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 $346,418, 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 144.15% over the last ten years, which is an average annual home appreciation rate of 9.34%, 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.
Appreciation rates are so strong in Castle Hayne that despite a nationwide downturn in the housing market, Castle Hayne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Hayne appreciation rates continue to be some of the highest in America, at 12.44%, which is higher than appreciation rates in 75.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castle Hayne. Castle Hayne appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.
Relative to North Carolina, our data show that Castle Hayne's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
$346,418
for North carolina
for nation
510
$1,600 / per month