Sunset Beach, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sunset Beach, 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

Sunset Beach Housing Market Information

With a population of 3,801, 1,824 total housing units (homes and apartments), and a median house value of $219,861, Sunset Beach real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sunset Beach, accounting for 58.07% 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 ( 14.21%), large apartment complexes or high rise apartments ( 13.94%), and a few mobile homes or trailers ( 11.80%).

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 87.66% of Sunset Beach's homes, and 69.02% 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 ( 42.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.71%).

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

Homes have actually lost value in Sunset Beach over the last then years, as home values have seen a decline of 22.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sunset Beach home appreciation rates at 1.32%, which equates to an annual appreciation rate of 5.39%.

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 1.34%, 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 1.32%, which equates to an annual appreciation rate of 5.39%.

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:
$219,861

Sunset Beach, NC HOME PRICES

Value Range
> $1,019,000 1.6
$764,001 - $1,019,000 1.2
$510,001 - $764,000 9.4
$408,001 - $510,000 6.9
$306,001 - $408,000 16.0
$204,001 - $306,000 24.3
$102,001 - $204,000 20.3
$51,001 - $102,000 12.7
$0 - $51,000 7.6

High for NC
High for Nation

Value Relative to Nation Value Relative to State
27.7364350169929 20.05444646098

Number Of Homes And Apartments:
1,824

Sunset Beach 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
42.28% 2.07% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 87.66
Renters 12.34
Vacant 64.19

Housing Market Details

 

Age of Homes

AGE OF Sunset Beach HOMES
2000 or Newer 42.8
1970 - 1999 55.2
1940 - 1969 1.7
1939 or Older 0.3

Types of Homes

TYPE OF Sunset Beach HOMES
Single-Family 58.1
Townhomes 2.0
Small Apt. Buildings 14.2
Apt. Complexes 13.9
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Sunset Beach HOMES
No Bedroom 1.85
1 Bedroom 3.95
2 Bedrooms 23.69
3 Bedrooms 43.88
4 Bedrooms 25.15
5 or more bedrooms 1.49

Popular Neighborhoods in Sunset Beach

Zip Codes in Sunset Beach, NC