Havelock, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Havelock, NC Real Estate Data


Havelock Housing Market Information

With 20,364 people, 6,564 houses or apartments, and a median cost of homes of $190,180, Havelock real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Havelock, accounting for 58.82% of the city's housing units. Other types of housing that are prevalent in Havelock include row houses and other attached homes ( 17.88%), duplexes, homes converted to apartments or other small apartment buildings ( 10.06%), and a few large apartment complexes or high rise apartments ( 6.88%).

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 36.26% owning and 63.74% 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 ( 24.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.92%). There's also some housing in Havelock built before 1939 ( 1.22%).

Havelock Home Appreciation Rates

Havelock's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Havelock during the period has been just -1.08%, which is lower than 70% of US communities.

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 4.22%, 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 0.47%, which equates to an annual appreciation rate of 1.91%.

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 60% 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:
$190,180

Havelock, NC HOME PRICES

Value Range
> $1,007,000 0.0
$755,001 - $1,007,000 0.5
$503,001 - $755,000 0.7
$402,001 - $503,000 0.1
$302,001 - $402,000 21.9
$201,001 - $302,000 7.4
$101,001 - $201,000 53.0
$50,001 - $101,000 7.8
$0 - $50,000 8.6

High for NC
High for Nation

Value Relative to Nation Value Relative to State
35.6678573519939 27.4047186932849

Number Of Homes And Apartments:
6,564

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 36.26
Renters 63.74
Vacant 9.71

Housing Market Details

 

Age of Homes

AGE OF Havelock HOMES
2000 or Newer 24.8
1970 - 1999 56.0
1940 - 1969 17.9
1939 or Older 1.2

Types of Homes

TYPE OF Havelock HOMES
Single-Family 58.8
Townhomes 17.9
Small Apt. Buildings 10.1
Apt. Complexes 6.9
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Havelock HOMES
No Bedroom 0.23
1 Bedroom 1.61
2 Bedrooms 34.88
3 Bedrooms 48.46
4 Bedrooms 13.78
5 or more bedrooms 1.03

Havelock 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
22.14% 1.18% 4 2
* 10 is highest