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
With 4,396 people, 1,771 houses or apartments, and a median cost of homes of $382,121, Hampstead house prices are not only among the most expensive in North Carolina, Hampstead 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 Hampstead, accounting for 68.59% of the town's housing units. Other types of housing that are prevalent in Hampstead include mobile homes or trailers ( 31.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hampstead. Owner-occupied housing accounts for 88.37% of Hampstead's homes, and 76.59% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hampstead 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 Hampstead built between 2000 and later ( 39.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.15%). There's also some housing in Hampstead built before 1939 ( 2.12%).
Vacant housing appears to be an issue in Hampstead. Fully 12.54% of the housing stock is classified as vacant. Left unchecked, vacant Hampstead homes and apartments can be a drag on the real estate market, holding Hampstead 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.
Real estate appreciation rates in Hampstead's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.76% during the period.
Appreciation rates are so strong in Hampstead that despite a nationwide downturn in the housing market, Hampstead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hampstead appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 87.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hampstead. Hampstead appreciation rates in the latest quarter were at 3.88%, which equates to an annual appreciation rate of 16.44%.
Importantly, this makes Hampstead 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 Hampstead's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
|$960,001 - $1,280,000||1.8|
|$640,001 - $960,000||4.4|
|$512,001 - $640,000||6.9|
|$384,001 - $512,000||22.8|
|$256,001 - $384,000||32.8|
|$128,001 - $256,000||18.3|
|$64,001 - $128,000||5.3|
|$0 - $64,000||6.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Hampstead HOMES|
|2000 or Newer||39.5|
|1970 - 1999||50.2|
|1940 - 1969||8.1|
|1939 or Older||2.1|
|TYPE OF Hampstead HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Hampstead HOMES|
|5 or more bedrooms||5.09|