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 7,425, 3,004 total housing units (homes and apartments), and a median house value of $244,612, house prices in King are solidly below the national average.
Single-family detached homes are the single most common housing type in King, accounting for 75.69% of the city's housing units. Other types of housing that are prevalent in King include duplexes, homes converted to apartments or other small apartment buildings ( 10.25%), large apartment complexes or high rise apartments ( 5.71%), and a few mobile homes or trailers ( 4.67%).
The most prevalent building size and type in King are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.33% owning and 36.68% renting.
There is a lot of housing in King 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 King built between 2000 and later ( 28.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.04%). There's also some housing in King built before 1939 ( 1.23%).
Appreciation rates for homes in King have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.45%, which ranks in the top 40% nationwide. This equates to an annual average King house appreciation rate of 7.25%.
Over the last year, King appreciation rates have trailed the rest of the nation. In the last twelve months, King's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King were at 4.67%, which equates to an annual appreciation rate of 20.03%.
Importantly, this makes King one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to North Carolina, our data show that King's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
$244,612
for North carolina
for nation
3,004
$1,371 / per month