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 1,339, 539 total housing units (homes and apartments), and a median house value of $323,973, West Jefferson real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in West Jefferson, accounting for 68.43% of the town's housing units. Other types of housing that are prevalent in West Jefferson include large apartment complexes or high rise apartments ( 16.47%), duplexes, homes converted to apartments or other small apartment buildings ( 8.01%), and a few mobile homes or trailers ( 5.89%).
The most prevalent building size and type in West Jefferson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.70% owning and 48.30% renting.
There is a lot of housing in West Jefferson 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 West Jefferson built between 1940-1969 ( 36.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.03%). There's also some housing in West Jefferson built before 1939 ( 5.89%).
Vacant housing appears to be an issue in West Jefferson. Fully 18.58% of the housing stock is classified as vacant. Left unchecked, vacant West Jefferson homes and apartments can be a drag on the real estate market, holding West Jefferson 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 West Jefferson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.50%, which ranks in the top 40% nationwide. This equates to an annual average West Jefferson house appreciation rate of 6.99%.
NeighborhoodScout's data show that during the latest twelve months, West Jefferson's appreciation rate, at 6.65%, has been at or slightly above the national average. In the latest quarter, West Jefferson's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that West Jefferson's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$323,973
for North carolina
for nation
539
$1,110 / per month