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 18,416, 8,216 total housing units (homes and apartments), and a median house value of $603,473, Pinehurst house prices are not only among the most expensive in North Carolina, Pinehurst 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 Pinehurst, accounting for 85.80% of the village's housing units. Other types of housing that are prevalent in Pinehurst include duplexes, homes converted to apartments or other small apartment buildings ( 6.92%), large apartment complexes or high rise apartments ( 3.45%), and a few row houses and other attached homes ( 3.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pinehurst. Owner-occupied housing accounts for 86.03% of Pinehurst's homes, and 76.20% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pinehurst 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 Pinehurst built between 2000 and later ( 35.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.41%). There's also some housing in Pinehurst built before 1939 ( 2.76%).
Vacant housing appears to be an issue in Pinehurst. Fully 14.85% of the housing stock is classified as vacant. Left unchecked, vacant Pinehurst homes and apartments can be a drag on the real estate market, holding Pinehurst 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.
Appreciation rates for homes in Pinehurst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.11%, which ranks in the top 40% nationwide. This equates to an annual average Pinehurst house appreciation rate of 7.34%.
Appreciation rates are so strong in Pinehurst that despite a nationwide downturn in the housing market, Pinehurst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinehurst appreciation rates continue to be some of the highest in America, at 9.69%, which is higher than appreciation rates in 85.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinehurst. Pinehurst appreciation rates in the latest quarter were at 1.46%, which equates to an annual appreciation rate of 5.95%.
Relative to North Carolina, our data show that Pinehurst's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Pinehurst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pinehurst - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pinehurst real estate investment or home purchase decisions.
$603,473
for North carolina
for nation
8,216
$2,225 / per month