Carolina Beach, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Carolina Beach Neighborhoods Since 2000




Carolina 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

Carolina Beach Housing Market Information

With a population of 6,137, 2,404 total housing units (homes and apartments), and a median house value of $337,361, Carolina Beach house prices are not only among the most expensive in North Carolina, Carolina Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Carolina Beach, accounting for 35.34% of the town's housing units. Other types of housing that are prevalent in Carolina Beach include single-family detached homes ( 32.66%), duplexes, homes converted to apartments or other small apartment buildings ( 17.97%), and a few row houses and other attached homes ( 9.02%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Carolina Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Carolina Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Carolina 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 Carolina Beach built between 2000 and later ( 25.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.52%).

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

Carolina Beach Home Appreciation Rates

Homes have actually lost value in Carolina Beach over the last then years, as home values have seen a decline of 22.82% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Carolina Beach home appreciation rates at 2.52%, which equates to an annual appreciation rate of 10.47%.

Over the last year, Carolina Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Carolina Beach's appreciation rate has been 2.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carolina Beach were at 2.52%, which equates to an annual appreciation rate of 10.47%.

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

Relative to North Carolina, our data show that Carolina Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$337,361

Carolina Beach, NC HOME PRICES

Value Range
> $1,126,000 1.6
$844,001 - $1,126,000 0.8
$563,001 - $844,000 5.6
$450,001 - $563,000 8.5
$338,001 - $450,000 27.8
$225,001 - $338,000 33.6
$113,001 - $225,000 15.7
$56,001 - $113,000 3.8
$0 - $56,000 2.6

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
13.1313723192312 5.44464609800363

Number Of Homes And Apartments:
2,404

Carolina 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
60.05% 2.76% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,399 / per month

Homeownership Rate

Homeownership
Owners 53.24
Renters 46.76
Vacant 54.43

Housing Market Details

 

Age of Homes

AGE OF Carolina Beach HOMES
2000 or Newer 25.4
1970 - 1999 60.3
1940 - 1969 13.5
1939 or Older 0.7

Types of Homes

TYPE OF Carolina Beach HOMES
Single-Family 32.7
Townhomes 9.0
Small Apt. Buildings 18.0
Apt. Complexes 35.3
Mobile Homes 4.8
Other 0.2

Home Size

SIZE OF Carolina Beach HOMES
No Bedroom 2.73
1 Bedroom 8.17
2 Bedrooms 37.19
3 Bedrooms 37.67
4 Bedrooms 9.36
5 or more bedrooms 4.87

Popular Neighborhoods in Carolina Beach

Zip Codes in Carolina Beach, NC