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Home appreciation in North Carolina
North Carolina's FHFA HPI® all-transactions index changed +2.4% over the year to Q2 2026, versus +3.0% nationally, ranking 39th of 51 states and D.C. Below, compare its 20 3-digit ZIP regions and 16 metro areas.
- 1-year change
- +2.4%
- 5-year change
- +51.4%
- Since Q1 1995
- +276%
- State rank (1 year)
- 39th
U.S. +3.0%
9th of 51
U.S. +292%
of 51 states and D.C.
North Carolina vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- North Carolina: 376.3
- United States: 391.6
North Carolina appreciation by time window
| Window | NC | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +2.4% | +3.0% | −0.6 pts |
| 3 years | +12.3% | +12.9% | −0.5 pts |
| 5 years | +51.4% | +41.3% | +10.1 pts |
| 10 years | +113% | +93.3% | +20.0 pts |
| Since Q1 1995 | +276% | +292% | −15.3 pts |
3-digit ZIP regions in North Carolina
Fastest-appreciating ZIP codes in North Carolina →Sorted by one-year change. 6 of 20 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 273 · Sanford, NC area | +6.4% | +58.5% | +113% | +241% |
| 2 | 272 · High Point, NC area | +4.8% | +56.5% | +112% | +215% |
| 3 | 270 · Clemmons, NC area | +4.4% | +54.6% | +107% | +218% |
| 4 | 284 · Wilmington, NC area | +4.0% | +59.3% | +131% | +355% |
| 5 | 287 · Hendersonville, NC area | +3.9% | +52.4% | +121% | +361% |
| 6 | 289 · Andrews, NC area | +3.4% | +57.2% | +113% | +279% |
| 7 | 271 · Winston-Salem, NC area | +2.9% | +55.7% | +112% | +233% |
| 8 | 277 · Durham, NC area | +2.7% | +43.0% | +120% | +317% |
| 9 | 286 · Hickory, NC area | +2.5% | +55.7% | +117% | +263% |
| 10 | 282 · Charlotte, NC area | +1.8% | +48.8% | +131% | +378% |
| 11 | 285 · Jacksonville, NC area | +1.8% | +56.3% | +108% | +258% |
| 12 | 283 · Fayetteville, NC area | +1.8% | +55.2% | +96.9% | +209% |
| 13 | 280 · Concord, NC area | +1.7% | +51.0% | +126% | +278% |
| 14 | 276 · Raleigh, NC area | +1.7% | +43.0% | +103% | +298% |
| 15 | 274 · Greensboro, NC area | +1.6% | +51.0% | +101% | +209% |
| 16 | 275 · Cary, NC area | +0.9% | +48.2% | +105% | +241% |
| 17 | 281 · Salisbury, NC area | +0.8% | +52.8% | +120% | +286% |
| 18 | 278 · Greenville, NC area | +0.7% | +51.6% | +94.2% | +190% |
| 19 | 279 · Elizabeth City, NC area | -1.9% | +50.6% | +99.5% | +331% |
| 20 | 288 · Asheville, NC area | -2.3% | +41.6% | +101% | +504% |
Metro areas in North Carolina
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Burlington, NC | +5.4% | +57.9% | +211% |
| Greensboro-High Point, NC | +4.9% | +55.1% | +213% |
| Jacksonville, NC | +3.8% | +58.3% | +292% |
| Wilmington, NC | +3.7% | +59.6% | +361% |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | +3.6% | +43.4% | +289% |
| Winston-Salem, NC | +3.3% | +54.9% | +221% |
| Greenville, NC | +3.0% | +44.8% | +175% |
| Hickory-Lenoir-Morganton, NC | +2.8% | +54.2% | +252% |
| Fayetteville, NC | +2.6% | +57.1% | +184% |
| Durham-Chapel Hill, NC | +1.8% | +47.6% | +298% |
| Charlotte-Concord-Gastonia, NC-SC | +1.4% | +49.9% | +312% |
| Asheville, NC | +1.4% | +45.3% | +422% |
| Raleigh-Cary, NC | +1.1% | +44.9% | +267% |
| Goldsboro, NC | +0.8% | +51.1% | +185% |
| Rocky Mount, NC | -2.2% | +44.3% | +164% |
| Pinehurst-Southern Pines, NC | -2.2% | +54.9% | +266% |
Boom, bust, and recovery in North Carolina
North Carolina's index peaked in Q1 2008, fell 13.1% to its low in Q2 2012, and regained its peak in Q4 2016, about 8.8 years after the top. Today it sits +109% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| NC | Q1 2008 | Q2 2012 | -13.1% | Q4 2016 (8.8 yrs) | +109% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, North Carolina's index has changed +70.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | NC after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -1.4% | -0.8% |
| 3 years | +9.8% | +2.3% | +2.8% |
| 5 years | +24.0% | +22.1% | +13.9% |
| 10 years | +39.1% | +53.4% | +39.0% |
| Since Q1 1995 | +121% | +70.0% | +76.8% |
If you bought in North Carolina in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +271% | $1,112,936 |
| Q2 2000 | +199% | $898,477 |
| Q2 2005 | +143% | $730,157 |
| Q2 2010 | +126% | $678,979 |
| Q2 2015 | +123% | $668,357 |
| Q2 2020 | +71.7% | $515,069 |
| Q2 2021 | +51.4% | $454,294 |
| Q2 2023 | +12.3% | $336,979 |
| Q2 2025 | +2.4% | $307,178 |
Frequently asked questions
- How much have home prices gone up in North Carolina?
- FHFA HPI® data for North Carolina shows the all-transactions index changed +2.4% over the year to Q2 2026, +51.4% over five years, +113% over ten years, and +276% since Q1 1995.
- Is North Carolina appreciating faster than the national average?
- Over the past year North Carolina's index moved −0.6 pts versus the U.S. (+3.0%), ranking 39th of 51 states and D.C. Over five years the gap is +10.1 pts.
- Which ZIP codes in North Carolina are appreciating fastest?
- Over the past year the strongest of 20 3-digit ZIP regions in North Carolina was ZIP3 273 (Sanford, NC area) at +6.4%, and the weakest was ZIP3 288 (Asheville, NC area) at -2.3%. 6 of 20 beat the national one-year change.