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 24,569, 8,712 total housing units (homes and apartments), and a median house value of $328,868, Candler real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Candler, accounting for 65.89% of the town's housing units. Other types of housing that are prevalent in Candler include mobile homes or trailers ( 25.99%), large apartment complexes or high rise apartments ( 4.18%), and a few row houses and other attached homes ( 2.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Candler. Owner-occupied housing accounts for 73.60% of Candler's homes, and 62.42% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Candler 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 Candler built between 2000 and later ( 27.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.82%). There's also some housing in Candler built before 1939 ( 7.89%).
Vacant housing appears to be an issue in Candler. Fully 15.45% of the housing stock is classified as vacant. Left unchecked, vacant Candler homes and apartments can be a drag on the real estate market, holding Candler 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.
In the last 10 years, Candler has experienced some of the highest home appreciation rates of any community in the nation. Candler real estate appreciated 120.69% over the last ten years, which is an average annual home appreciation rate of 8.24%, putting Candler in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Candler definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Candler appreciation rates have trailed the rest of the nation. In the last twelve months, Candler's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Candler were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, Candler's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Candler's latest annual appreciation rate is lower than 80% 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 Candler differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Candler - 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 Candler real estate investment or home purchase decisions.
$328,868
for North carolina
for nation
8,712
$2,416 / per month