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 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:
$164,811

Number Of Homes And Apartments:
3,815,392

North Carolina Home Prices

Value Range
> $1,130,092 0.9
$847,418 - $1,130,092 1.0
$565,001 - $847,417 3.0
$451,998 - $565,000 3.4
$339,001 - $451,997 7.6
$225,948 - $339,000 16.8
$113,001 - $225,947 38.1
$56,538 - $113,000 19.5
$0 - $56,537 9.9

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
1.63% 6.69%
7
Last 12 Months:
2017 Q1 - 2018 Q1
7.07% 7.07%
7
Last 2 Years:
2016 Q1 - 2018 Q1
12.47% 6.05%
7
Last 5 Years:
2013 Q1 - 2018 Q1
24.77% 4.53%
6
Last 10 Years:
2008 Q1 - 2018 Q1
9.95% 0.95%
6
Since 2000:
2000 Q1 - 2018 Q1
59.63% 2.63%
4
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,054 / 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