Kings Mountain appreciation rates and housing market information

Kings Mountain housing market information

With 9,457 people, 4,017 houses or apartments, and a median cost of homes of $144,572, Kings Mountain real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Kings Mountain, accounting for 74.31% of the city's housing units. Other types of housing that are prevalent in Kings Mountain include duplexes, homes converted to apartments, or other small apartment buildings (11.43%), large apartment complexes or high rise apartments (7.12%), mobile homes or trailers (4.73%), and a few row houses and other attached homes (2.41%).

The most prevalent building size and type in Kings Mountain are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 59.82% owning, and 33.58% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kings Mountain's housing was primarily built during this period, from the '40s through the '60s. A full 42.49% of the city's housing hails from this era. Other housing ages represented in Kings Mountain include homes built between 1970-1994 (39.73%), and housing constructed from 1939 and earlier (11.93%). There's also some housing in Kings Mountain built between 1995 and later (5.85%).

Kings Mountain home appreciation rates

Appreciation rates for homes in Kings Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.35%, which ranks in the top 40% nationwide. This equates to an annual average Kings Mountain house appreciation rate of 8.23%.

NeighborhoodScout's data show that during the latest twelve months, Kings Mountain home appreciation rates, at 2.52%, have been at or slightly above the national average. In the latest quarter, Kings Mountain's appreciation rate has been 0.50%, which annualizes to a rate of 2.00%.

Relative to North Carolina, our data show that Kings Mountain's latest annual appreciation rate is higher than 51% of the other cities and towns in North Carolina.