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 7,058, 3,028 total housing units (homes and apartments), and a median house value of $260,369, Kill Devil Hills real estate is some of the most expensive in North Carolina, although Kill Devil Hills home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Kill Devil Hills, accounting for 80.23% of the town's housing units. Other types of housing that are prevalent in Kill Devil Hills include large apartment complexes or high rise apartments ( 10.34%), duplexes, homes converted to apartments or other small apartment buildings ( 6.03%), and a few mobile homes or trailers ( 2.40%).
The most prevalent building size and type in Kill Devil Hills are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.65% owning and 44.35% renting.
There is a lot of housing in Kill Devil Hills 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 Kill Devil Hills built between 1940-1969 ( 14.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.28%). There's also some housing in Kill Devil Hills built before 1939 ( 2.15%).
A decent proportion of the Kill Devil Hills housing stock is seasonally occupied. That is, homes and condos in Kill Devil Hills are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Kill Devil Hills housing market speaks to its popularity as a vacation location of choice.
Kill Devil Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kill Devil Hills during the period has been just -1.82%, which is lower than 80% of US communities.
Over the last year, Kill Devil Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Kill Devil Hills's appreciation rate has been 2.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kill Devil Hills were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Kill Devil Hills's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Kill Devil Hills's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
|$822,001 - $1,096,000||2.3|
|$549,001 - $822,000||4.4|
|$439,001 - $549,000||4.6|
|$329,001 - $439,000||17.6|
|$219,001 - $329,000||32.9|
|$110,001 - $219,000||29.5|
|$55,001 - $110,000||3.3|
|$0 - $55,000||5.0|
|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 Kill Devil Hills HOMES|
|2000 or Newer||12.3|
|1970 - 1999||71.1|
|1940 - 1969||14.4|
|1939 or Older||2.1|
|TYPE OF Kill Devil Hills HOMES|
|Small Apt. Buildings||6.0|
|SIZE OF Kill Devil Hills HOMES|
|5 or more bedrooms||4.15|