High Point, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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High Point, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

High Point Housing Market Information

With 111,513 people, 40,945 houses or apartments, and a median cost of homes of $155,438, 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 62.70% of the city's housing units. Other types of housing that are prevalent in High Point include large apartment complexes or high rise apartments ( 23.66%), duplexes, homes converted to apartments or other small apartment buildings ( 6.69%), and a few row houses and other attached homes ( 6.28%).

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 54.46% owning and 45.54% 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 ( 27.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.02%). There's also some housing in High Point built before 1939 ( 7.00%).

Vacant housing appears to be an issue in High Point. Fully 12.04% 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

High Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in High Point during the period has been just 0.39%, which is lower than 70% of US communities.

Appreciation rates are so strong in High Point that despite a nationwide downturn in the housing market, High Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, High Point appreciation rates continue to be some of the highest in America, at 9.79%, which is higher than appreciation rates in 90.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in High Point. High Point appreciation rates in the latest quarter were at 1.75%, which equates to an annual appreciation rate of 7.20%.

Importantly, this makes High Point one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Carolina, our data show that High Point's latest annual appreciation rate is higher than 80% 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:
$155,438

High Point, NC HOME PRICES

Value Range
> $1,171,000 0.2
$878,001 - $1,171,000 0.1
$585,001 - $878,000 1.1
$469,001 - $585,000 1.1
$351,001 - $469,000 6.5
$234,001 - $351,000 18.3
$117,001 - $234,000 44.6
$59,001 - $117,000 23.0
$0 - $59,000 5.0

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
54.4700729927007 49.6376811594203

Number Of Homes And Apartments:
40,945

High Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
20.40% 0.97%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,037 / per month

Homeownership Rate

Homeownership
Owners 54.46
Renters 45.54
Vacant 12.04

Housing Market Details

 

Age of Homes

AGE OF High Point HOMES
2000 or Newer 24.0
1970 - 1999 41.1
1940 - 1969 27.9
1939 or Older 7.0

Types of Homes

TYPE OF High Point HOMES
Single-Family 62.7
Townhomes 6.3
Small Apt. Buildings 6.7
Apt. Complexes 23.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF High Point HOMES
No Bedroom 1.42
1 Bedroom 8.93
2 Bedrooms 29.40
3 Bedrooms 41.06
4 Bedrooms 16.18
5 or more bedrooms 3.01