Housing in North Carolina

The median home cost in North Carolina is $187,300. Home appreciation the last 10 years has been 19.1%. Home Appreciation in North Carolina is up 8.5%. Browse North Carolina Real Estate

Average Age of Homes

- The median age of North Carolina real estate is 27 years old

The Rental Market in North Carolina

- Renters make up 29.2% of the North Carolina population
- 2.3% of houses and apartments in North Carolina, are available to rent

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DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

HOUSING	North Carolina, North Carolina	United States
Median Home Age	30	40
Median Home Cost	$187,300	$231,200
Home Appr. Last 12 months	8.5%	6.7%
Home Appr. Last 5 yrs.	30.8%	35.6%
Home Appr. Last 10 yrs.	19.1%	27.4%
Property Tax Rate	$8.56	$11.78
Property Taxes Paid	$1,603	$2,724
Homes Owned	55.7%	56.0%
Housing Vacant	14.3%	12.2%
Homes Rented	30.0%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,245	$1,470
Studio Apartment	$697	$821
1 Bedroom Home or Apartment	$731	$930
2 Bedroom Home or Apartment	$875	$1,148
3 Bedroom Home or Apartment	$1,172	$1,537
4 Bedroom Home or Apartment	$1,430	$1,791
VACANT HOUSING
Vacant For Rent	2.3%	2.1%
Vacant Rented	0.5%	0.5%
Vacant For Sale	1.2%	1.0%
Vacant Sold	0.4%	0.5%
Vacant Vacation	4.7%	4.0%
Vacant Other	5.2%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	4.6%	3.5%
$20,000 to $39,999	3.0%	3.1%
$40,000 to $59,999	4.0%	3.9%
$60,000 to $79,999	6.3%	5.4%
$80,000 to $99,999	8.1%	6.3%
$100,000 to $149,999	19.4%	14.7%
$150,000 to $199,999	17.1%	14.6%
$200,000 to $299,999	18.5%	18.7%
$300,000 to $399,999	8.9%	11.0%
$400,000 to $499,999	4.2%	6.2%
$500,000 to $749,999	3.7%	7.0%
$750,000 to $999,999	1.2%	2.7%
$1,000,000 to $1,499,999	0.6%	1.5%
$1,500,000 to $1,999,999	0.2%	0.5%
$2,000,000 and over	0.2%	0.7%