Emerald Isle, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Emerald Isle Neighborhoods Since 2000




Emerald Isle, 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

Emerald Isle Housing Market Information

With a population of 3,720, 1,817 total housing units (homes and apartments), and a median house value of $395,517, Emerald Isle house prices are not only among the most expensive in North Carolina, Emerald Isle real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Emerald Isle, accounting for 55.52% of the town's housing units. Other types of housing that are prevalent in Emerald Isle include mobile homes or trailers ( 16.68%), large apartment complexes or high rise apartments ( 11.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Emerald Isle. Owner-occupied housing accounts for 70.34% of Emerald Isle's homes, and 67.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Emerald Isle 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 Emerald Isle built between 2000 and later ( 14.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.52%).

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

Emerald Isle Home Appreciation Rates

Homes have actually lost value in Emerald Isle over the last then years, as home values have seen a decline of 20.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Emerald Isle home appreciation rates at -0.54%, which equates to an annual appreciation rate of -2.13%.

Over the last year, Emerald Isle appreciation rates have trailed the rest of the nation. In the last twelve months, Emerald Isle's appreciation rate has been 3.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Emerald Isle were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$395,517

Emerald Isle, NC HOME PRICES

Value Range
> $1,063,000 3.9
$797,001 - $1,063,000 9.3
$531,001 - $797,000 16.6
$425,001 - $531,000 11.8
$319,001 - $425,000 26.5
$212,001 - $319,000 19.5
$106,001 - $212,000 5.4
$53,001 - $106,000 2.0
$0 - $53,000 5.2

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
9.6742060236728 3.81125226860254

Number Of Homes And Apartments:
1,817

Emerald Isle 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
77.87% 3.39% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,124 / per month

Homeownership Rate

Homeownership
Owners 70.34
Renters 29.66
Vacant 73.27

Housing Market Details

 

Age of Homes

AGE OF Emerald Isle HOMES
2000 or Newer 14.6
1970 - 1999 79.8
1940 - 1969 5.5
1939 or Older 0.1

Types of Homes

TYPE OF Emerald Isle HOMES
Single-Family 55.5
Townhomes 8.3
Small Apt. Buildings 8.4
Apt. Complexes 11.1
Mobile Homes 16.7
Other 0.0

Home Size

SIZE OF Emerald Isle HOMES
No Bedroom 1.91
1 Bedroom 3.49
2 Bedrooms 18.31
3 Bedrooms 45.65
4 Bedrooms 21.84
5 or more bedrooms 8.80