Beaufort, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Beaufort Neighborhoods Since 2000




Beaufort, 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

Beaufort Housing Market Information

With 4,212 people, 2,045 houses or apartments, and a median cost of homes of $305,562, Beaufort real estate is some of the most expensive in North Carolina, although Beaufort home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Beaufort, accounting for 61.62% of the town's housing units. Other types of housing that are prevalent in Beaufort include duplexes, homes converted to apartments or other small apartment buildings ( 19.55%), large apartment complexes or high rise apartments ( 10.02%), and a few row houses and other attached homes ( 5.83%).

The most prevalent building size and type in Beaufort are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.52% owning and 55.48% renting.

There is a lot of housing in Beaufort 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 Beaufort built between 1940-1969 ( 28.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.70%). There's also some housing in Beaufort built before 1939 ( 19.70%).

Vacant housing appears to be an issue in Beaufort. Fully 22.07% of the housing stock is classified as vacant. Left unchecked, vacant Beaufort homes and apartments can be a drag on the real estate market, holding Beaufort 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.

Beaufort Home Appreciation Rates

Beaufort's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beaufort during the period has been just -1.56%, which is lower than 80% of US communities.

Over the last year, Beaufort appreciation rates have trailed the rest of the nation. In the last twelve months, Beaufort's appreciation rate has been 2.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaufort were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Beaufort's latest annual appreciation rate is lower than 50% 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 town. Individual neighborhoods within Beaufort differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaufort - 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 2000, to assist you in making the best Beaufort real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$305,562

Beaufort, NC HOME PRICES

Value Range
> $1,082,000 2.9
$811,001 - $1,082,000 3.8
$541,001 - $811,000 6.2
$432,001 - $541,000 6.5
$324,001 - $432,000 16.6
$216,001 - $324,000 19.0
$108,001 - $216,000 28.0
$55,001 - $108,000 9.2
$0 - $55,000 7.6

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
15.8912457517872 7.25952813067151

Number Of Homes And Apartments:
2,045

Beaufort 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
50.33% 2.39% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,017 / per month

Homeownership Rate

Homeownership
Owners 44.52
Renters 55.48
Vacant 22.07

Housing Market Details

 

Age of Homes

AGE OF Beaufort HOMES
2000 or Newer 19.7
1970 - 1999 31.8
1940 - 1969 28.8
1939 or Older 19.7

Types of Homes

TYPE OF Beaufort HOMES
Single-Family 61.6
Townhomes 5.8
Small Apt. Buildings 19.6
Apt. Complexes 10.0
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Beaufort HOMES
No Bedroom 2.90
1 Bedroom 12.50
2 Bedrooms 26.07
3 Bedrooms 43.64
4 Bedrooms 13.61
5 or more bedrooms 1.30

Popular Communities Near Beaufort, NC

Zip Codes in Beaufort, NC