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 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:
$167,269

Number Of Homes And Apartments:
3,815,392

North Carolina Home Prices

Value Range
> $1,150,000 0.9
$862,651 - $1,150,000 1.0
$575,232 - $862,650 3.0
$460,001 - $575,231 3.4
$345,001 - $460,000 7.6
$230,001 - $345,000 16.8
$115,001 - $230,000 38.1
$57,536 - $115,000 19.5
$0 - $57,535 9.9

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
3.14% 13.18%
9
Last 12 Months:
2017 Q2 - 2018 Q2
6.77% 6.77%
7
Last 2 Years:
2016 Q2 - 2018 Q2
14.32% 6.92%
8
Last 5 Years:
2013 Q2 - 2018 Q2
27.89% 5.04%
7
Last 10 Years:
2008 Q2 - 2018 Q2
13.54% 1.28%
5
Since 2000:
2000 Q1 - 2018 Q2
64.52% 2.77%
4
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,083 / 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