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 10,604 people, 3,870 houses or apartments, and a median cost of homes of $316,620, Vale real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Vale, accounting for 68.16% of the town's housing units. Other types of housing that are prevalent in Vale include mobile homes or trailers ( 31.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vale. Owner-occupied housing accounts for 80.59% of Vale's homes, and 68.59% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Vale 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 Vale built between 2000 and later ( 21.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.56%). There's also some housing in Vale built before 1939 ( 5.32%).
Vacant housing appears to be an issue in Vale. Fully 11.42% of the housing stock is classified as vacant. Left unchecked, vacant Vale homes and apartments can be a drag on the real estate market, holding Vale 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, Vale has experienced some of the highest home appreciation rates of any community in the nation. Vale real estate appreciated 121.76% over the last ten years, which is an average annual home appreciation rate of 8.29%, putting Vale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vale 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 Vale that despite a nationwide downturn in the housing market, Vale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vale appreciation rates continue to be some of the highest in America, at 8.22%, which is higher than appreciation rates in 72.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vale. Vale appreciation rates in the latest quarter were at 1.66%, which equates to an annual appreciation rate of 6.82%.
Relative to North Carolina, our data show that Vale's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
$316,620
for North carolina
for nation
3,870
$1,611 / per month