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 4,260, 1,749 total housing units (homes and apartments), and a median house value of $454,924, Southport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Southport, accounting for 82.44% of the city's housing units. Other types of housing that are prevalent in Southport include duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), large apartment complexes or high rise apartments ( 6.44%), and a few row houses and other attached homes ( 3.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southport. Owner-occupied housing accounts for 74.69% of Southport's homes, and 68.50% have either three or four bedrooms, which is average sized relative to America.
Southport homes and real estate are some of the newest in America. 50.42% of Southport's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Southport real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.60%), and before 1939 ( 11.65%). There's also some housing in Southport built between 1940-1969 ( 8.34%).
Vacant housing appears to be an issue in Southport. Fully 22.85% of the housing stock is classified as vacant. Left unchecked, vacant Southport homes and apartments can be a drag on the real estate market, holding Southport 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 Southport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.35%, which ranks in the top 40% nationwide. This equates to an annual average Southport house appreciation rate of 7.30%.
Over the last year, Southport appreciation rates have trailed the rest of the nation. In the last twelve months, Southport's appreciation rate has been 4.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Southport were at 0.62%, which equates to an annual appreciation rate of 2.49%.
Relative to North Carolina, our data show that Southport's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$454,924
for North carolina
for nation
1,749
$2,005 / per month