Shallotte, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Shallotte Neighborhoods Since 2000




Shallotte, NC Real Estate 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Shallotte Housing Market Information

With a population of 3,991, 1,565 total housing units (homes and apartments), and a median house value of $146,898, Shallotte real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Shallotte, accounting for 60.09% of the town's housing units. Other types of housing that are prevalent in Shallotte include large apartment complexes or high rise apartments ( 21.34%), duplexes, homes converted to apartments or other small apartment buildings ( 11.66%), and a few row houses and other attached homes ( 5.53%).

The most prevalent building size and type in Shallotte are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.67% owning and 36.33% renting.

Shallotte homes and real estate are some of the newest in America. 55.94% of Shallotte's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Shallotte real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.75%), and between 1940-1969 ( 4.31%).

Vacant housing appears to be an issue in Shallotte. Fully 13.49% of the housing stock is classified as vacant. Left unchecked, vacant Shallotte homes and apartments can be a drag on the real estate market, holding Shallotte real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Shallotte Home Appreciation Rates

Shallotte's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shallotte during the period has been just -1.65%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Shallotte's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Shallotte's appreciation rate has been 1.32%, which annualizes to a rate of 5.39%.

Relative to North Carolina, our data show that Shallotte's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$146,898

Shallotte, NC HOME PRICES

Value Range
> $1,096,000 0.6
$822,001 - $1,096,000 1.7
$548,001 - $822,000 0.9
$438,001 - $548,000 1.6
$329,001 - $438,000 5.1
$219,001 - $329,000 17.7
$110,001 - $219,000 43.4
$55,001 - $110,000 18.5
$0 - $55,000 10.5

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
51.3301300832064 44.2831215970962

Number Of Homes And Apartments:
1,565

Shallotte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
29.93% 1.53% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$936 / per month

Homeownership Rate

Homeownership
Owners 63.67
Renters 36.33
Vacant 13.49

Housing Market Details

 

Age of Homes

AGE OF Shallotte HOMES
2000 or Newer 55.9
1970 - 1999 39.7
1940 - 1969 4.3
1939 or Older 0.0

Types of Homes

TYPE OF Shallotte HOMES
Single-Family 60.1
Townhomes 5.5
Small Apt. Buildings 11.7
Apt. Complexes 21.3
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Shallotte HOMES
No Bedroom 3.65
1 Bedroom 5.20
2 Bedrooms 21.34
3 Bedrooms 58.54
4 Bedrooms 8.51
5 or more bedrooms 2.76