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 1,459, 737 total housing units (homes and apartments), and a median house value of $200,146, house prices in Snow Hill are solidly below the national average.
Single-family detached homes are the single most common housing type in Snow Hill, accounting for 72.72% of the town's housing units. Other types of housing that are prevalent in Snow Hill include large apartment complexes or high rise apartments ( 19.15%), duplexes, homes converted to apartments or other small apartment buildings ( 6.26%), and a few mobile homes or trailers ( 1.88%).
The most prevalent building size and type in Snow Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 45.47% owning and 54.53% renting.
There is a lot of housing in Snow Hill 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 Snow Hill built between 1940-1969 ( 36.55%). A lesser amount of the housing stock also hails from before 1939 ( 12.27%). There's also some housing in Snow Hill built between 2000 and later ( 11.26%).
Appreciation rates for homes in Snow Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.61%, which ranks in the top 30% nationwide. This equates to an annual average Snow Hill house appreciation rate of 7.99%.
Appreciation rates are so strong in Snow Hill that despite a nationwide downturn in the housing market, Snow Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Snow Hill appreciation rates continue to be some of the highest in America, at 12.21%, which is higher than appreciation rates in 73.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Snow Hill. Snow Hill appreciation rates in the latest quarter were at 3.25%, which equates to an annual appreciation rate of 13.65%.
Relative to North Carolina, our data show that Snow Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$200,146
for North carolina
for nation
737
$1,061 / per month