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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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$291,592

Number Of Homes And Apartments:

4,091,205

North Carolina Home Prices

> $1,538,000
$1,153,548 - $1,538,000
$769,001 - $1,153,547
$615,236 - $769,000
$461,389 - $615,235
$307,642 - $461,388
$153,800 - $307,641
$76,890 - $153,799
$0 - $76,889
1.3%
1.3%
1.7%
1.7%
5.5%
5.5%
6.0%
6.0%
12.0%
12.0%
21.0%
21.0%
31.8%
31.8%
13.7%
13.7%
6.9%
6.9%
0% 100.0%
% of Homes

North Carolina Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,942 / per month

Homeownership Rate

Owners
Renters
Vacant
64.3%
64.3%
35.7%
35.7%
13.7%
13.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.4%
29.4%
47.1%
47.1%
18.4%
18.4%
5.1%
5.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.4%
65.4%
4.4%
4.4%
4.7%
4.7%
13.5%
13.5%
11.9%
11.9%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
6.8%
6.8%
24.5%
24.5%
47.0%
47.0%
15.8%
15.8%
4.2%
4.2%
0% 100.0%
% of Homes