Kill Devil Hills, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kill Devil Hills, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Kill Devil Hills Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$260,369

Kill Devil Hills, NC HOME PRICES

Value Range
> $1,096,000 0.5
$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

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
20.9891011367632 12.5226860254083

Number Of Homes And Apartments:
3,028

Kill Devil Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
87.64% 3.72% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,430 / per month

Homeownership Rate

Homeownership
Owners 55.65
Renters 44.35
Vacant 54.81

Housing Market Details

 

Age of Homes

AGE OF Kill Devil Hills HOMES
2000 or Newer 12.3
1970 - 1999 71.1
1940 - 1969 14.4
1939 or Older 2.1

Types of Homes

TYPE OF Kill Devil Hills HOMES
Single-Family 80.2
Townhomes 1.0
Small Apt. Buildings 6.0
Apt. Complexes 10.3
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Kill Devil Hills HOMES
No Bedroom 0.76
1 Bedroom 0.84
2 Bedrooms 25.92
3 Bedrooms 47.77
4 Bedrooms 20.56
5 or more bedrooms 4.15

Popular Neighborhoods in Kill Devil Hills

Zip Codes in Kill Devil Hills, NC