Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,150, 3,724 total housing units (homes and apartments), and a median house value of $251,711, Black Mountain real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Black Mountain, accounting for 67.71% of the town's housing units. Other types of housing that are prevalent in Black Mountain include mobile homes or trailers ( 9.52%), duplexes, homes converted to apartments or other small apartment buildings ( 9.40%), and a few large apartment complexes or high rise apartments ( 8.94%).
People in Black Mountain primarily live in small (one, two or no bedroom) single-family detached homes. Black Mountain has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Black Mountain built from 1970 to 1999 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 Black Mountain built between 1940-1969 ( 26.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.48%). There's also some housing in Black Mountain built before 1939 ( 10.08%).
Vacant housing appears to be an issue in Black Mountain. Fully 13.31% of the housing stock is classified as vacant. Left unchecked, vacant Black Mountain homes and apartments can be a drag on the real estate market, holding Black Mountain real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Black 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 21.71%, which ranks in the top 40% nationwide. This equates to an annual average Black Mountain house appreciation rate of 1.98%.
Over the last year, Black Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Black Mountain's appreciation rate has been -0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Black Mountain were at -0.33%, which equates to an annual appreciation rate of -1.32%.
Notably, Black Mountain's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Black Mountain's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
|$910,001 - $1,214,000||1.4|
|$607,001 - $910,000||3.1|
|$486,001 - $607,000||7.1|
|$364,001 - $486,000||10.4|
|$243,001 - $364,000||30.9|
|$121,001 - $243,000||36.2|
|$60,001 - $121,000||8.3|
|$0 - $60,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Black Mountain HOMES|
|2000 or Newer||20.5|
|1970 - 1999||42.8|
|1940 - 1969||26.7|
|1939 or Older||10.1|
|TYPE OF Black Mountain HOMES|
|Small Apt. Buildings||9.4|
|SIZE OF Black Mountain HOMES|
|5 or more bedrooms||3.21|