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, 947 houses or apartments, and a median cost of homes of $335,132, Kenly real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Kenly, accounting for 63.99% of the town's housing units. Other types of housing that are prevalent in Kenly include mobile homes or trailers ( 16.85%), duplexes, homes converted to apartments or other small apartment buildings ( 13.84%), and a few large apartment complexes or high rise apartments ( 3.21%).
People in Kenly primarily live in small (one, two or no bedroom) single-family detached homes. Kenly has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Kenly 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 Kenly built between 1940-1969 ( 34.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.85%). There's also some housing in Kenly built before 1939 ( 14.14%).
Appreciation rates for homes in Kenly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.42%, which ranks in the top 30% nationwide. This equates to an annual average Kenly house appreciation rate of 7.82%.
Appreciation rates are so strong in Kenly that despite a nationwide downturn in the housing market, Kenly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kenly appreciation rates continue to be some of the highest in America, at 17.44%, which is higher than appreciation rates in 92.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kenly. Kenly appreciation rates in the latest quarter were at 4.18%, which equates to an annual appreciation rate of 17.82%.
Relative to North Carolina, our data show that Kenly's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
$335,132
for North carolina
for nation
947
$1,301 / per month