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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.



Vanceboro, 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

Vanceboro, NC Housing Market Trends

With a population of 874, 406 total housing units (homes and apartments), and a median house value of $183,431, house prices in Vanceboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Vanceboro, accounting for 62.00% of the town's housing units. Other types of housing that are prevalent in Vanceboro include large apartment complexes or high rise apartments ( 23.11%), mobile homes or trailers ( 7.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.67%).

The most prevalent building size and type in Vanceboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.30% owning and 50.70% renting.

There is a lot of housing in Vanceboro 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 Vanceboro built between 2000 and later ( 27.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.33%). There's also some housing in Vanceboro built before 1939 ( 8.44%).

Vanceboro Home Appreciation Rates

Appreciation rates for homes in Vanceboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.30%, which ranks in the top 30% nationwide. This equates to an annual average Vanceboro house appreciation rate of 7.87%.

Over the last year, Vanceboro appreciation rates have trailed the rest of the nation. In the last twelve months, Vanceboro's appreciation rate has been 3.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vanceboro were at 4.29%, which equates to an annual appreciation rate of 18.30%.

Importantly, this makes Vanceboro one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$183,431

Vanceboro, NC Home Prices
> $1,533,000
$1,149,001 - $1,533,000
$766,001 - $1,149,000
$613,001 - $766,000
$460,001 - $613,000
$306,001 - $460,000
$153,001 - $306,000
$77,001 - $153,000
$0 - $77,000
1.9%
1.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
13.5%
13.5%
43.4%
43.4%
20.6%
20.6%
20.6%
20.6%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

406

Vanceboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,298 / per month

Homeownership Rate

Owners
Renters
49.3%
49.3%
50.7%
50.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.8%
9.8%
90.2%
90.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.1%
27.1%
39.1%
39.1%
25.3%
25.3%
8.4%
8.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.0%
62.0%
3.1%
3.1%
4.7%
4.7%
23.1%
23.1%
7.1%
7.1%
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
3.3%
3.3%
9.1%
9.1%
34.7%
34.7%
46.7%
46.7%
2.4%
2.4%
3.8%
3.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Vanceboro

Zip Codes in Vanceboro, NC