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 749 people, 468 houses or apartments, and a median cost of homes of $233,551, house prices in Chocowinity are solidly below the national average.
Single-family detached homes are the single most common housing type in Chocowinity, accounting for 46.42% of the town's housing units. Other types of housing that are prevalent in Chocowinity include large apartment complexes or high rise apartments ( 28.43%), duplexes, homes converted to apartments or other small apartment buildings ( 14.11%), and a few mobile homes or trailers ( 11.04%).
The most prevalent building size and type in Chocowinity are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 39.72% owning and 60.28% renting.
Chocowinity homes and real estate are some of the newest in America. 37.01% of Chocowinity'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 Chocowinity real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.17%), and between 1940-1969 ( 22.90%). There's also some housing in Chocowinity built before 1939 ( 4.91%).
In the last 10 years, Chocowinity has experienced some of the highest home appreciation rates of any community in the nation. Chocowinity real estate appreciated 123.66% over the last ten years, which is an average annual home appreciation rate of 8.38%, putting Chocowinity in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chocowinity definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Chocowinity that despite a nationwide downturn in the housing market, Chocowinity real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chocowinity appreciation rates continue to be some of the highest in America, at 12.34%, which is higher than appreciation rates in 74.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chocowinity. Chocowinity appreciation rates in the latest quarter were at 3.43%, which equates to an annual appreciation rate of 14.46%.
Relative to North Carolina, our data show that Chocowinity's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
$233,551
for North carolina
for nation
468
$1,517 / per month