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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pineville, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pineville, NC Housing Market Trends

With a population of 10,886, 4,417 total housing units (homes and apartments), and a median house value of $487,555, Pineville real estate is some of the most expensive in North Carolina, although Pineville home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Pineville, accounting for 42.09% of the town's housing units. Other types of housing that are prevalent in Pineville include single-family detached homes ( 35.25%), row houses and other attached homes ( 20.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.35%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Pineville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Pineville has a mixture of owner-occupied and renter-occupied housing.

Pineville homes and real estate are some of the newest in America. 51.50% of Pineville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pineville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.73%), and between 1940-1969 ( 9.55%). There's also some housing in Pineville built before 1939 ( 2.22%).

Pineville Home Appreciation Rates

In the last 10 years, Pineville has experienced some of the highest home appreciation rates of any community in the nation. Pineville real estate appreciated 166.67% over the last ten years, which is an average annual home appreciation rate of 10.31%, putting Pineville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pineville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Pineville appreciation rates have trailed the rest of the nation. In the last twelve months, Pineville's appreciation rate has been 4.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pineville were at 0.72%, which equates to an annual appreciation rate of 2.90%.

Relative to North Carolina, our data show that Pineville's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$487,555

Pineville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,258 / per month

Homeownership Rate

Owners
Renters
47.1%
47.1%
52.9%
52.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.5%
51.5%
36.7%
36.7%
9.5%
9.5%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
35.2%
35.2%
20.3%
20.3%
2.3%
2.3%
42.1%
42.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
20.1%
20.1%
33.1%
33.1%
30.0%
30.0%
12.0%
12.0%
3.0%
3.0%
0% 100.0%
% of Homes