Wingate, 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

Wingate, NC Housing Market Trends

With 4,594 people, 1,002 houses or apartments, and a median cost of homes of $181,719, Wingate 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 Wingate, accounting for 79.32% of the town's housing units. Other types of housing that are prevalent in Wingate include duplexes, homes converted to apartments or other small apartment buildings ( 12.86%), large apartment complexes or high rise apartments ( 6.74%), and a few mobile homes or trailers ( 1.08%).

The most prevalent building size and type in Wingate are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.10% owning and 56.90% renting.

There is a lot of housing in Wingate 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 Wingate built between 2000 and later ( 36.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.13%). There's also some housing in Wingate built before 1939 ( 3.96%).

Wingate Home Appreciation Rates

In the last 10 years, Wingate has experienced some of the highest home appreciation rates of any community in the nation. Wingate real estate appreciated 69.61% over the last ten years, which is an average annual home appreciation rate of 5.43%, putting Wingate in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wingate 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 Wingate that despite a nationwide downturn in the housing market, Wingate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wingate appreciation rates continue to be some of the highest in America, at 13.38%, which is higher than appreciation rates in 90.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wingate. Wingate appreciation rates in the latest quarter were at 3.13%, which equates to an annual appreciation rate of 13.14%.

Relative to North Carolina, our data show that Wingate's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$181,719

Wingate, NC HOME PRICES

> $1,333,000
1.1%
1.1%
$999,001 - $1,333,000
0.2%
0.2%
$666,001 - $999,000
1.0%
1.0%
$533,001 - $666,000
0.2%
0.2%
$400,001 - $533,000
2.7%
2.7%
$267,001 - $400,000
13.9%
13.9%
$133,001 - $267,000
63.9%
63.9%
$67,001 - $133,000
14.1%
14.1%
$0 - $67,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for NC

Value Relative To Nation

Number Of Homes And Apartments:
1,002

Wingate 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
75.73% 2.66%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,429 / per month

Homeownership Rate

Owners
43.1%
43.1%
Renters
56.9%
56.9%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
36.2%
36.2%
1970 - 1999
38.8%
38.8%
1940 - 1969
21.1%
21.1%
1939 or Older
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.3%
79.3%
Townhomes
0.0%
0.0%
Small Apt. Buildings
12.9%
12.9%
Apt. Complexes
6.7%
6.7%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
3.6%
3.6%
2 Bedrooms
23.8%
23.8%
3 Bedrooms
60.9%
60.9%
4 Bedrooms
10.3%
10.3%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES