Sunset Beach, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sunset Beach, NC Real Estate Data


Sunset Beach Housing Market Information

With 3,801 people, 1,792 houses or apartments, and a median cost of homes of $269,103, Sunset Beach real estate is some of the most expensive in North Carolina, although Sunset Beach home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sunset Beach, accounting for 56.78% of the town's housing units. Other types of housing that are prevalent in Sunset Beach include duplexes, homes converted to apartments or other small apartment buildings ( 15.00%), large apartment complexes or high rise apartments ( 14.73%), and a few mobile homes or trailers ( 10.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunset Beach. Owner-occupied housing accounts for 91.18% of Sunset Beach's homes, and 67.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sunset Beach 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 Sunset Beach built between 2000 and later ( 41.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.64%).

A decent proportion of the Sunset Beach housing stock is seasonally occupied. That is, homes and condos in Sunset Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Sunset Beach housing market speaks to its popularity as a vacation location of choice.

Sunset Beach Home Appreciation Rates

Sunset Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sunset Beach during the period has been just -1.96%, which is lower than 80% of US communities.

Over the last year, Sunset Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Sunset Beach's appreciation rate has been 3.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sunset Beach were at 1.35%, which equates to an annual appreciation rate of 5.50%.

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

Average Home Values

 

Median Home Value:
$269,103

Sunset Beach, NC HOME PRICES

Value Range
> $1,058,000 1.3
$794,001 - $1,058,000 1.1
$529,001 - $794,000 11.4
$423,001 - $529,000 6.5
$317,001 - $423,000 16.3
$212,001 - $317,000 23.7
$106,001 - $212,000 19.3
$53,001 - $106,000 13.6
$0 - $53,000 6.8

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
20.3958540727294 11.070780399274

Number Of Homes And Apartments:
1,792

Rent & Ownership

 

Average Market Rent:
$979 / per month

Homeownership Rate

Homeownership
Owners 91.18
Renters 8.82
Vacant 64.44

Housing Market Details

 

Age of Homes

AGE OF Sunset Beach HOMES
2000 or Newer 41.3
1970 - 1999 55.7
1940 - 1969 2.6
1939 or Older 0.3

Types of Homes

TYPE OF Sunset Beach HOMES
Single-Family 56.8
Townhomes 2.5
Small Apt. Buildings 15.0
Apt. Complexes 14.7
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Sunset Beach HOMES
No Bedroom 2.72
1 Bedroom 4.54
2 Bedrooms 24.23
3 Bedrooms 43.30
4 Bedrooms 23.93
5 or more bedrooms 1.27

Sunset Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.02% 2.25% 8 5
* 10 is highest

Popular Neighborhoods in Sunset Beach

Zip Codes in Sunset Beach, NC