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 3,545, 866 total housing units (homes and apartments), and a median house value of $151,356, house prices in Tabor City are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Tabor City, accounting for 70.75% of the town's housing units. Other types of housing that are prevalent in Tabor City include duplexes, homes converted to apartments or other small apartment buildings ( 16.24%), large apartment complexes or high rise apartments ( 6.04%), and a few mobile homes or trailers ( 4.25%).
Tabor City is dominated by renter-occupied one, two, or no bedrooms apartments. 66.35% of Tabor City's dwellings are rentals.
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. Tabor City's housing was primarily built during this period, from the '40s through the '60s. A full 42.60% of the town's housing hails from this era. Other housing ages represented in Tabor City include homes built between 1970-1999 ( 31.46%) and housing constructed between 2000 and later ( 17.35%). There's also some housing in Tabor City built before 1939 ( 8.59%).
Vacant housing appears to be an issue in Tabor City. Fully 26.36% of the housing stock is classified as vacant. Left unchecked, vacant Tabor City homes and apartments can be a drag on the real estate market, holding Tabor City 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 Tabor City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.97%, which ranks in the top 30% nationwide. This equates to an annual average Tabor City house appreciation rate of 7.55%.
NeighborhoodScout's data show that during the latest twelve months, Tabor City's appreciation rate, at 7.44%, has been at or slightly above the national average. In the latest quarter, Tabor City's appreciation rate has been 1.46%, which annualizes to a rate of 5.96%.
Relative to North Carolina, our data show that Tabor City's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$151,356
for North carolina
for nation
866
$1,167 / per month