High Point appreciation rates and housing market information

High Point housing market information

With 85,949 people, 35,933 houses or apartments, and a median cost of homes of $153,256, High Point 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 High Point, accounting for 68.71% of the city's housing units. Other types of housing that are prevalent in High Point include large apartment complexes or high rise apartments (16.43%), duplexes, homes converted to apartments, or other small apartment buildings (8.44%), row houses and other attached homes (5.58%), and a few mobile homes or trailers (0.78%).

The most prevalent building size and type in High Point are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 55.37% owning, and 37.86% renting.

There is a lot of housing in High Point built from 1970-1994, 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 High Point built from 1940-1969 (36.27%). A lesser amount of the housing stock also hails from 1995 and later (15.43%), and some were built from 1939 and earlier (15.43%).

High Point home appreciation rates

High Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in High Point during the period has been just 5.63%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, High Point home appreciation rates, at 2.43%, have been at or slightly above the national average. In the latest quarter, High Point's appreciation rate has been 1.84%, which annualizes to a rate of 7.36%.

Importantly, this makes High Point one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Carolina, our data show that High Point's latest annual appreciation rate is higher than 49% 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 High Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in High Point - 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 1990, to assist you in making the best High Point real estate investment or home purchase decisions.