Pinehurst, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pinehurst Neighborhoods Since 2000




Pinehurst, NC Real Estate Data


Pinehurst Housing Market Information

With 15,752 people, 6,959 houses or apartments, and a median cost of homes of $306,559, 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 85.77% 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 ( 5.77%), large apartment complexes or high rise apartments ( 4.30%), and a few row houses and other attached homes ( 3.77%).

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 83.82% of Pinehurst's homes, and 76.08% 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 ( 30.46%). A lesser amount of the housing stock also hails from before 1939 ( 3.77%). There's also some housing in Pinehurst built between 1940-1969 ( 2.67%).

Vacant housing appears to be an issue in Pinehurst. Fully 21.40% 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

Appreciation rates for homes in Pinehurst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.90%, which ranks in the top 50% nationwide. This equates to an annual average Pinehurst house appreciation rate of 0.38%.

NeighborhoodScout's data show that during the latest twelve months, Pinehurst's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Pinehurst's appreciation rate has been 0.99%, which annualizes to a rate of 4.04%.

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 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$306,559

Pinehurst, NC HOME PRICES

Value Range
> $1,068,000 5.2
$801,001 - $1,068,000 4.3
$534,001 - $801,000 9.7
$427,001 - $534,000 7.1
$321,001 - $427,000 15.4
$214,001 - $321,000 34.4
$107,001 - $214,000 16.2
$53,001 - $107,000 4.7
$0 - $53,000 3.1

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
16.2674942905663 7.25952813067151

Number Of Homes And Apartments:
6,959

Rent & Ownership

 

Average Market Rent:
$1,778 / per month

Homeownership Rate

Homeownership
Owners 83.82
Renters 16.18
Vacant 21.40

Housing Market Details

 

Age of Homes

AGE OF Pinehurst HOMES
2000 or Newer 30.5
1970 - 1999 63.1
1940 - 1969 2.7
1939 or Older 3.8

Types of Homes

TYPE OF Pinehurst HOMES
Single-Family 85.8
Townhomes 3.8
Small Apt. Buildings 5.8
Apt. Complexes 4.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Pinehurst HOMES
No Bedroom 0.21
1 Bedroom 3.11
2 Bedrooms 16.20
3 Bedrooms 58.11
4 Bedrooms 17.97
5 or more bedrooms 4.40

Pinehurst Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.59% 1.49% 6 3
* 10 is highest