Havelock, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Havelock Neighborhoods Since 2000




Havelock, 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

Havelock Housing Market Information

With a population of 20,364, 6,454 total housing units (homes and apartments), and a median house value of $125,168, house prices in Havelock are solidly below the national average.

Single-family detached homes are the single most common housing type in Havelock, accounting for 60.93% of the city's housing units. Other types of housing that are prevalent in Havelock include row houses and other attached homes ( 16.29%), duplexes, homes converted to apartments or other small apartment buildings ( 8.61%), and a few large apartment complexes or high rise apartments ( 8.05%).

The most prevalent building size and type in Havelock are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.31% owning and 64.69% renting.

There is a lot of housing in Havelock 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 Havelock built between 2000 and later ( 26.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.84%).

Vacant housing appears to be an issue in Havelock. Fully 11.35% of the housing stock is classified as vacant. Left unchecked, vacant Havelock homes and apartments can be a drag on the real estate market, holding Havelock 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.

Havelock Home Appreciation Rates

Homes have actually lost value in Havelock over the last then years, as home values have seen a decline of 24.47% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Havelock home appreciation rates at -0.53%, which equates to an annual appreciation rate of -2.09%.

Over the last year, Havelock appreciation rates have trailed the rest of the nation. In the last twelve months, Havelock's appreciation rate has been -5.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Havelock were at -0.53%, which equates to an annual appreciation rate of -2.09%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Havelock differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Havelock - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Havelock real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,168

Havelock, NC HOME PRICES

Value Range
> $908,000 0.0
$681,001 - $908,000 0.7
$454,001 - $681,000 0.6
$363,001 - $454,000 0.5
$272,001 - $363,000 2.1
$181,001 - $272,000 9.7
$91,001 - $181,000 70.4
$46,001 - $91,000 8.7
$0 - $46,000 7.4

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
62.5014649009727 58.2577132486388

Number Of Homes And Apartments:
6,454

Havelock 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
4.43% 0.25% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,458 / per month

Homeownership Rate

Homeownership
Owners 35.31
Renters 64.69
Vacant 11.35

Housing Market Details

 

Age of Homes

AGE OF Havelock HOMES
2000 or Newer 26.4
1970 - 1999 52.9
1940 - 1969 19.8
1939 or Older 0.9

Types of Homes

TYPE OF Havelock HOMES
Single-Family 60.9
Townhomes 16.3
Small Apt. Buildings 8.6
Apt. Complexes 8.0
Mobile Homes 5.6
Other 0.5

Home Size

SIZE OF Havelock HOMES
No Bedroom 0.00
1 Bedroom 1.65
2 Bedrooms 33.60
3 Bedrooms 48.42
4 Bedrooms 15.19
5 or more bedrooms 1.14