Snow Hill, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Snow Hill Neighborhoods Since 2000




Snow Hill, 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

Snow Hill Housing Market Information

With 1,574 people, 830 houses or apartments, and a median cost of homes of $97,701, house prices in Snow Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Snow Hill, accounting for 69.43% of the town's housing units. Other types of housing that are prevalent in Snow Hill include large apartment complexes or high rise apartments ( 11.48%), duplexes, homes converted to apartments or other small apartment buildings ( 11.48%), and a few mobile homes or trailers ( 5.11%).

People in Snow Hill primarily live in small (one, two or no bedroom) single-family detached homes. Snow Hill has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Snow Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Snow Hill built between 1940-1969 ( 37.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.27%). There's also some housing in Snow Hill built before 1939 ( 8.52%).

Snow Hill Home Appreciation Rates

Real estate appreciation rates in Snow Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Over the last year, Snow Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Snow Hill's appreciation rate has been -3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Snow Hill were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Snow Hill's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Snow Hill's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$97,701

Snow Hill, NC HOME PRICES

Value Range
> $972,000 0.5
$729,001 - $972,000 0.2
$486,001 - $729,000 0.0
$389,001 - $486,000 0.0
$291,001 - $389,000 0.9
$195,001 - $291,000 9.8
$97,001 - $195,000 34.3
$49,001 - $97,000 38.5
$0 - $49,000 15.8

Very Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
79.07242470409 80.9437386569873

Number Of Homes And Apartments:
830

Snow Hill 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
20.05% 1.06% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$731 / per month

Homeownership Rate

Homeownership
Owners 46.56
Renters 53.44
Vacant 5.68

Housing Market Details

 

Age of Homes

AGE OF Snow Hill HOMES
2000 or Newer 12.3
1970 - 1999 41.3
1940 - 1969 38.0
1939 or Older 8.5

Types of Homes

TYPE OF Snow Hill HOMES
Single-Family 69.4
Townhomes 2.5
Small Apt. Buildings 11.5
Apt. Complexes 11.5
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Snow Hill HOMES
No Bedroom 0.34
1 Bedroom 14.66
2 Bedrooms 32.84
3 Bedrooms 37.95
4 Bedrooms 9.09
5 or more bedrooms 5.11

Popular Neighborhoods in Snow Hill

Zip Codes in Snow Hill, NC