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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,772, 2,956 total housing units (homes and apartments), and a median house value of $678,647, Carolina Beach house prices are not only among the most expensive in North Carolina, Carolina Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Carolina Beach, accounting for 41.86% of the town's housing units. Other types of housing that are prevalent in Carolina Beach include large apartment complexes or high rise apartments ( 32.37%), duplexes, homes converted to apartments or other small apartment buildings ( 12.17%), and a few row houses and other attached homes ( 11.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carolina Beach. Owner-occupied housing accounts for 76.25% of Carolina Beach's homes, and 53.19% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Carolina 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 Carolina Beach built between 2000 and later ( 29.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.40%). There's also some housing in Carolina Beach built before 1939 ( 5.19%).
A decent proportion of the Carolina Beach housing stock is seasonally occupied. That is, homes and condos in Carolina 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 Carolina Beach housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Carolina Beach has experienced some of the highest home appreciation rates of any community in the nation. Carolina Beach real estate appreciated 162.53% over the last ten years, which is an average annual home appreciation rate of 10.13%, putting Carolina Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Carolina Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Carolina Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Carolina Beach's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carolina Beach were at 3.56%, which equates to an annual appreciation rate of 15.02%.
Importantly, this makes Carolina Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Carolina Beach's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$678,647
for North carolina
for nation
2,956
$2,599 / per month