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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$172,505

Number Of Homes And Apartments:
3,863,007

North Carolina Home Prices

Value Range
> $1,176,699 0.9
$882,299 - $1,176,699 1.0
$588,322 - $882,298 3.0
$470,657 - $588,321 3.4
$353,001 - $470,656 7.6
$235,235 - $353,000 16.8
$117,744 - $235,234 38.1
$58,910 - $117,743 19.5
$0 - $58,909 9.9

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
1.58% 6.45%
6
Last 12 Months:
2017 Q3 - 2018 Q3
7.42% 7.42%
8
Last 2 Years:
2016 Q3 - 2018 Q3
13.92% 6.73%
7
Last 5 Years:
2013 Q3 - 2018 Q3
29.68% 5.33%
7
Last 10 Years:
2008 Q3 - 2018 Q3
16.90% 1.57%
5
Since 2000:
2000 Q1 - 2018 Q3
67.30% 2.82%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,099 / per month

Homeownership Rate

Homeownership
Owners 63.12
Renters 36.88
Vacant 14.33

Housing Details

Age of Homes

AGE OF North Carolina HOMES
2000 or Newer 23.7
1970 - 1999 50.5
1940 - 1969 20.4
1939 or Older 5.4

Types of Homes

TYPE OF North Carolina HOMES
Single-Family 65.2
Townhomes 4.0
Small Apt. Buildings 4.9
Apt. Complexes 12.7
Mobile Homes 13.3
Other 0.0

Home Size

SIZE OF North Carolina HOMES
No Bedroom 1.45
1 Bedroom 6.62
2 Bedrooms 25.98
3 Bedrooms 47.41
4 Bedrooms 14.88
5 or more bedrooms 3.65