Harkers Island, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harkers Island, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Harkers Island Housing Market Information

With 1,235 people, 607 houses or apartments, and a median cost of homes of $221,939, Harkers Island real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Harkers Island, accounting for 74.62% of the town's housing units. Other types of housing that are prevalent in Harkers Island include mobile homes or trailers ( 23.19%), duplexes, homes converted to apartments or other small apartment buildings ( 1.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harkers Island. Owner-occupied housing accounts for 82.60% of Harkers Island's homes, and 65.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harkers Island 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 Harkers Island built between 1940-1969 ( 24.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.19%). There's also some housing in Harkers Island built before 1939 ( 1.93%).

A decent proportion of the Harkers Island housing stock is seasonally occupied. That is, homes and condos in Harkers Island 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 Harkers Island housing market speaks to its popularity as a vacation location of choice.

Harkers Island Home Appreciation Rates

Harkers Island's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harkers Island during the period has been just -2.06%, which is lower than 80% of US communities.

Over the last year, Harkers Island appreciation rates have trailed the rest of the nation. In the last twelve months, Harkers Island's appreciation rate has been -2.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harkers Island were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Harkers Island's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$221,939

Harkers Island, NC HOME PRICES

Value Range
> $992,000 1.6
$744,001 - $992,000 0.9
$496,001 - $744,000 5.5
$397,001 - $496,000 9.9
$298,001 - $397,000 7.1
$199,001 - $298,000 41.9
$99,001 - $199,000 18.2
$49,001 - $99,000 7.5
$0 - $49,000 7.6

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
27.3057541310207 19.2377495462795

Number Of Homes And Apartments:
607

Harkers Island Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
42.60% 2.08% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,335 / per month

Homeownership Rate

Homeownership
Owners 82.60
Renters 17.40
Vacant 48.99

Housing Market Details

 

Age of Homes

AGE OF Harkers Island HOMES
2000 or Newer 23.2
1970 - 1999 50.8
1940 - 1969 24.0
1939 or Older 1.9

Types of Homes

TYPE OF Harkers Island HOMES
Single-Family 74.6
Townhomes 0.5
Small Apt. Buildings 1.7
Apt. Complexes 0.0
Mobile Homes 23.2
Other 0.0

Home Size

SIZE OF Harkers Island HOMES
No Bedroom 1.26
1 Bedroom 2.77
2 Bedrooms 27.98
3 Bedrooms 48.99
4 Bedrooms 16.64
5 or more bedrooms 2.35

Popular Neighborhoods in Harkers Island

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Zip Codes in Harkers Island, NC