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 958 people, 432 houses or apartments, and a median cost of homes of $1,056,437, Ocean Isle Beach house prices are not only among the most expensive in North Carolina, Ocean Isle Beach real estate also is some of the most expensive in all of America.
Ocean Isle Beach is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ocean Isle Beach than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ocean Isle Beach. Owner-occupied housing accounts for 96.76% of Ocean Isle Beach's homes, and 70.02% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ocean Isle Beach 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 Ocean Isle Beach built between 2000 and later ( 36.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.64%).
A decent proportion of the Ocean Isle Beach housing stock is seasonally occupied. That is, homes and condos in Ocean Isle Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Ocean Isle Beach housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Ocean Isle Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.18%, which ranks in the top 30% nationwide. This equates to an annual average Ocean Isle Beach house appreciation rate of 7.96%.
Appreciation rates are so strong in Ocean Isle Beach that despite a nationwide downturn in the housing market, Ocean Isle Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ocean Isle Beach appreciation rates continue to be some of the highest in America, at 9.18%, which is higher than appreciation rates in 82.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ocean Isle Beach. Ocean Isle Beach appreciation rates in the latest quarter were at 0.62%, which equates to an annual appreciation rate of 2.49%.
Notably, Ocean Isle Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Ocean Isle Beach's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
$1,056,437
for North carolina
for nation
432
$2,217 / per month