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 470 people, 245 houses or apartments, and a median cost of homes of $342,731, Hayesville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hayesville, accounting for 75.09% of the town's housing units. Other types of housing that are prevalent in Hayesville include large apartment complexes or high rise apartments ( 12.29%), duplexes, homes converted to apartments or other small apartment buildings ( 6.83%), and a few mobile homes or trailers ( 5.80%).
People in Hayesville primarily live in small (one, two or no bedroom) single-family detached homes. Hayesville has a mixture of owner-occupied and renter-occupied housing.
The housing in Hayesville was primarily built before 1939 ( 34.13%), making the housing stock in Hayesville some of the oldest overall in America, although there is a range of ages of homes in Hayesville. The next most important housing age is between 1970-1999 ( 31.06%), followed by between 1940-1969 ( 21.84%). There's also some housing in Hayesville built between 2000 and later ( 12.97%).
Vacant housing appears to be an issue in Hayesville. Fully 16.38% of the housing stock is classified as vacant. Left unchecked, vacant Hayesville homes and apartments can be a drag on the real estate market, holding Hayesville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Hayesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.97%, which ranks in the top 30% nationwide. This equates to an annual average Hayesville house appreciation rate of 7.70%.
NeighborhoodScout's data show that during the latest twelve months, Hayesville's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Hayesville's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Hayesville's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
$342,731
for North carolina
for nation
245
$1,333 / per month