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North Carolina
Real Estate Appreciation & Housing Market Trends






North Carolina Real Estate Market & Appreciation

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$315,481

Number Of Homes And Apartments:

4,105,232

North Carolina Home Prices

> $1,400,761
$1,050,601 - $1,400,761
$700,398 - $1,050,600
$560,336 - $700,397
$420,282 - $560,335
$280,207 - $420,281
$140,072 - $280,206
$70,001 - $140,071
$0 - $70,000
2.0%
2.0%
2.5%
2.5%
8.0%
8.0%
8.4%
8.4%
13.8%
13.8%
22.3%
22.3%
26.8%
26.8%
10.0%
10.0%
6.1%
6.1%
0% 100.0%
% of Homes

North Carolina Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,864 / per month

Homeownership Rate

Owners
Renters
64.5%
64.5%
35.5%
35.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.4%
13.4%
86.6%
86.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.4%
31.4%
45.6%
45.6%
18.0%
18.0%
5.0%
5.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.3%
65.3%
4.5%
4.5%
4.7%
4.7%
13.9%
13.9%
11.6%
11.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
7.0%
7.0%
24.3%
24.3%
46.7%
46.7%
15.9%
15.9%
4.3%
4.3%
0% 100.0%
% of Homes