Calabash, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Calabash Neighborhoods Since 2000




Calabash, 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

Calabash Housing Market Information

With a population of 2,119, 860 total housing units (homes and apartments), and a median house value of $219,861, Calabash real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Calabash, accounting for 49.83% of the town's housing units. Other types of housing that are prevalent in Calabash include mobile homes or trailers ( 32.84%), large apartment complexes or high rise apartments ( 11.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Calabash. Owner-occupied housing accounts for 77.09% of Calabash's homes, and 50.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Calabash 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 Calabash built between 2000 and later ( 13.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.93%).

A decent proportion of the Calabash housing stock is seasonally occupied. That is, homes and condos in Calabash 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 Calabash housing market speaks to its popularity as a vacation location of choice.

Calabash Home Appreciation Rates

Homes have actually lost value in Calabash over the last then years, as home values have seen a decline of 24.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Calabash home appreciation rates at 1.32%, which equates to an annual appreciation rate of 5.39%.

Over the last year, Calabash appreciation rates have trailed the rest of the nation. In the last twelve months, Calabash's appreciation rate has been -2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Calabash were at 1.32%, which equates to an annual appreciation rate of 5.39%.

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

Average Home Values

 

Median Home Value:
$219,861

Calabash, NC HOME PRICES

Value Range
> $1,019,000 0.7
$764,001 - $1,019,000 0.6
$510,001 - $764,000 5.1
$408,001 - $510,000 6.4
$306,001 - $408,000 13.5
$204,001 - $306,000 27.5
$102,001 - $204,000 25.6
$51,001 - $102,000 12.4
$0 - $51,000 8.4

High for NC
High for Nation

Value Relative to Nation Value Relative to State
27.7364350169929 20.05444646098

Number Of Homes And Apartments:
860

Calabash 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
30.86% 1.57% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 77.09
Renters 22.91
Vacant 41.77

Housing Market Details

 

Age of Homes

AGE OF Calabash HOMES
2000 or Newer 13.2
1970 - 1999 82.6
1940 - 1969 3.9
1939 or Older 0.3

Types of Homes

TYPE OF Calabash HOMES
Single-Family 49.8
Townhomes 2.0
Small Apt. Buildings 3.4
Apt. Complexes 11.9
Mobile Homes 32.8
Other 0.0

Home Size

SIZE OF Calabash HOMES
No Bedroom 0.34
1 Bedroom 7.45
2 Bedrooms 41.91
3 Bedrooms 49.36
4 Bedrooms 0.95
5 or more bedrooms 0.00