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North Carolina
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






North Carolina Real Estate Market & Appreciation

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 Q2 2022. 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

Average Home Values

Median Home Value:
$261,536

Number Of Homes And Apartments:
4,031,592

North Carolina Home Prices

> $1,477,265
$1,108,087 - $1,477,265
$738,793 - $1,108,086
$590,987 - $738,792
$443,372 - $590,986
$295,480 - $443,371
$147,758 - $295,479
$73,935 - $147,757
$0 - $73,934
1.1%
1.1%
1.5%
1.5%
4.7%
4.7%
5.4%
5.4%
10.9%
10.9%
20.3%
20.3%
34.1%
34.1%
14.9%
14.9%
7.1%
7.1%
0.0% 100.0%
% OF HOMES

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q1 - 2022 Q2
8.26% 37.37%
10
Last 12 Months:
2021 Q2 - 2022 Q2
26.64% 26.64%
10
Last 2 Years:
2020 Q2 - 2022 Q2
43.51% 19.80%
9
Last 5 Years:
2017 Q2 - 2022 Q2
68.19% 10.96%
9
Last 10 Years:
2012 Q2 - 2022 Q2
101.27% 7.25%
8
Since 2000:
2000 Q1 - 2022 Q2
154.11% 4.28%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,549 / per month

Homeownership Rate

Owners
Renters
Vacant
64.0%
64.0%
36.0%
36.0%
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.6%
27.6%
48.3%
48.3%
18.9%
18.9%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.3%
65.3%
4.3%
4.3%
4.7%
4.7%
13.3%
13.3%
12.4%
12.4%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
6.7%
6.7%
24.7%
24.7%
47.4%
47.4%
15.6%
15.6%
4.0%
4.0%
0.0% 100.0%
% OF HOMES