Pinehurst appreciation rates and housing market information

Pinehurst housing market information

With 11,443 people, 6,957 houses or apartments, and a median cost of homes of $306,253, Pinehurst real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Pinehurst, accounting for 78.90% of the town's housing units. Other types of housing that are prevalent in Pinehurst include mobile homes or trailers (5.92%), large apartment complexes or high rise apartments (5.39%), row houses and other attached homes (4.79%), and a few duplexes, homes converted to apartments, or other small apartment buildings (4.76%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pinehurst. Owner-occupied housing accounts for 70.88% of Pinehurst's homes, and 67.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pinehurst 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 Pinehurst built from 1995 and later (23.26%). A lesser amount of the housing stock also hails from 1940-1969 (10.75%), and some were built from 1939 and earlier (10.75%).

Vacant housing appears to be an issue in Pinehurst. Fully 18.31% of the housing stock is classified as vacant. Left unchecked, vacant Pinehurst homes and apartments can be a drag on the real estate market, holding Pinehurst 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.

Pinehurst home appreciation rates

Pinehurst's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pinehurst during the period has been just 5.31%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pinehurst home appreciation rates, at -0.39%, have been at or slightly above the national average. In the latest quarter, Pinehurst's appreciation rate has been -0.22%, which annualizes to a rate of -0.88%.

Relative to North Carolina, our data show that Pinehurst's latest annual appreciation rate is higher than 7% of the other cities and towns in North Carolina.