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 1,326 people, 474 houses or apartments, and a median cost of homes of $228,527, house prices in Stoneville are solidly below the national average.
Single-family detached homes are the single most common housing type in Stoneville, accounting for 70.16% of the town's housing units. Other types of housing that are prevalent in Stoneville include mobile homes or trailers ( 15.55%), duplexes, homes converted to apartments or other small apartment buildings ( 7.78%), and a few large apartment complexes or high rise apartments ( 4.34%).
The most prevalent building size and type in Stoneville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.33% owning and 43.67% renting.
There is a lot of housing in Stoneville 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 Stoneville built between 1940-1969 ( 32.55%). A lesser amount of the housing stock also hails from before 1939 ( 11.57%). There's also some housing in Stoneville built between 2000 and later ( 11.39%).
Vacant housing appears to be an issue in Stoneville. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Stoneville homes and apartments can be a drag on the real estate market, holding Stoneville 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.
Real estate appreciation rates in Stoneville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.
NeighborhoodScout's data show that during the latest twelve months, Stoneville's appreciation rate, at 7.12%, has been at or slightly above the national average. In the latest quarter, Stoneville's appreciation rate has been 3.97%, which annualizes to a rate of 16.84%.
Importantly, this makes Stoneville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Stoneville's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$228,527
for North carolina
for nation
474
$1,655 / per month