Pembroke, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pembroke Neighborhoods Since 2000




Pembroke, 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

Pembroke Housing Market Information

With a population of 3,004, 1,082 total housing units (homes and apartments), and a median house value of $108,380, house prices in Pembroke are solidly below the national average.

Single-family detached homes are the single most common housing type in Pembroke, accounting for 41.67% of the town's housing units. Other types of housing that are prevalent in Pembroke include large apartment complexes or high rise apartments ( 29.49%), duplexes, homes converted to apartments or other small apartment buildings ( 21.20%), and a few mobile homes or trailers ( 5.28%).

Pembroke is dominated by renter-occupied one, two, or no bedrooms apartments. 80.08% of Pembroke's dwellings are rentals.

There is a lot of housing in Pembroke 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 Pembroke built between 1940-1969 ( 29.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.12%). There's also some housing in Pembroke built before 1939 ( 2.44%).

Vacant housing appears to be an issue in Pembroke. Fully 12.10% of the housing stock is classified as vacant. Left unchecked, vacant Pembroke homes and apartments can be a drag on the real estate market, holding Pembroke 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.

Pembroke Home Appreciation Rates

Appreciation rates for homes in Pembroke have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.87%, which ranks in the top 50% nationwide. This equates to an annual average Pembroke house appreciation rate of 0.38%.

NeighborhoodScout's data show that during the latest twelve months, Pembroke's appreciation rate, at 3.68%, has been at or slightly above the national average. In the latest quarter, Pembroke's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

Notably, Pembroke's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Pembroke's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$108,380

Pembroke, NC HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$537,001 - $806,000 0.0
$430,001 - $537,000 0.0
$322,001 - $430,000 0.9
$215,001 - $322,000 7.9
$108,001 - $215,000 43.2
$53,001 - $108,000 32.0
$0 - $53,000 15.9

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
72.3309504277511 73.6842105263158

Number Of Homes And Apartments:
1,082

Pembroke 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
45.86% 2.21% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 19.92
Renters 80.08
Vacant 12.10

Housing Market Details

 

Age of Homes

AGE OF Pembroke HOMES
2000 or Newer 21.1
1970 - 1999 46.8
1940 - 1969 29.7
1939 or Older 2.4

Types of Homes

TYPE OF Pembroke HOMES
Single-Family 41.7
Townhomes 2.4
Small Apt. Buildings 21.2
Apt. Complexes 29.5
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Pembroke HOMES
No Bedroom 1.46
1 Bedroom 15.76
2 Bedrooms 39.24
3 Bedrooms 26.08
4 Bedrooms 14.05
5 or more bedrooms 3.41