SILER CITY HOUSING MARKET INFORMATION With a population of 8,043, 2,837 total housing units (homes and apartments), and a median house value of $227,891, house prices in Siler City are solidly below the national average. Single-family detached homes are the single most common housing type in Siler City, accounting for 59.47% of the town's housing units. Other types of housing that are prevalent in Siler City include mobile homes or trailers ( 20.18%), large apartment complexes or high rise apartments ( 11.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.99%). The most prevalent building size and type in Siler City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.61% owning and 40.39% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Siler City's housing was primarily built during this period, from the '40s through the '60s. A full 37.30% of the town's housing hails from this era. Other housing ages represented in Siler City include homes built between 1970-1999 ( 37.27%) and housing constructed between 2000 and later ( 19.61%). There's also some housing in Siler City built before 1939 ( 5.82%). Vacant housing appears to be an issue in Siler City. Fully 10.25% of the housing stock is classified as vacant. Left unchecked, vacant Siler City homes and apartments can be a drag on the real estate market, holding Siler City 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. SILER CITY HOME APPRECIATION RATES Real estate appreciation rates in Siler City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.74% during the period. 蘑菇视频's data show that during the latest twelve months, Siler City's appreciation rate, at 6.82%, has been at or slightly above the national average. In the latest quarter, Siler City's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%. Notably, Siler City's appreciation rate in the latest quarter is one of the lowest in America. Relative to North Carolina, our data show that Siler City's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.