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 106 people, 33 houses or apartments, and a median cost of homes of $485,090, Macon real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Macon, accounting for 80.95% of the town's housing units. Other types of housing that are prevalent in Macon include mobile homes or trailers ( 19.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Macon. Owner-occupied housing accounts for 78.79% of Macon's homes, and 57.14% have either three or four bedrooms, which is average sized relative to America.
The housing in Macon was primarily built before 1939 ( 47.62%), making the housing stock in Macon some of the oldest overall in America, although there is a range of ages of homes in Macon. The next most important housing age is between 1940-1969 ( 30.95%), followed by between 1970-1999 ( 21.43%).
Vacant housing appears to be an issue in Macon. Fully 21.43% of the housing stock is classified as vacant. Left unchecked, vacant Macon homes and apartments can be a drag on the real estate market, holding Macon 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 Macon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.37%, which ranks in the top 30% nationwide. This equates to an annual average Macon house appreciation rate of 7.51%.
NeighborhoodScout's data show that during the latest twelve months, Macon's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Macon's appreciation rate has been 1.34%, which annualizes to a rate of 5.47%.
Importantly, this makes Macon 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 Macon's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
$485,090
for North carolina
for nation
33
$1,639 / per month