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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$185,819

Number Of Homes And Apartments:
3,918,597

North Carolina Home Prices

Value Range
> $1,214,366 0.9
$910,854 - $1,214,366 1.1
$607,349 - $910,853 3.5
$485,790 - $607,348 3.9
$364,340 - $485,789 8.5
$242,904 - $364,339 17.7
$121,439 - $242,903 36.9
$60,724 - $121,438 18.4
$0 - $60,723 9.0

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q1 - 2020 Q2
0.75% 3.04%
6
Last 12 Months:
2019 Q2 - 2020 Q2
4.74% 4.74%
8
Last 2 Years:
2018 Q2 - 2020 Q2
10.50% 5.12%
8
Last 5 Years:
2015 Q2 - 2020 Q2
31.42% 5.62%
8
Last 10 Years:
2010 Q2 - 2020 Q2
34.22% 2.99%
6
Since 2000:
2000 Q1 - 2020 Q2
79.62% 2.93%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 63.29
Renters 36.71
Vacant 14.31

Housing Details

Age of Homes

AGE OF North Carolina HOMES
2000 or Newer 25.6
1970 - 1999 49.5
1940 - 1969 19.6
1939 or Older 5.3

Types of Homes

TYPE OF North Carolina HOMES
Single-Family 65.1
Townhomes 4.1
Small Apt. Buildings 4.8
Apt. Complexes 12.9
Mobile Homes 13.0
Other 0.1

Home Size

SIZE OF North Carolina HOMES
No Bedroom 1.61
1 Bedroom 6.65
2 Bedrooms 25.26
3 Bedrooms 47.47
4 Bedrooms 15.20
5 or more bedrooms 3.80