Pink Hill, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Pink Hill, NC Housing Market Trends

With 451 people, 279 houses or apartments, and a median cost of homes of $83,926, house prices in Pink Hill are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Pink Hill, accounting for 57.46% of the town's housing units. Other types of housing that are prevalent in Pink Hill include mobile homes or trailers ( 27.61%), large apartment complexes or high rise apartments ( 7.32%), and a few row houses and other attached homes ( 3.94%).

The most prevalent building size and type in Pink Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.35% owning and 42.65% renting.

There is a lot of housing in Pink Hill 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 Pink Hill built between 1940-1969 ( 36.34%). A lesser amount of the housing stock also hails from before 1939 ( 14.37%). There's also some housing in Pink Hill built between 2000 and later ( 10.70%).

Vacant housing appears to be an issue in Pink Hill. Fully 21.41% of the housing stock is classified as vacant. Left unchecked, vacant Pink Hill homes and apartments can be a drag on the real estate market, holding Pink Hill 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.

Pink Hill Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pink Hill, where house values have increased just 17.87%, which is annualized rate of 1.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Pink Hill that despite a nationwide downturn in the housing market, Pink Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pink Hill appreciation rates continue to be some of the highest in America, at 21.04%, which is higher than appreciation rates in 72.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pink Hill. Pink Hill appreciation rates in the latest quarter were at 8.59%, which equates to an annual appreciation rate of 39.06%.

Relative to North Carolina, our data show that Pink Hill's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$83,926

Pink Hill, NC HOME PRICES

> $1,127,000
$845,001 - $1,127,000
$564,001 - $845,000
$451,001 - $564,000
$338,001 - $451,000
$226,001 - $338,000
$112,001 - $226,000
$57,001 - $112,000
$0 - $57,000
0.0%
0.0%
0.0%
0.0%
0.6%
0.6%
0.0%
0.0%
0.3%
0.3%
5.3%
5.3%
26.7%
26.7%
43.8%
43.8%
23.3%
23.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for NC

Value Relative To Nation

Number Of Homes And Apartments:
279

Pink Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
44.49% 1.69%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$867 / per month

Homeownership Rate

Owners
Renters
Vacant
57.3%
57.3%
42.7%
42.7%
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.7%
10.7%
38.6%
38.6%
36.3%
36.3%
14.4%
14.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.5%
57.5%
3.9%
3.9%
0.0%
0.0%
7.3%
7.3%
27.6%
27.6%
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.3%
7.3%
1.1%
1.1%
34.4%
34.4%
45.4%
45.4%
9.0%
9.0%
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Pink Hill

Zip Codes in Pink Hill, NC