Friday, November 10, 2006

Housing Report for Iredell County, North Carolina

Iredell County had an owner-occupied dwelling median in 2005 of $135,800, reported by the American Community Survey. This home value is greater than the overall North Carolina 2005 home median value of $127,600 and less than median owner-occupied dwelling value of $167,500 across the United States during the same year.

In Iredell County, the census reported 62,092 homes in 2005. The county has experienced a growth in housing units, adding a total of 7,685 residential structures since 2001, a change of 14.1 percent.

When compared to other counties in North Carolina, Iredell County places 7 of 100 by percentage growth in residential real estate. The county is positioned 140 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

The owner-occupied dwellings in Iredell County, North Carolina have moderate increases from the real estate values reported in 2000. The valuations have increased by $19,700, or 17 percent, since 2000 when they were valued at $116,100.

It can be understood that there is a fair amount affordable residential real estate in Iredell County, North Carolina. In 2005, 45.1 percent of housing was valued under $125k.

Iredell County can be understood as having a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey reported that 5.4 percent owner-occupied dwelling are valued over a half a million dollars.

Data Source: U.S. Census Bureau

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