Atlantic Beach, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Atlantic Beach Neighborhoods Since 2000




Atlantic Beach, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Atlantic Beach Housing Market Information

With 1,502 people, 888 houses or apartments, and a median cost of homes of $294,461, Atlantic Beach real estate is some of the most expensive in North Carolina, although Atlantic Beach home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Atlantic Beach, accounting for 32.84% of the town's housing units. Other types of housing that are prevalent in Atlantic Beach include large apartment complexes or high rise apartments ( 29.23%), mobile homes or trailers ( 20.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.56%).

People in Atlantic Beach primarily live in small (one, two or no bedroom) single-family detached homes. Atlantic Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Atlantic Beach built from 1970 to 1999 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 Atlantic Beach built between 1940-1969 ( 22.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.49%). There's also some housing in Atlantic Beach built before 1939 ( 1.00%).

A decent proportion of the Atlantic Beach housing stock is seasonally occupied. That is, homes and condos in Atlantic Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Atlantic Beach housing market speaks to its popularity as a vacation location of choice.

Atlantic Beach Home Appreciation Rates

Homes have actually lost value in Atlantic Beach over the last then years, as home values have seen a decline of 22.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Atlantic Beach home appreciation rates at -0.54%, which equates to an annual appreciation rate of -2.13%.

Appreciation rates are so strong in Atlantic Beach that despite a nationwide downturn in the housing market, Atlantic Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Atlantic Beach appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 93.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Atlantic Beach. Atlantic Beach appreciation rates in the latest quarter were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Atlantic Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Atlantic Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$294,461

Atlantic Beach, NC HOME PRICES

Value Range
> $1,087,000 1.7
$816,001 - $1,087,000 0.0
$544,001 - $816,000 25.7
$435,001 - $544,000 8.4
$326,001 - $435,000 15.4
$217,001 - $326,000 25.8
$109,001 - $217,000 7.9
$54,001 - $109,000 4.5
$0 - $54,000 10.6

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
16.7760459392945 8.52994555353902

Number Of Homes And Apartments:
888

Atlantic Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
60.91% 2.80% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,029 / per month

Homeownership Rate

Homeownership
Owners 53.15
Renters 46.85
Vacant 82.21

Housing Market Details

 

Age of Homes

AGE OF Atlantic Beach HOMES
2000 or Newer 7.5
1970 - 1999 68.9
1940 - 1969 22.6
1939 or Older 1.0

Types of Homes

TYPE OF Atlantic Beach HOMES
Single-Family 32.8
Townhomes 5.1
Small Apt. Buildings 12.6
Apt. Complexes 29.2
Mobile Homes 20.3
Other 0.0

Home Size

SIZE OF Atlantic Beach HOMES
No Bedroom 3.35
1 Bedroom 7.51
2 Bedrooms 44.30
3 Bedrooms 29.35
4 Bedrooms 11.48
5 or more bedrooms 4.01

Popular Neighborhoods in Atlantic Beach

Zip Codes in Atlantic Beach, NC