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 1,243 people, 510 houses or apartments, and a median cost of homes of $359,066, Castle Hayne real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Castle Hayne, accounting for 75.29% of the town's housing units. Other types of housing that are prevalent in Castle Hayne include row houses and other attached homes ( 13.33%), mobile homes or trailers ( 7.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castle Hayne. Owner-occupied housing accounts for 69.22% of Castle Hayne's homes, and 71.96% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Castle Hayne 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 Castle Hayne built between 2000 and later ( 27.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.27%).
In the last 10 years, Castle Hayne has experienced some of the highest home appreciation rates of any community in the nation. Castle Hayne real estate appreciated 143.28% over the last ten years, which is an average annual home appreciation rate of 9.30%, putting Castle Hayne in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castle Hayne definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Castle Hayne's appreciation rate, at 6.75%, has been at or slightly above the national average. In the latest quarter, Castle Hayne's appreciation rate has been 3.56%, which annualizes to a rate of 15.02%.
Importantly, this makes Castle Hayne 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 Castle Hayne's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$359,066
for North carolina
for nation
510
$1,602 / per month