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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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, 41,117 houses or apartments, and a median cost of homes of $141,143, 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 63.07% of the city's housing units. Other types of housing that are prevalent in High Point include large apartment complexes or high rise apartments ( 23.51%), row houses and other attached homes ( 6.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 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 52.71% owning and 47.29% 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 ( 27.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.97%). There's also some housing in High Point built before 1939 ( 6.75%).

Vacant housing appears to be an issue in High Point. Fully 11.45% 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 -0.06%, which is lower than 80% of US communities.

Over the last year, High Point appreciation rates have trailed the rest of the nation. In the last twelve months, High Point's appreciation rate has been 3.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in High Point were at 2.29%, which equates to an annual appreciation rate of 9.50%.

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:
$141,143

High Point, NC HOME PRICES

Value Range
> $1,154,000 0.3
$866,001 - $1,154,000 0.1
$577,001 - $866,000 1.2
$462,001 - $577,000 0.8
$346,001 - $462,000 4.4
$231,001 - $346,000 13.5
$115,001 - $231,000 39.1
$58,001 - $115,000 31.3
$0 - $58,000 9.3

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
59.9007299270073 56.5217391304348

Number Of Homes And Apartments:
41,117

High Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
13.37% 0.67%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,094 / per month

Homeownership Rate

Homeownership
Owners 52.71
Renters 47.29
Vacant 11.45

Housing Market Details

 

Age of Homes

AGE OF High Point HOMES
2000 or Newer 24.0
1970 - 1999 41.5
1940 - 1969 27.7
1939 or Older 6.7

Types of Homes

TYPE OF High Point HOMES
Single-Family 63.1
Townhomes 6.4
Small Apt. Buildings 6.3
Apt. Complexes 23.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF High Point HOMES
No Bedroom 1.45
1 Bedroom 8.66
2 Bedrooms 29.90
3 Bedrooms 41.76
4 Bedrooms 15.37
5 or more bedrooms 2.86