real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Troutman, accounting for 94.07% of the town's housing units. Other types of housing that are prevalent in Troutman include duplexes, homes converted to apartments or other small apartment buildings ( 3.41%), row houses and other attached homes ( 2.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Troutman. Owner-occupied housing accounts for 71.34% of Troutman's homes, and 67.35% have either three or four bedrooms, which is average sized relative to America.

Troutman homes and real estate are some of the newest in America. 47.99% of Troutman's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Troutman real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 20.86%), and between 1970-1999 ( 19.90%). There's also some housing in Troutman built before 1939 ( 11.25%).

Troutman Home Appreciation Rates

In the last 10 years, Troutman has experienced some of the highest home appreciation rates of any community in the nation. Troutman real estate appreciated 123.71% over the last ten years, which is an average annual home appreciation rate of 8.38%, putting Troutman in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Troutman definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Troutman that despite a nationwide downturn in the housing market, Troutman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Troutman appreciation rates continue to be some of the highest in America, at 9.84%, which is higher than appreciation rates in 86.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Troutman. Troutman appreciation rates in the latest quarter were at 1.72%, which equates to an annual appreciation rate of 7.07%.

Relative to North Carolina, our data show that Troutman's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$359,762

Troutman, NC Home Prices
> $1,594,000
$1,196,001 - $1,594,000
$797,001 - $1,196,000
$638,001 - $797,000
$478,001 - $638,000
$319,001 - $478,000
$159,001 - $319,000
$80,001 - $159,000
$0 - $80,000
1.5%
1.5%
2.5%
2.5%
5.7%
5.7%
6.7%
6.7%
13.3%
13.3%
30.4%
30.4%
26.0%
26.0%
10.9%
10.9%
2.9%
2.9%
0% 100.0%
% of Homes
High

for North carolina

High

for nation

Number of Homes And Apartments:

1,376

Troutman Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,390 / per month

Homeownership Rate

Owners
Renters
71.3%
71.3%
28.7%
28.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.2%
6.2%
93.8%
93.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
48.0%
48.0%
19.9%
19.9%
20.9%
20.9%
11.2%
11.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.1%
94.1%
2.2%
2.2%
3.4%
3.4%
0.0%
0.0%
0.3%
0.3%
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%
1.7%
1.7%
20.6%
20.6%
42.7%
42.7%
24.6%
24.6%
10.4%
10.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Troutman

Zip Codes in Troutman, NC