Hampstead NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Hampstead, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hampstead Housing Market Information

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.

Hampstead Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$382,121

Hampstead, NC HOME PRICES

Value Range
> $1,280,000 1.6
$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

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
12.7824817518248 5.61594202898551

Number Of Homes And Apartments:
1,771

Hampstead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q3
86.91% 3.22%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,333 / per month

Homeownership Rate

Homeownership
Owners 88.37
Renters 11.63
Vacant 12.54

Housing Market Details

 

Age of Homes

AGE OF Hampstead HOMES
2000 or Newer 39.5
1970 - 1999 50.2
1940 - 1969 8.1
1939 or Older 2.1

Types of Homes

TYPE OF Hampstead HOMES
Single-Family 68.6
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 31.4
Other 0.0

Home Size

SIZE OF Hampstead HOMES
No Bedroom 1.33
1 Bedroom 0.00
2 Bedrooms 16.99
3 Bedrooms 51.46
4 Bedrooms 25.14
5 or more bedrooms 5.09