Flat Rock appreciation rates and housing market information

Flat Rock housing market information

With 2,540 people, 1,442 houses or apartments, and a median cost of homes of $596,107, Flat Rock house prices are not only among the most expensive in North Carolina, Flat Rock real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Flat Rock, accounting for 90.22% of the village's housing units. Other types of housing that are prevalent in Flat Rock include duplexes, homes converted to apartments, or other small apartment buildings (3.74%), large apartment complexes or high rise apartments (3.19%), and a few row houses and other attached homes (2.84%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Flat Rock. Owner-occupied housing accounts for 73.58% of Flat Rock's homes, and 68.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Flat Rock built from 1970-1994, 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 Flat Rock built from 1940-1969 (17.54%). A lesser amount of the housing stock also hails from 1995 and later (17.20%), and some were built from 1939 and earlier (17.20%).

Flat Rock home appreciation rates

In the last 10 years, Flat Rock has experienced some of the highest home appreciation rates of any community in the nation. Flat Rock real estate appreciated 271.70% over the last ten years, which is an average annual home appreciation rate of 27.17%, putting Flat Rock in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Flat Rock definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Flat Rock that despite a nationwide downturn in the housing market, Flat Rock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Flat Rock appreciation rates continue to be some of the highest in America, at 18.37%, which is higher than appreciation rates in 100% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Flat Rock. Flat Rock appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 14.36%.

Importantly, this makes Flat Rock one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to North Carolina, our data show that Flat Rock's latest annual appreciation rate is higher than 99% of the other cities and towns in North Carolina.