Hampstead, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hampstead Neighborhoods Since 2000




Hampstead, NC Real Estate Data


Hampstead Housing Market Information

With a population of 4,396, 1,628 total housing units (homes and apartments), and a median house value of $284,746, 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 73.22% of the town's housing units. Other types of housing that are prevalent in Hampstead include mobile homes or trailers ( 26.24%).

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 85.01% of Hampstead's homes, and 69.03% 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 ( 40.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.77%). There's also some housing in Hampstead built before 1939 ( 5.39%).

Vacant housing appears to be an issue in Hampstead. Fully 11.38% 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 -0.40% 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 6.41%, which is higher than appreciation rates in 79.06% 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 -0.10%, which equates to an annual appreciation rate of -0.38%.

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

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:
$284,746

Hampstead, NC HOME PRICES

Value Range
> $1,138,000 1.0
$854,001 - $1,138,000 1.6
$569,001 - $854,000 3.0
$455,001 - $569,000 7.3
$341,001 - $455,000 19.2
$228,001 - $341,000 34.3
$113,001 - $228,000 18.0
$57,001 - $113,000 6.9
$0 - $57,000 8.7

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
18.4341511975171 9.80036297640653

Number Of Homes And Apartments:
1,628

Rent & Ownership

 

Average Market Rent:
$1,357 / per month

Homeownership Rate

Homeownership
Owners 85.01
Renters 14.99
Vacant 11.38

Housing Market Details

 

Age of Homes

AGE OF Hampstead HOMES
2000 or Newer 40.3
1970 - 1999 48.5
1940 - 1969 5.8
1939 or Older 5.4

Types of Homes

TYPE OF Hampstead HOMES
Single-Family 73.2
Townhomes 0.0
Small Apt. Buildings 0.5
Apt. Complexes 0.0
Mobile Homes 26.2
Other 0.0

Home Size

SIZE OF Hampstead HOMES
No Bedroom 1.52
1 Bedroom 0.71
2 Bedrooms 21.77
3 Bedrooms 55.04
4 Bedrooms 13.99
5 or more bedrooms 6.97

Hampstead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
53.50% 2.55% 9 7
* 10 is highest