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 1,595 people, 627 houses or apartments, and a median cost of homes of $157,938, house prices in Hays are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Hays, accounting for 55.34% of the town's housing units. Other types of housing that are prevalent in Hays include mobile homes or trailers ( 43.37%), duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hays. Owner-occupied housing accounts for 81.34% of Hays's homes, and 55.47% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hays 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 Hays built between 2000 and later ( 22.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.37%). There's also some housing in Hays built before 1939 ( 1.80%).
Vacant housing appears to be an issue in Hays. Fully 19.31% of the housing stock is classified as vacant. Left unchecked, vacant Hays homes and apartments can be a drag on the real estate market, holding Hays 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 Hays have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.96%, which ranks in the top 50% nationwide. This equates to an annual average Hays house appreciation rate of 6.57%.
NeighborhoodScout's data show that during the latest twelve months, Hays's appreciation rate, at 6.98%, has been at or slightly above the national average. In the latest quarter, Hays's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Hays's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$157,938
for North carolina
for nation
627
$1,221 / per month