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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 31,377, 9,473 total housing units (homes and apartments), and a median house value of $302,322, Holly Springs real estate is some of the most expensive in North Carolina, although Holly Springs home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Holly Springs, accounting for 88.22% of the town's housing units. Other types of housing that are prevalent in Holly Springs include large apartment complexes or high rise apartments ( 6.35%), row houses and other attached homes ( 2.73%), and a few mobile homes or trailers ( 2.39%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Holly Springs. Owner-occupied housing accounts for 87.67% of Holly Springs's homes, and 77.32% have either three or four bedrooms, which is average sized relative to America.
Holly Springs homes and real estate are some of the newest in America. 60.28% of Holly Springs's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Holly Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.11%), and between 1940-1969 ( 1.66%).
In the last 10 years, Holly Springs has experienced some of the highest home appreciation rates of any community in the nation. Holly Springs real estate appreciated 15.36% over the last ten years, which is an average annual home appreciation rate of 1.44%, putting Holly Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Holly Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Holly Springs that despite a nationwide downturn in the housing market, Holly Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holly Springs appreciation rates continue to be some of the highest in America, at 7.65%, which is higher than appreciation rates in 85.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holly Springs. Holly Springs appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.
Importantly, this makes Holly Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Holly Springs's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Holly Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holly Springs - 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 Holly Springs real estate investment or home purchase decisions.
|$899,001 - $1,198,000||0.5|
|$599,001 - $899,000||5.8|
|$480,001 - $599,000||8.6|
|$360,001 - $480,000||16.2|
|$240,001 - $360,000||36.1|
|$120,001 - $240,000||27.1|
|$60,001 - $120,000||2.9|
|$0 - $60,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Holly Springs HOMES|
|2000 or Newer||60.3|
|1970 - 1999||37.1|
|1940 - 1969||1.7|
|1939 or Older||1.0|
|TYPE OF Holly Springs HOMES|
|Small Apt. Buildings||0.3|
|SIZE OF Holly Springs HOMES|
|5 or more bedrooms||10.64|