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 8,166, 3,530 total housing units (homes and apartments), and a median house value of $198,299, house prices in Roxboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Roxboro, accounting for 63.74% of the city's housing units. Other types of housing that are prevalent in Roxboro include mobile homes or trailers ( 15.30%), duplexes, homes converted to apartments or other small apartment buildings ( 10.89%), and a few large apartment complexes or high rise apartments ( 9.43%).
The most prevalent building size and type in Roxboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.85% owning and 52.15% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Roxboro's housing was primarily built during this period, from the '40s through the '60s. A full 40.97% of the city's housing hails from this era. Other housing ages represented in Roxboro include homes built between 1970-1999 ( 37.17%) and housing constructed before 1939 ( 12.21%). There's also some housing in Roxboro built between 2000 and later ( 9.64%).
Appreciation rates for homes in Roxboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.75%, which ranks in the top 50% nationwide. This equates to an annual average Roxboro house appreciation rate of 6.67%.
Appreciation rates are so strong in Roxboro that despite a nationwide downturn in the housing market, Roxboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roxboro appreciation rates continue to be some of the highest in America, at 8.49%, which is higher than appreciation rates in 75.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roxboro. Roxboro appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.98%.
Relative to North Carolina, our data show that Roxboro's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Roxboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roxboro - 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 Roxboro real estate investment or home purchase decisions.
$198,299
for North carolina
for nation
3,530
$1,516 / per month