SALISBURY HOUSING MARKET INFORMATION With 36,319 people, 13,604 houses or apartments, and a median cost of homes of $306,544, Salisbury 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 Salisbury, accounting for 59.67% of the city's housing units. Other types of housing that are prevalent in Salisbury include large apartment complexes or high rise apartments ( 22.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.11%), and a few mobile homes or trailers ( 4.51%). The most prevalent building size and type in Salisbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.64% owning and 55.36% renting. There is a lot of housing in Salisbury 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 Salisbury built between 1940-1969 ( 28.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.52%). There's also some housing in Salisbury built before 1939 ( 14.52%). Vacant housing appears to be an issue in Salisbury. Fully 12.36% of the housing stock is classified as vacant. Left unchecked, vacant Salisbury homes and apartments can be a drag on the real estate market, holding Salisbury 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. SALISBURY HOME APPRECIATION RATES Appreciation rates for homes in Salisbury have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 116.91%, which ranks in the top 30% nationwide. This equates to an annual average Salisbury house appreciation rate of 8.05%. Over the last year, Salisbury appreciation rates have trailed the rest of the nation. In the last twelve months, Salisbury's appreciation rate has been 5.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Salisbury were at -0.14%, which equates to an annual appreciation rate of -0.55%. Notably, Salisbury's appreciation rate in the latest quarter is one of the lowest in America. Relative to North Carolina, our data show that Salisbury's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Salisbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Salisbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Salisbury real estate investment or home purchase decisions.