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 a population of 4,396, 1,625 total housing units (homes and apartments), and a median house value of $313,831, Hampstead real estate is some of the most expensive in North Carolina, although Hampstead home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Hampstead, accounting for 67.78% of the town's housing units. Other types of housing that are prevalent in Hampstead include mobile homes or trailers ( 31.69%).
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 86.52% of Hampstead's homes, and 71.80% 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 ( 39.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.36%). There's also some housing in Hampstead built before 1939 ( 2.47%).
Vacant housing appears to be an issue in Hampstead. Fully 12.73% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hampstead during the period has been just -1.44%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Hampstead's appreciation rate, at 3.44%, has been at or slightly above the national average. In the latest quarter, Hampstead's appreciation rate has been 2.52%, which annualizes to a rate of 10.47%.
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 60% of the other cities and towns in North Carolina.
|$838,001 - $1,117,000||2.6|
|$559,001 - $838,000||1.8|
|$447,001 - $559,000||8.1|
|$335,001 - $447,000||18.8|
|$224,001 - $335,000||32.6|
|$112,001 - $224,000||22.4|
|$56,001 - $112,000||6.0|
|$0 - $56,000||7.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hampstead HOMES|
|2000 or Newer||39.3|
|1970 - 1999||50.9|
|1940 - 1969||7.4|
|1939 or Older||2.5|
|TYPE OF Hampstead HOMES|
|Small Apt. Buildings||0.5|
|SIZE OF Hampstead HOMES|
|5 or more bedrooms||6.71|