Fearrington Village CDP North Carolina Area Home Supply Charts

This page looks at a variety of Fearrington Village CDP North Carolina housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Fearrington Village CDP shows it has a Housing Units of 1,519 which is the second smallest in terms of housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the Fearrington Village CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Fearrington Village CDP depicts it has a Housing Density of 851.1 which is less than most other places in the area. The place with the highest housing density in the area is Carrboro which shows a density of 1488.8 (74.9% larger). Comparing housing density to the United States average of 39.5, Fearrington Village CDP is considerably bigger. Also, in comparison with the state of North Carolina, housing density of 96.1, Fearrington Village CDP is appreciably bigger.

In Figure 4, Fearrington Village CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Fearrington Village CDP depicts it has a Housing Unit Change of 2.9% which is less than most other places in the metro area. The place with the highest change in the housing units in the area is Apex which depicts a housing units of 56.9% ( substantially bigger). Comparing change in the housing units to the United States average of 7.4%, Fearrington Village CDP is approximately half the size. Also, versus the state of North Carolina, change in the housing units of 8.0%, Fearrington Village CDP is approximately a third the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Fearrington Village CDP depicts it has a Renter Percent of 19.9% which is the second smallest as measured by renter percent of all the other places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 80.1% which is the second most of all the places in the greater region.

Fearrington Village CDP North Carolina Home Cost Charts

Looking at the housing data provided in Figure 7, the average Fearrington Village CDP home price is illustrated for this community and a useful analysis of affordable housing. Fearrington Village CDP depicts it has a Median Home Value of $374,900 which is the third most of all other places in the greater region. The place with the highest median home price in the area is Chapel Hill which shows a home price of $454,300 (21.2% larger). Figure 8 provides aggregate comparative data for the Fearrington Village CDP North Carolina metro area in terms of the median housing rental rate, apartment rent, etc. Fearrington Village CDP shows it has a Median Gross Rent of $1,827 which is the largest of all places in the greater Fearrington Village CDP region. Comparing rental rates to the United States average of $1,163, Fearrington Village CDP is 57.1% larger. Also, measured against the state of North Carolina, rental rates of $988, Fearrington Village CDP is about twice as large.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Fearrington Village CDP has the smallest proportion of home price worth between $50,000 to $100,000 at 5% of the total. Second, it has one of the largest proportions of home price worth between $100,000 to $200,000 at 26% of the total and is ranked #2. The only larger place being Morrisville with 28%. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 27% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Fearrington Village CDP depicts it has a Median Owner Cost of $696 which is the second smallest in order of median ownership cost of all the other places in the metropolitan area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Fearrington Village CDP metro area. it has a Owner Cost as % of HH Income of 10% which is the second smallest when sorted by cost as a percent of household income of all the other places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Fearrington Village CDP shows it has a Median Home Value as Percent of Median Earnings of 580% which is the third most median home value as a percent of median worker earnings of all other places in the greater Fearrington Village CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Fearrington Village CDP depicts it has a Median Owner Costs-With Mortgage of $1,758 which is the second smallest in terms of median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $571 which is in the mid range of other places in the greater region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Fearrington Village CDP has one of the largest proportions of owner cost less than $300 at 19% of the total and is ranked #2. The only larger place being Moncure CDP with 113%. Second, it has the largest proportion of owner cost between $300 and $500 at 33% of the total and is ranked #1. Third, it has the largest proportion of owner cost between $500 and $700 at 20% of the total and is ranked #1. Also, it has the second smallest in order of owner cost less than $300 of all the other places in the local area in order of owner cost between $700 and $1,000 at 7% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Fearrington Village CDP shows it has a % of Income Owner Costs-With Mortgage of 14% which is the smallest as measured by cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is Moncure CDP which shows a cost as a percent of household income of 25% (78.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Fearrington Village CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the places in the greater Fearrington Village CDP region. The place with the highest cost as a percent of household income in the area is Pittsboro which depicts a cost as a percent of household income of 16% (74.4% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Fearrington Village CDP has the percentage of rent as a percent of income is less than 10 pct the second smallest in order of rent as a percent of income is less than 10 pct of all the other places in the area at 10% of the total. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 9% of the total. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 19% of the total and is ranked #1. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 27% of the total and is ranked #2. The only larger place being Chapel Hill with 37%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Fearrington Village CDP has the largest proportion of housing cost between $300 and $500 at 27% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $700 and $1,000 at 9% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,685 which is the second smallest as measured by median real estate taxes paid of all the other places in the local area. The place with the highest median real estate taxes paid in the area is Chapel Hill which depicts a taxes paid of $6,540 (approximately 2.4 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Fearrington Village CDP is about the same size. Also, compared with the state of North Carolina, median real estate taxes paid of $1,583, Fearrington Village CDP is 69.6% larger.

Figure 22 shows the percentage of renters who pay for utilities in Fearrington Village CDP North Carolina. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Fearrington Village CDP has the largest proportion of pay extra for utilities at 86% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Fearrington Village CDP North Carolina has one of the largest proportions of rent less than 300 dollars at 16% of the total and is ranked #2. The only larger place being Moncure CDP with 42%. Second, it has the second smallest as measured by rent less than 300 dollars of all the other places in the area as measured by rent between 750 and 1000 dollars at 20% of the total. Third, it has the largest proportion of rent between $2,500 and $3,500 at 27% of the total and is ranked #1.

Fearrington Village CDP North Carolina Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Fearrington Village CDP has the percentage of With mortgage the second smallest when ranked by With Mortgage of all the other places in the area at 26% of the total. Second, it has the smallest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 4% of the total. Third, it has the largest proportion of Primary Mortgage and HELOC at 6% of the total and is ranked #1. Also, it has one of the largest proportions of With HELOC no Primary Mortgage at 64% of the total and is ranked #2. The only larger place being Moncure CDP with 82%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Fearrington Village CDP has one of the largest proportions of houses with mortgages at 64% of the total and is ranked #2. The only larger place being Moncure CDP with 82%.

Fearrington Village CDP North Carolina Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.5 which is the smallest in order of family members per housing unit of all the other places in the area. The place with the highest family members per housing unit in the area is Pittsboro which shows a family members per housing unit of 3.3 (35.1% larger). Comparing family members per housing unit to the United States average of 3.3, Fearrington Village CDP is approximately three-fourths the size. Also, measured against the state of North Carolina, family members per housing unit of 3.2, Fearrington Village CDP is approximately three-fourths the size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.9 which is the second most of all the places in the local area. The place with the highest average number of rooms in a house in the area is Apex which depicts an average number of rooms in a house of 7.0 (18.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1994 which is in the mid range of other places in the metropolitan area. The place with the highest year built in the area is Morrisville which shows a year built of 2005 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later in the center range of other places in the area at 11% of the total. Second, it has in the center range of other places in the area as measured by homes built between 2010 to 2019 at 26% of the total. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 22% of the total and is ranked #3. Only #2 Apex (28%), and #1 Moncure CDP (76%) are larger. Also, it has the largest proportion of homes built between 1990 to 1999 at 26% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest as measured by owner-occupied housing units of all the other places in the metro area at 290 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 20 to 49 units at 12% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $460,900 of the total and is ranked #3. Only #2 Apex ($477,000), and #1 Chapel Hill ($535,700) are larger. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $532,400 of the total and is ranked #2. The only larger place being Chapel Hill with $595,700. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $375,800 of the total and is ranked #3. Only #2 Chapel Hill ($444,700), and #1 Carrboro ($459,400) are larger. Also, it has in the mid range of other places in the local area when sorted by value of homes built 1990 to 1999 at $266,600 of the total. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $334,100 of the total and is ranked #3. Only #2 Carrboro ($342,400), and #1 Chapel Hill ($432,400) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 4% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Fearrington Village CDP residents. it has a Owner-Household Size of 1.9 which is the smallest in order of homeowner household size of all the other places in the metropolitan area. The place with the highest homeowner household size in the area is Apex which depicts a homeowner household size of 3.0 (60.5% larger).

Figure 37 shows the household size for renters. Fearrington Village CDP shows it has a Renter-Household Size of 1.5 which is the smallest when sorted by renter household size of all the other places in the surrounding region. The place with the highest renter household size in the area is Moncure CDP which depicts a renter household sizes of 4.7 (approximately 3.1 times bigger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 23% of the total and is ranked #3. Only #2 Morrisville (27%), and #1 Apex (31%) are larger. Second, it has the second smallest when ranked by owners moved in 2019 or later of all the other places in the greater region when sorted by owners moved in 2015 to 2018 at 18% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 40% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 1% of the total. Figure 39 shows the year that people who rent moved into the area. Fearrington Village CDP has the percentage of renters moved in 2019 or later less than most other places in the area at 56% of the total. Second, it has the largest proportion of renters moved in 2010 to 2014 at 11% of the total and is ranked #1. Third, it has the largest proportion of renters moved in 2000 to 2009 at 4% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2011 which is in the center range of other places in the metro area. Figure 41 compares the median year that renters moved into their home. Fearrington Village CDP shows it has a Renter Median Year Moved In of 2015 which is the second smallest as measured by median year that a renter moved in of all the other places in the area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 36% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Fearrington Village CDP housing department, North Carolina department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Fearrington Village CDP depicts it has a Total In Group Quarters of 33 which is less than most other places in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Fearrington Village CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Fearrington Village CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.