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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$182,260

Number Of Homes And Apartments:
3,915,905

North Carolina Home Prices

Value Range
> $1,211,476 0.9
$908,640 - $1,211,476 1.0
$605,709 - $908,639 3.2
$484,625 - $605,708 3.6
$363,378 - $484,624 7.9
$242,282 - $363,377 17.2
$121,209 - $242,281 37.5
$60,584 - $121,208 19.0
$0 - $60,583 9.5

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q2 - 2019 Q3
0.86% 3.46%
4
Last 12 Months:
2018 Q3 - 2019 Q3
5.26% 5.26%
8
Last 2 Years:
2017 Q3 - 2019 Q3
12.61% 6.12%
8
Last 5 Years:
2014 Q3 - 2019 Q3
31.85% 5.69%
7
Last 10 Years:
2009 Q3 - 2019 Q3
25.73% 2.32%
5
Since 2000:
2000 Q1 - 2019 Q3
74.63% 2.90%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,129 / per month

Homeownership Rate

Homeownership
Owners 63.26
Renters 36.74
Vacant 14.32

Housing Details

Age of Homes

AGE OF North Carolina HOMES
2000 or Newer 24.7
1970 - 1999 50.0
1940 - 1969 19.9
1939 or Older 5.3

Types of Homes

TYPE OF North Carolina HOMES
Single-Family 65.2
Townhomes 4.0
Small Apt. Buildings 4.8
Apt. Complexes 12.7
Mobile Homes 13.2
Other 0.1

Home Size

SIZE OF North Carolina HOMES
No Bedroom 1.55
1 Bedroom 6.60
2 Bedrooms 25.52
3 Bedrooms 47.48
4 Bedrooms 15.13
5 or more bedrooms 3.73