Mount Holly appreciation rates and housing market information

Mount Holly housing market information

With a population of 9,708, 4,276 total housing units (homes and apartments), and a median house value of $146,968, Mount Holly 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 Mount Holly, accounting for 70.32% of the city's housing units. Other types of housing that are prevalent in Mount Holly include large apartment complexes or high rise apartments (17.91%), duplexes, homes converted to apartments, or other small apartment buildings (7.34%), mobile homes or trailers (3.74%), and a few row houses and other attached homes (0.68%).

The most prevalent building size and type in Mount Holly are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.16% owning, and 37.58% 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. Mount Holly's housing was primarily built during this period, from the '40s through the '60s. A full 41.30% of the city's housing hails from this era. Other housing ages represented in Mount Holly include homes built between 1970-1994 (29.51%), and housing constructed from 1995 and later (17.52%). There's also some housing in Mount Holly built between 1939 and earlier (11.67%).

Mount Holly home appreciation rates

Appreciation rates for homes in Mount Holly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.83%, which ranks in the top 30% nationwide. This equates to an annual average Mount Holly house appreciation rate of 8.78%.

Appreciation rates are so strong in Mount Holly that despite a nationwide downturn in the housing market, Mount Holly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Holly appreciation rates continue to be some of the highest in America, at 4.35%, which is higher than appreciation rates in 86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Holly. Mount Holly appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.80%.

Relative to North Carolina, our data show that Mount Holly's latest annual appreciation rate is higher than 83% of the other cities and towns in North Carolina.