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 about Scout's Real Estate Data
With 6,400 people, 2,724 houses or apartments, and a median cost of homes of $396,670, Boiling Spring Lakes real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Boiling Spring Lakes, accounting for 75.47% of the city's housing units. Other types of housing that are prevalent in Boiling Spring Lakes include mobile homes or trailers ( 22.59%), row houses and other attached homes ( 1.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boiling Spring Lakes. Owner-occupied housing accounts for 77.15% of Boiling Spring Lakes's homes, and 78.25% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Boiling Spring Lakes 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 Boiling Spring Lakes built between 2000 and later ( 39.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.63%).
Vacant housing appears to be an issue in Boiling Spring Lakes. Fully 14.88% of the housing stock is classified as vacant. Left unchecked, vacant Boiling Spring Lakes homes and apartments can be a drag on the real estate market, holding Boiling Spring Lakes 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.
In the last 10 years, Boiling Spring Lakes has experienced some of the highest home appreciation rates of any community in the nation. Boiling Spring Lakes real estate appreciated 117.50% over the last ten years, which is an average annual home appreciation rate of 8.08%, putting Boiling Spring Lakes in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Boiling Spring Lakes definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Boiling Spring Lakes's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Boiling Spring Lakes's appreciation rate has been 0.21%, which annualizes to a rate of 0.83%.
Relative to North Carolina, our data show that Boiling Spring Lakes's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$396,670
for North carolina
for nation
2,724
$1,851 / per month