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 453 people, 241 houses or apartments, and a median cost of homes of $138,704, house prices in Pink Hill are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Pink Hill, accounting for 61.47% of the town's housing units. Other types of housing that are prevalent in Pink Hill include mobile homes or trailers ( 24.77%), large apartment complexes or high rise apartments ( 9.17%), and a few row houses and other attached homes ( 4.59%).
The most prevalent building size and type in Pink Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.28% owning and 47.72% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pink Hill's housing was primarily built during this period, from the '40s through the '60s. A full 41.59% of the town's housing hails from this era. Other housing ages represented in Pink Hill include homes built between 1970-1999 ( 40.37%) and housing constructed before 1939 ( 11.32%). There's also some housing in Pink Hill built between 2000 and later ( 6.73%).
Vacant housing appears to be an issue in Pink Hill. Fully 26.30% of the housing stock is classified as vacant. Left unchecked, vacant Pink Hill homes and apartments can be a drag on the real estate market, holding Pink Hill real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Pink Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.51% during the period.
NeighborhoodScout's data show that during the latest twelve months, Pink Hill's appreciation rate, at 7.19%, has been at or slightly above the national average. In the latest quarter, Pink Hill's appreciation rate has been 1.46%, which annualizes to a rate of 5.96%.
Relative to North Carolina, our data show that Pink Hill's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$138,704
for North carolina
for nation
241
$747 / per month