High Point, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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High Point, NC Real Estate Data


High Point Housing Market Information

With 110,268 people, 40,988 houses or apartments, and a median cost of homes of $147,422, High Point real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in High Point, accounting for 63.89% of the city's housing units. Other types of housing that are prevalent in High Point include large apartment complexes or high rise apartments ( 22.61%), row houses and other attached homes ( 6.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.38%).

The most prevalent building size and type in High Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.79% owning and 45.21% renting.

There is a lot of housing in High Point 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 High Point built between 1940-1969 ( 27.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.96%). There's also some housing in High Point built before 1939 ( 6.84%).

Vacant housing appears to be an issue in High Point. Fully 11.29% of the housing stock is classified as vacant. Left unchecked, vacant High Point homes and apartments can be a drag on the real estate market, holding High Point 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.

High Point Home Appreciation Rates

Real estate appreciation rates in High Point's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, High Point's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, High Point's appreciation rate has been 1.75%, which annualizes to a rate of 7.20%.

Relative to North Carolina, our data show that High Point's latest annual appreciation rate is higher than 70% 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 High Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in High Point - 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 High Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$147,422

High Point, NC HOME PRICES

Value Range
> $1,096,000 0.3
$822,001 - $1,096,000 0.2
$548,001 - $822,000 1.1
$438,001 - $548,000 0.7
$329,001 - $438,000 4.6
$219,001 - $329,000 13.3
$110,001 - $219,000 40.5
$55,001 - $110,000 32.1
$0 - $55,000 7.1

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
52.0700357205598 46.8239564428312

Number Of Homes And Apartments:
40,988

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 54.79
Renters 45.21
Vacant 11.29

Housing Market Details

 

Age of Homes

AGE OF High Point HOMES
2000 or Newer 24.0
1970 - 1999 42.0
1940 - 1969 27.2
1939 or Older 6.8

Types of Homes

TYPE OF High Point HOMES
Single-Family 63.9
Townhomes 6.5
Small Apt. Buildings 6.4
Apt. Complexes 22.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF High Point HOMES
No Bedroom 0.84
1 Bedroom 8.40
2 Bedrooms 29.90
3 Bedrooms 42.27
4 Bedrooms 15.91
5 or more bedrooms 2.68

High Point 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
9.73% 0.55% 1 1
* 10 is highest