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 Q4 2018. 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 a population of 111,513, 40,945 total housing units (homes and apartments), and a median house value of $152,806, house prices in High Point are solidly below the national average.

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 0.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, High Point's appreciation rate, at 6.23%, has been at or slightly above the national average. In the latest quarter, High Point's appreciation rate has been 3.08%, which annualizes to a rate of 12.92%.

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 lower 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:
$152,806

High Point, NC HOME PRICES

Value Range
> $1,168,000 0.3
$876,001 - $1,168,000 0.1
$584,001 - $876,000 1.1
$467,001 - $584,000 1.1
$350,001 - $467,000 4.6
$234,001 - $350,000 13.7
$117,001 - $234,000 38.9
$58,001 - $117,000 31.5
$0 - $58,000 8.7

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
55.5970802919708 50.1811594202899

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 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
16.98% 0.82%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,034 / 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