What Is The Average Home Price In Hampstead NC?
Located in Pender County, Hampstead is an unincorporated North Carolina community with ample waterfront access and a small community of around 5,700 residents. With the large city of Wilmington, NC, to the south on Route 17 and the similarly sized Jacksonville to the north on the same route, Hampstead, NC, is the best-kept secret on the banks of the east coast. As one of the best small towns to live in North Carolina, Hampstead has something to offer anyone who ventures there, whether they are long time residents or visitors.
With plenty of things to do in Hampstead, the area became one of the fastest-growing regions, not only for new residents but for new businesses as well. The influx of residents increased the need for new residential developments throughout the area, and buying a home in Hampstead may become the easy path for a better life. The home price in Hampstead, NC, while not exceedingly expensive, isn’t exactly low, but the cost of living balances things out for a good place to live.
The Real Estate World in Hampstead, NC
As the Hampstead, NC area is continuously developing, both residential and commercial real estate is flourishing. Because of this, potential homebuyers and investors in real estate find different types of amenities offered with their properties that attract even more potential residents. From large estates to standard single-family homes, Hampstead, NC real estate leaves little to be desired. We’ll go into some details about the real estate market but you can inquire top real estate agents in Hampstead NC for more information as the demand has enough supply in this growing market.
This abundance of demand and interest in the area affected the average home price in Hampstead, NC. If you look at North Carolina as a whole, you can see a significant difference in home prices. Still, even if you compare this small community to the much larger cities of Wilmington and Jacksonville, the difference is evident.
The average home price in Hampstead, NC, is $335,000, with a 7.9% expected increase for the next year. The price, however, by itself doesn’t say much about living there, and Hampstead’s crime rates influence that as well. One thing to take note of is that 89.5% of residents own their homes. Homes in Hampstead are large and spacious while being some of the newest in the country, with 47.1% having been built since 2000, and 45.2% being constructed between 1970 and 1999.
When it comes to prices, 33.6% of homes are valued between $248,000 and $372,000. Besides that large bulk of homes, 25.5% of homes are valued below, while 40.9% are assessed above. There is a market for any home size with 2, 3, 4, or more bedrooms, with around 70% of them being single-family homes. These usually come with various amenities such as boat ramps, private piers, or docks.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Investigation into the causes of death. A post mortem is normally performed by a public coroner. It might be performed to determine the cause of death of an apartment house tenant. ...
When you sign a Listing Agreement with a real estate broker or agent, he or she has a fiduciary responsibility to represent your interests exclusively. However, should another client ...
Everyone knows what is a retirement home, but if we were to give our best most concise retirement home definition it would be of something like: real estate facilities that cater to retired ...
Periodic expenditures undertaken to preserve or retain a property's operational status for its originally intended use. These expenditures do not improve or extend the life of the property. ...
A lease contract extending ten years or more. ...
Style of home emphasizing symmetry and balance. ...
The right of local government to take property when no person are legally entitled to inherit or make claim to a deceased' property. ...
Mortgage where the lender pays a borrower a fixed monthly payment based on the value of the property. It allows the borrower to receive monthly receipts against the equity in his or her ...
Written document by an official granting agency and signed by an empowered official certifying that some specific act including the fulfillment of certain requirements has occurred on a ...
Have a question or comment?
We're here to help.