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 2,298 people, 857 houses or apartments, and a median cost of homes of $189,160, house prices in Taylorsville are solidly below the national average.
Single-family detached homes are the single most common housing type in Taylorsville, accounting for 65.57% of the town's housing units. Other types of housing that are prevalent in Taylorsville include duplexes, homes converted to apartments or other small apartment buildings ( 17.16%), mobile homes or trailers ( 7.61%), and a few large apartment complexes or high rise apartments ( 6.89%).
People in Taylorsville primarily live in small (one, two or no bedroom) single-family detached homes. Taylorsville has a mixture of owner-occupied and renter-occupied housing.
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. Taylorsville's housing was primarily built during this period, from the '40s through the '60s. A full 37.62% of the town's housing hails from this era. Other housing ages represented in Taylorsville include homes built between 1970-1999 ( 36.90%) and housing constructed between 2000 and later ( 20.66%). There's also some housing in Taylorsville built before 1939 ( 4.83%).
Vacant housing appears to be an issue in Taylorsville. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Taylorsville homes and apartments can be a drag on the real estate market, holding Taylorsville 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 Taylorsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.37% during the period.
Over the last year, Taylorsville appreciation rates have trailed the rest of the nation. In the last twelve months, Taylorsville's appreciation rate has been 4.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Taylorsville were at 1.62%, which equates to an annual appreciation rate of 6.65%.
Relative to North Carolina, our data show that Taylorsville's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Taylorsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Taylorsville - 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 Taylorsville real estate investment or home purchase decisions.
$189,160
for North carolina
for nation
857
$1,384 / per month