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Castle Hayne, NC Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Castle Hayne, NC Housing Market Trends

With a population of 1,243, 525 total housing units (homes and apartments), and a median house value of $267,520, Castle Hayne real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Castle Hayne, accounting for 66.12% of the town's housing units. Other types of housing that are prevalent in Castle Hayne include mobile homes or trailers ( 20.66%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few row houses and other attached homes ( 4.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castle Hayne. Owner-occupied housing accounts for 76.57% of Castle Hayne's homes, and 59.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Castle Hayne 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 Castle Hayne built between 2000 and later ( 32.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.59%).

Vacant housing appears to be an issue in Castle Hayne. Fully 13.22% of the housing stock is classified as vacant. Left unchecked, vacant Castle Hayne homes and apartments can be a drag on the real estate market, holding Castle Hayne 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.

Castle Hayne Home Appreciation Rates

Appreciation rates for homes in Castle Hayne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.91%, which ranks in the top 30% nationwide. This equates to an annual average Castle Hayne house appreciation rate of 6.96%.

Appreciation rates are so strong in Castle Hayne that despite a nationwide downturn in the housing market, Castle Hayne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Hayne appreciation rates continue to be some of the highest in America, at 19.37%, which is higher than appreciation rates in 80.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castle Hayne. Castle Hayne appreciation rates in the latest quarter were at 5.30%, which equates to an annual appreciation rate of 22.93%.

Importantly, this makes Castle Hayne 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 Castle Hayne's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$267,520

Castle Hayne, NC HOME PRICES

> $1,501,000
$1,126,001 - $1,501,000
$750,001 - $1,126,000
$601,001 - $750,000
$450,001 - $601,000
$300,001 - $450,000
$150,001 - $300,000
$75,001 - $150,000
$0 - $75,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
9.5%
9.5%
18.9%
18.9%
57.4%
57.4%
5.2%
5.2%
9.1%
9.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NC

Value Relative To Nation

Number Of Homes And Apartments:
525

Castle Hayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
139.44% 3.96%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,742 / per month

Homeownership Rate

Owners
Renters
Vacant
76.6%
76.6%
23.4%
23.4%
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.7%
32.7%
57.7%
57.7%
9.6%
9.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.1%
66.1%
5.0%
5.0%
8.3%
8.3%
0.0%
0.0%
20.7%
20.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.8%
2.8%
35.7%
35.7%
50.6%
50.6%
8.6%
8.6%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Castle Hayne

Zip Codes in Castle Hayne, NC