Pineville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pineville Neighborhoods Since 2000




Pineville, 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

Pineville Housing Market Information

With a population of 8,429, 4,021 total housing units (homes and apartments), and a median house value of $219,572, Pineville real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Pineville, accounting for 58.55% of the town's housing units. Other types of housing that are prevalent in Pineville include single-family detached homes ( 25.89%), row houses and other attached homes ( 12.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.16%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Pineville is dominated by renter-occupied one, two, or no bedrooms apartments. 69.07% of Pineville's dwellings are rentals.

There is a lot of housing in Pineville 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 Pineville built between 2000 and later ( 28.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.04%). There's also some housing in Pineville built before 1939 ( 1.89%).

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 26.74% over the last ten years, which is an average annual home appreciation rate of 2.40%, 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.

Appreciation rates are so strong in Pineville that despite a nationwide downturn in the housing market, Pineville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pineville appreciation rates continue to be some of the highest in America, at 12.35%, which is higher than appreciation rates in 97.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pineville. Pineville appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Pineville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Pineville's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$219,572

Pineville, NC HOME PRICES

Value Range
> $1,335,000 0.0
$1,000,001 - $1,335,000 0.0
$667,001 - $1,000,000 1.5
$534,001 - $667,000 2.7
$400,001 - $534,000 1.4
$267,001 - $400,000 32.5
$133,001 - $267,000 47.2
$66,001 - $133,000 12.1
$0 - $66,000 2.6

High for NC
High for Nation

Value Relative to Nation Value Relative to State
27.7862416500645 20.3266787658802

Number Of Homes And Apartments:
4,021

Pineville 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
56.87% 2.64% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,226 / per month

Homeownership Rate

Homeownership
Owners 30.93
Renters 69.07
Vacant 8.68

Housing Market Details

 

Age of Homes

AGE OF Pineville HOMES
2000 or Newer 28.7
1970 - 1999 59.4
1940 - 1969 10.0
1939 or Older 1.9

Types of Homes

TYPE OF Pineville HOMES
Single-Family 25.9
Townhomes 12.2
Small Apt. Buildings 3.2
Apt. Complexes 58.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Pineville HOMES
No Bedroom 4.86
1 Bedroom 22.17
2 Bedrooms 43.36
3 Bedrooms 22.26
4 Bedrooms 6.15
5 or more bedrooms 1.20