North Carolina
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






North Carolina Real Estate Values & Housing Market 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$188,291

Number Of Homes And Apartments:
3,958,019

North Carolina Home Prices

> $1,228,744
0.9%
0.9%
$921,649 - $1,228,744
1.1%
1.1%
$614,354 - $921,648
3.5%
3.5%
$491,552 - $614,353
3.9%
3.9%
$368,604 - $491,551
8.5%
8.5%
$245,862 - $368,603
17.7%
17.7%
$123,001 - $245,861
36.9%
36.9%
$61,467 - $123,000
18.4%
18.4%
$0 - $61,466
9.0%
9.0%
0.0% 100.0%
% OF HOMES

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
1.66% 6.83%
5
Last 12 Months:
2019 Q3 - 2020 Q3
5.36% 5.36%
8
Last 2 Years:
2018 Q3 - 2020 Q3
11.05% 5.38%
8
Last 5 Years:
2015 Q3 - 2020 Q3
32.22% 5.75%
8
Last 10 Years:
2010 Q3 - 2020 Q3
35.22% 3.06%
6
Since 2000:
2000 Q1 - 2020 Q3
82.18% 2.97%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,131 / per month

Homeownership Rate

Owners
63.3%
63.3%
Renters
36.7%
36.7%
Vacant
14.3%
14.3%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
25.6%
25.6%
1970 - 1999
49.5%
49.5%
1940 - 1969
19.6%
19.6%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.1%
65.1%
Townhomes
4.1%
4.1%
Small Apt. Buildings
4.8%
4.8%
Apt. Complexes
12.9%
12.9%
Mobile Homes
13.0%
13.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
6.7%
6.7%
2 Bedrooms
25.3%
25.3%
3 Bedrooms
47.5%
47.5%
4 Bedrooms
15.2%
15.2%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES