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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$242,811

Number Of Homes And Apartments:
4,031,592

North Carolina Home Prices

> $1,379,241
$1,034,440 - $1,379,241
$689,519 - $1,034,439
$551,624 - $689,518
$413,827 - $551,623
$275,911 - $413,826
$137,966 - $275,910
$69,001 - $137,965
$0 - $69,000
1.1%
1.1%
1.5%
1.5%
4.7%
4.7%
5.4%
5.4%
10.9%
10.9%
20.3%
20.3%
34.1%
34.1%
14.9%
14.9%
7.1%
7.1%
0.0% 100.0%
% OF HOMES

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
4.45% 19.04%
9
Last 12 Months:
2020 Q4 - 2021 Q4
20.70% 20.70%
9
Last 2 Years:
2019 Q4 - 2021 Q4
28.97% 13.56%
8
Last 5 Years:
2016 Q4 - 2021 Q4
52.79% 8.85%
8
Last 10 Years:
2011 Q4 - 2021 Q4
72.34% 5.59%
7
Since 2000:
2000 Q1 - 2021 Q4
123.39% 3.76%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,369 / per month

Homeownership Rate

Owners
Renters
Vacant
64.0%
64.0%
36.0%
36.0%
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.6%
27.6%
48.3%
48.3%
18.9%
18.9%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.3%
65.3%
4.3%
4.3%
4.7%
4.7%
13.3%
13.3%
12.4%
12.4%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
6.7%
6.7%
24.7%
24.7%
47.4%
47.4%
15.6%
15.6%
4.0%
4.0%
0.0% 100.0%
% OF HOMES