High Point, NC Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

High Point, NC Housing Market Trends

With a population of 112,791, 41,360 total housing units (homes and apartments), and a median house value of $175,208, house prices in High Point are solidly below the national average.

Single-family detached homes are the single most common housing type in High Point, accounting for 62.77% of the city's housing units. Other types of housing that are prevalent in High Point include large apartment complexes or high rise apartments ( 22.72%), duplexes, homes converted to apartments or other small apartment buildings ( 7.01%), and a few row houses and other attached homes ( 6.42%).

The most prevalent building size and type in High Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.72% owning and 47.28% renting.

There is a lot of housing in High Point 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 High Point built between 1940-1969 ( 27.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.82%). There's also some housing in High Point built before 1939 ( 7.02%).

Vacant housing appears to be an issue in High Point. Fully 11.60% of the housing stock is classified as vacant. Left unchecked, vacant High Point homes and apartments can be a drag on the real estate market, holding High Point 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.

High Point Home Appreciation Rates

Real estate appreciation rates in High Point's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, High Point's appreciation rate, at 9.50%, has been at or slightly above the national average. In the latest quarter, High Point's appreciation rate has been 2.89%, which annualizes to a rate of 12.06%.

Relative to North Carolina, our data show that High Point's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within High Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in High Point - 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 High Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$175,208

High Point, NC HOME PRICES

> $1,258,000
0.3%
0.3%
$943,001 - $1,258,000
0.2%
0.2%
$629,001 - $943,000
1.3%
1.3%
$503,001 - $629,000
1.8%
1.8%
$377,001 - $503,000
4.6%
4.6%
$252,001 - $377,000
15.9%
15.9%
$126,001 - $252,000
38.8%
38.8%
$63,001 - $126,000
28.1%
28.1%
$0 - $63,000
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for NC

Value Relative To Nation

Number Of Homes And Apartments:
41,360

High Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
37.05% 1.48%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,246 / per month

Homeownership Rate

Owners
52.7%
52.7%
Renters
47.3%
47.3%
Vacant
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.8%
25.8%
1970 - 1999
39.4%
39.4%
1940 - 1969
27.8%
27.8%
1939 or Older
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.8%
62.8%
Townhomes
6.4%
6.4%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
22.7%
22.7%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
8.7%
8.7%
2 Bedrooms
30.0%
30.0%
3 Bedrooms
40.3%
40.3%
4 Bedrooms
15.8%
15.8%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES