Pittsboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pittsboro Neighborhoods Since 2000




Pittsboro, 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

Pittsboro Housing Market Information

With a population of 4,198, 1,601 total housing units (homes and apartments), and a median house value of $250,709, Pittsboro real estate is some of the most expensive in North Carolina, although Pittsboro home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pittsboro, accounting for 75.47% of the town's housing units. Other types of housing that are prevalent in Pittsboro include mobile homes or trailers ( 9.94%), large apartment complexes or high rise apartments ( 5.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.05%).

The most prevalent building size and type in Pittsboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.85% owning and 39.15% renting.

Pittsboro homes and real estate are some of the newest in America. 45.26% of Pittsboro'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 Pittsboro real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.92%), and between 1940-1969 ( 13.33%). There's also some housing in Pittsboro built before 1939 ( 6.49%).

Pittsboro Home Appreciation Rates

Appreciation rates for homes in Pittsboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.88%, which ranks in the top 40% nationwide. This equates to an annual average Pittsboro house appreciation rate of 0.48%.

NeighborhoodScout's data show that during the latest twelve months, Pittsboro's appreciation rate, at 3.25%, has been at or slightly above the national average. In the latest quarter, Pittsboro's appreciation rate has been 0.02%, which annualizes to a rate of 0.08%.

Relative to North Carolina, our data show that Pittsboro's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$250,709

Pittsboro, NC HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 1.6
$550,001 - $826,000 2.5
$440,001 - $550,000 11.9
$330,001 - $440,000 14.0
$220,001 - $330,000 25.9
$110,001 - $220,000 30.3
$55,001 - $110,000 7.6
$0 - $55,000 6.1

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
22.412984882222 13.7931034482759

Number Of Homes And Apartments:
1,601

Pittsboro 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
30.59% 1.56% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Homeownership
Owners 60.85
Renters 39.15
Vacant 8.04

Housing Market Details

 

Age of Homes

AGE OF Pittsboro HOMES
2000 or Newer 45.3
1970 - 1999 34.9
1940 - 1969 13.3
1939 or Older 6.5

Types of Homes

TYPE OF Pittsboro HOMES
Single-Family 75.5
Townhomes 4.3
Small Apt. Buildings 5.1
Apt. Complexes 5.3
Mobile Homes 9.9
Other 0.0

Home Size

SIZE OF Pittsboro HOMES
No Bedroom 0.00
1 Bedroom 9.42
2 Bedrooms 24.99
3 Bedrooms 43.02
4 Bedrooms 14.42
5 or more bedrooms 8.16

Popular Neighborhoods in Pittsboro

Zip Codes in Pittsboro, NC