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 40,810 people, 12,449 houses or apartments, and a median cost of homes of $482,909, Fuquay-Varina real estate is some of the most expensive in North Carolina, although Fuquay-Varina home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fuquay-Varina, accounting for 80.41% of the town's housing units. Other types of housing that are prevalent in Fuquay-Varina include large apartment complexes or high rise apartments ( 15.08%), row houses and other attached homes ( 2.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fuquay-Varina. Owner-occupied housing accounts for 71.50% of Fuquay-Varina's homes, and 68.22% have either three or four bedrooms, which is average sized relative to America.
Fuquay-Varina homes and real estate are some of the newest in America. 70.23% of Fuquay-Varina'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 Fuquay-Varina real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.07%), and between 1940-1969 ( 5.89%).
In the last 10 years, Fuquay-Varina has experienced some of the highest home appreciation rates of any community in the nation. Fuquay-Varina real estate appreciated 122.46% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Fuquay-Varina in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fuquay-Varina definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Fuquay-Varina appreciation rates have trailed the rest of the nation. In the last twelve months, Fuquay-Varina's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fuquay-Varina were at 1.24%, which equates to an annual appreciation rate of 5.07%.
Relative to North Carolina, our data show that Fuquay-Varina's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Fuquay-Varina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fuquay-Varina - 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 Fuquay-Varina real estate investment or home purchase decisions.
$482,909
for North carolina
for nation
12,449
$2,457 / per month