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 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%).
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.
$183,431
for North carolina
for nation
406
$1,298 / per month