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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,939, 1,751 total housing units (homes and apartments), and a median house value of $674,391, 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 58.82% of the town's housing units. Other types of housing that are prevalent in Emerald Isle include row houses and other attached homes ( 13.50%), mobile homes or trailers ( 13.18%), and a few large apartment complexes or high rise apartments ( 11.62%).
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 84.47% of Emerald Isle's homes, and 72.34% 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 ( 22.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.40%).
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.
Appreciation rates for homes in Emerald Isle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.61%, which ranks in the top 30% nationwide. This equates to an annual average Emerald Isle house appreciation rate of 7.26%.
Appreciation rates are so strong in Emerald Isle that despite a nationwide downturn in the housing market, Emerald Isle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Emerald Isle appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 77.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Emerald Isle. Emerald Isle appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.
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.
$674,391
for North carolina
for nation
1,751
$2,324 / per month