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 5,866 people, 2,394 houses or apartments, and a median cost of homes of $287,098, Walkertown real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Walkertown, accounting for 75.01% of the town's housing units. Other types of housing that are prevalent in Walkertown include large apartment complexes or high rise apartments ( 13.18%), mobile homes or trailers ( 5.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walkertown. Owner-occupied housing accounts for 72.14% of Walkertown's homes, and 66.43% have either three or four bedrooms, which is average sized relative to America.
Walkertown homes and real estate are some of the newest in America. 41.07% of Walkertown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Walkertown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.38%), and between 1940-1969 ( 19.57%). There's also some housing in Walkertown built before 1939 ( 8.99%).
Vacant housing appears to be an issue in Walkertown. Fully 11.10% of the housing stock is classified as vacant. Left unchecked, vacant Walkertown homes and apartments can be a drag on the real estate market, holding Walkertown 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 Walkertown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.88%, which ranks in the top 40% nationwide. This equates to an annual average Walkertown house appreciation rate of 7.22%.
Over the last year, Walkertown appreciation rates have trailed the rest of the nation. In the last twelve months, Walkertown's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walkertown were at 4.67%, which equates to an annual appreciation rate of 20.03%.
Importantly, this makes Walkertown 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 Walkertown's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$287,098
for North carolina
for nation
2,394
$1,614 / per month