Knightdale NC Market Trends December 2017

Only 9 miles outside of the center of Raleigh, the city of Knightdale is one of Wake Counties most economical places to own a home.

Convenient access to North Raleigh, Wake Forest, and RTP, along with convenient shopping, historic nano-breweries, and restaurants, make this a great place to buy houses. Below are Knightdale NC market trends for December 2017.

Knightdale NC Market Trends
Knightdale NC

What type of value do you get for buying a house in Knightdale NC?

This is always our favorite part of analyzing a city in which to buy real estate.  Knightdale is very affordable when compared with other areas of Wake County.  A buyer can get a lot of value if they choose to buy a house in Knightdale.

*Note: Market data pulled from Zillow, data refreshes daily

City Price Per Sq Ft. Median List Price Appreciation Rate
Knightdale $116 $264,900 6.4%
Raleigh $143 $345,000 5%
Garner $115 $264,875 6.5%
Wake Forest $134 $369,000 1.7%

Keep in mind that the data that was used to compile the chart above changes frequently.  All data was pulled from Zillow.  You will notice that many competing sites such as Realtor.com, and Trulia will have slightly different numbers with regard to median list price, and price per square foot.  The important thing to remember is how each city compares with the others.

Price Per Square Foot – $116

The price per square foot is one of our favorite numbers to keep in mind when looking for houses to buy.  It is a great “rule of thumb” to have when sifting through hundreds of properties for sale.

With an average price per square foot of $116, Knightdale is a very affordable place to own a home.  A buyer can get more space for the same budget when compared with other sections of Wake County.

Knightdale NC Market Trends
Image Credit – Jeremiah Jarmin

Appreciation Rate – 6.4%

From Sept 2016 to October 2017 there has been a 6.4% increase in overall home values in Knightdale, and Zillow projects another 4% increase over the next year.  This is positive performance indicator for home buyers, and current home owners a like.

When looking at the avg price per square foot, and the appreciation rate, Knightdale offers more value when compared with other cities like Wake Forest.

Median List Price – $175,900

This means that exactly half of the homes listed are less than the median price , and the other half are listed above that number.

The important thing about a median list price of $175,900 is that you can still buy a home in Wake County for under $200,000.   This is a great option for those on a tight budget, or someone looking for an  investment property!

Knightdale NC Market Trends
Knighdale NC Flowers – Ray Rivera

Why buy a house in Knightdale?

Location

Knightdale is located adjacent to the East entrance of I540, and has convenient access to North Raleigh, Wake Forest, and is only a 15-minute drive to Downtown. Access to the 540 also allows a smooth commute to Research Triangle Park, and RDU airport.  It is also situated closer to the North Carolina beach than other cities such as Durham and Raleigh.

Amenities & Entertainment

Shoppes at Midway Plantation

Among the things to do in Knightdale, there is plenty of shopping.  Residents have local access to major department stores such as Target, Michaels, Wells Fargo, AT&T, Office Max, Home Depot, Moe’s Southwest Grill, as well as local business such as fast food, and local spa’s.
Directly across the street along Knightdale Blvd is Lowes Foods, Planet Fitness, Lowes Improvement, and more.

Knightdale Station Park

This is a great local park for exercise and outdoor recreation.   With playgrounds, a dog park, trails, and athletic fields, residents of Knightdale have everything they need to stay in shape and enjoy the outdoors.

Oak City Brewing Company

Located in the heart of downtown Knightdale, the Oak City Brewing Company offers 20 rotating beers on tap as well as a pet friendly back patio with a scenic view of Oak Trees and a 70+ acres park.

Lassiter Distilling Company

Another locally owned venue where they distill their own brands of Rum and have tours of this historic Knightdale location. Great place to get tore up before hitting up downtown.

Knightdale NC Market Trends
Knightdale NC Christmas Parade – Ray Rivera

Schools

Elementary Schools Middle Schools High School
Forestville Road El Wendell Middle Knightdale High
Knightdale El. East Wake Middle
Hodge Road El
Lockhart El
Barwell Road El
Lake Myra El

 

For more information on public schools for Knightdale NC, visit the Wake County Public School system website – https://www.wcpss.net/

To see which home is zoned for a particular school try this search tool: http://wwwgis2.wcpss.net/addressLookup/

If you have a house in Knightdale NC that you would like to sell fast call/text 919-473-6885 or fill out the form below.

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