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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$192,611

Number Of Homes And Apartments:
3,965,482

North Carolina Home Prices

> $1,197,077
1.0%
1.0%
$897,747 - $1,197,077
1.2%
1.2%
$598,377 - $897,746
3.8%
3.8%
$478,653 - $598,376
4.3%
4.3%
$359,087 - $478,652
9.1%
9.1%
$239,387 - $359,086
18.5%
18.5%
$119,700 - $239,386
36.2%
36.2%
$59,854 - $119,699
17.4%
17.4%
$0 - $59,853
8.4%
8.4%
0.0% 100.0%
% OF HOMES

North Carolina Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.38% 9.87%
8
Last 12 Months:
2019 Q4 - 2020 Q4
6.55% 6.55%
7
Last 2 Years:
2018 Q4 - 2020 Q4
12.97% 6.29%
8
Last 5 Years:
2015 Q4 - 2020 Q4
33.72% 5.98%
8
Last 10 Years:
2010 Q4 - 2020 Q4
38.87% 3.34%
6
Since 2000:
2000 Q1 - 2020 Q4
86.12% 3.04%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,151 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
14.3%
14.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
26.7%
26.7%
1970 - 1999
48.9%
48.9%
1940 - 1969
19.3%
19.3%
1939 or Older
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.1%
65.1%
Townhomes
4.1%
4.1%
Small Apt. Buildings
4.8%
4.8%
Apt. Complexes
13.1%
13.1%
Mobile Homes
12.8%
12.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
6.7%
6.7%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
47.3%
47.3%
4 Bedrooms
15.4%
15.4%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES