North Carolina
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q1 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

Average Home Values

Median Home Value:
$183,153

Number Of Homes And Apartments:
3,918,597

North Carolina Home Prices

Value Range
> $1,200,167 0.9
$900,001 - $1,200,167 1.1
$600,085 - $900,000 3.5
$480,001 - $600,084 3.9
$360,085 - $480,000 8.5
$240,001 - $360,084 17.7
$120,001 - $240,000 36.9
$60,001 - $120,000 18.4
$0 - $60,000 9.0

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
1.24% 5.06%
9
Last 12 Months:
2019 Q1 - 2020 Q1
5.53% 5.53%
8
Last 2 Years:
2018 Q1 - 2020 Q1
12.82% 6.22%
9
Last 5 Years:
2015 Q1 - 2020 Q1
32.56% 5.80%
8
Last 10 Years:
2010 Q1 - 2020 Q1
32.54% 2.86%
6
Since 2000:
2000 Q1 - 2020 Q1
78.77% 2.95%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,101 / per month

Homeownership Rate

Homeownership
Owners 63.29
Renters 36.71
Vacant 14.31

Housing Details

Age of Homes

AGE OF North Carolina HOMES
2000 or Newer 25.6
1970 - 1999 49.5
1940 - 1969 19.6
1939 or Older 5.3

Types of Homes

TYPE OF North Carolina HOMES
Single-Family 65.1
Townhomes 4.1
Small Apt. Buildings 4.8
Apt. Complexes 12.9
Mobile Homes 13.0
Other 0.1

Home Size

SIZE OF North Carolina HOMES
No Bedroom 1.61
1 Bedroom 6.65
2 Bedrooms 25.26
3 Bedrooms 47.47
4 Bedrooms 15.20
5 or more bedrooms 3.80