Black Mountain, NC

Map Loading GIF Please wait, loading your map...


Black Mountain, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Black Mountain Housing Market Information

With 8,150 people, 3,724 houses or apartments, and a median cost of homes of $271,089, 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.

Black Mountain Home Appreciation Rates

In the last 10 years, Black Mountain has experienced some of the highest home appreciation rates of any community in the nation. Black Mountain real estate appreciated 32.19% over the last ten years, which is an average annual home appreciation rate of 2.83%, putting Black Mountain in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Black Mountain 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 Black Mountain that despite a nationwide downturn in the housing market, Black Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Black Mountain appreciation rates continue to be some of the highest in America, at 9.68%, which is higher than appreciation rates in 90.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Black Mountain. Black Mountain appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to North Carolina, our data show that Black Mountain's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values


Median Home Value:

Black Mountain, NC HOME PRICES

Value Range
> $1,322,000 0.6
$991,001 - $1,322,000 0.7
$661,001 - $991,000 3.9
$529,001 - $661,000 6.8
$396,001 - $529,000 11.4
$265,001 - $396,000 29.8
$132,001 - $265,000 30.0
$66,001 - $132,000 10.0
$0 - $66,000 6.8

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
23.3226277372263 16.1231884057971

Number Of Homes And Apartments:

Black Mountain Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
115.39% 4.07%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,184 / per month

Homeownership Rate

Owners 61.71
Renters 38.29
Vacant 13.31

Housing Market Details


Age of Homes

AGE OF Black Mountain HOMES
2000 or Newer 20.5
1970 - 1999 42.8
1940 - 1969 26.7
1939 or Older 10.1

Types of Homes

TYPE OF Black Mountain HOMES
Single-Family 67.7
Townhomes 4.4
Small Apt. Buildings 9.4
Apt. Complexes 8.9
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Black Mountain HOMES
No Bedroom 9.61
1 Bedroom 5.91
2 Bedrooms 36.20
3 Bedrooms 37.29
4 Bedrooms 7.77
5 or more bedrooms 3.21