Pinehurst, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pinehurst Neighborhoods Since 2000




Pinehurst, 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

Pinehurst Housing Market Information

With 15,752 people, 7,287 houses or apartments, and a median cost of homes of $269,793, Pinehurst real estate is some of the most expensive in North Carolina, although Pinehurst home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pinehurst, accounting for 85.61% of the village's housing units. Other types of housing that are prevalent in Pinehurst include duplexes, homes converted to apartments or other small apartment buildings ( 5.95%), large apartment complexes or high rise apartments ( 4.20%), and a few row houses and other attached homes ( 3.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pinehurst. Owner-occupied housing accounts for 84.22% of Pinehurst's homes, and 75.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pinehurst 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 Pinehurst built between 2000 and later ( 30.24%). A lesser amount of the housing stock also hails from before 1939 ( 4.26%). There's also some housing in Pinehurst built between 1940-1969 ( 2.79%).

Vacant housing appears to be an issue in Pinehurst. Fully 20.99% of the housing stock is classified as vacant. Left unchecked, vacant Pinehurst homes and apartments can be a drag on the real estate market, holding Pinehurst 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.

Pinehurst Home Appreciation Rates

Real estate appreciation rates in Pinehurst's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Over the last year, Pinehurst appreciation rates have trailed the rest of the nation. In the last twelve months, Pinehurst's appreciation rate has been 1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pinehurst were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

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

Average Home Values

 

Median Home Value:
$269,793

Pinehurst, NC HOME PRICES

Value Range
> $1,032,000 5.1
$774,001 - $1,032,000 3.4
$515,001 - $774,000 8.8
$412,001 - $515,000 6.6
$310,001 - $412,000 16.6
$206,001 - $310,000 34.4
$103,001 - $206,000 16.4
$51,001 - $103,000 5.4
$0 - $51,000 3.3

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
19.7820227352631 11.2522686025408

Number Of Homes And Apartments:
7,287

Pinehurst 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
25.37% 1.32% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,821 / per month

Homeownership Rate

Homeownership
Owners 84.22
Renters 15.78
Vacant 20.99

Housing Market Details

 

Age of Homes

AGE OF Pinehurst HOMES
2000 or Newer 30.2
1970 - 1999 62.7
1940 - 1969 2.8
1939 or Older 4.3

Types of Homes

TYPE OF Pinehurst HOMES
Single-Family 85.6
Townhomes 3.9
Small Apt. Buildings 6.0
Apt. Complexes 4.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Pinehurst HOMES
No Bedroom 0.29
1 Bedroom 3.13
2 Bedrooms 16.25
3 Bedrooms 56.01
4 Bedrooms 19.39
5 or more bedrooms 4.92