Ocean Isle Beach, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ocean Isle Beach Neighborhoods Since 2000




Ocean Isle Beach, 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

Ocean Isle Beach Housing Market Information

With 597 people, 357 houses or apartments, and a median cost of homes of $535,016, Ocean Isle Beach house prices are not only among the most expensive in North Carolina, Ocean Isle Beach real estate also is some of the most expensive in all of America.

Ocean Isle Beach is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ocean Isle Beach than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ocean Isle Beach. Owner-occupied housing accounts for 82.91% of Ocean Isle Beach's homes, and 64.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ocean Isle Beach 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 Ocean Isle Beach built between 2000 and later ( 24.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.57%).

A decent proportion of the Ocean Isle Beach housing stock is seasonally occupied. That is, homes and condos in Ocean Isle Beach 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 Ocean Isle Beach housing market speaks to its popularity as a vacation location of choice.

Ocean Isle Beach Home Appreciation Rates

Homes have actually lost value in Ocean Isle Beach over the last then years, as home values have seen a decline of 20.09% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ocean Isle Beach home appreciation rates at 1.32%, which equates to an annual appreciation rate of 5.39%.

NeighborhoodScout's data show that during the latest twelve months, Ocean Isle Beach's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Ocean Isle Beach's appreciation rate has been 1.32%, which annualizes to a rate of 5.39%.

Relative to North Carolina, our data show that Ocean Isle Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$535,016

Ocean Isle Beach, NC HOME PRICES

Value Range
> $1,109,000 6.9
$831,001 - $1,109,000 12.8
$554,001 - $831,000 23.5
$443,001 - $554,000 19.1
$333,001 - $443,000 13.5
$222,001 - $333,000 14.9
$111,001 - $222,000 5.3
$55,001 - $111,000 0.8
$0 - $55,000 3.1

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
5.02754013828665 0.907441016333938

Number Of Homes And Apartments:
357

Ocean Isle Beach 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
74.07% 3.27% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,326 / per month

Homeownership Rate

Homeownership
Owners 82.91
Renters 17.09
Vacant 89.26

Housing Market Details

 

Age of Homes

AGE OF Ocean Isle Beach HOMES
2000 or Newer 24.4
1970 - 1999 70.1
1940 - 1969 5.6
1939 or Older 0.0

Types of Homes

TYPE OF Ocean Isle Beach HOMES
Single-Family 68.6
Townhomes 1.2
Small Apt. Buildings 10.6
Apt. Complexes 18.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Ocean Isle Beach HOMES
No Bedroom 1.17
1 Bedroom 4.60
2 Bedrooms 12.43
3 Bedrooms 19.26
4 Bedrooms 45.11
5 or more bedrooms 17.42

Popular Neighborhoods in Ocean Isle Beach

Zip Codes in Ocean Isle Beach, NC