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 Q2 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:
$178,535

Number Of Homes And Apartments:
3,874,346

North Carolina Home Prices

Value Range
> $1,187,679 0.9
$890,367 - $1,187,679 1.0
$593,801 - $890,366 3.2
$474,882 - $593,800 3.6
$356,199 - $474,881 7.9
$237,506 - $356,198 17.2
$118,653 - $237,505 37.5
$59,373 - $118,652 19.0
$0 - $59,372 9.5

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q1 - 2019 Q2
1.61% 6.60%
4
Last 12 Months:
2018 Q2 - 2019 Q2
5.77% 5.77%
8
Last 2 Years:
2017 Q2 - 2019 Q2
13.14% 6.37%
8
Last 5 Years:
2014 Q2 - 2019 Q2
32.04% 5.72%
7
Last 10 Years:
2009 Q2 - 2019 Q2
21.79% 1.99%
5
Since 2000:
2000 Q1 - 2019 Q2
73.23% 2.90%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,112 / 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