Boiling Springs, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Boiling Springs Neighborhoods Since 2000




Boiling Springs, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Boiling Springs Housing Market Information

With 4,674 people, 1,186 houses or apartments, and a median cost of homes of $129,045, house prices in Boiling Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Boiling Springs, accounting for 76.70% of the town's housing units. Other types of housing that are prevalent in Boiling Springs include duplexes, homes converted to apartments or other small apartment buildings ( 14.11%), large apartment complexes or high rise apartments ( 5.75%), and a few mobile homes or trailers ( 2.32%).

The most prevalent building size and type in Boiling Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.12% owning and 44.88% renting.

There is a lot of housing in Boiling Springs 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 Springs built between 1940-1969 ( 20.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.68%).

Vacant housing appears to be an issue in Boiling Springs. Fully 16.77% of the housing stock is classified as vacant. Left unchecked, vacant Boiling Springs homes and apartments can be a drag on the real estate market, holding Boiling Springs 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.

Boiling Springs Home Appreciation Rates

Real estate appreciation rates in Boiling Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Over the last year, Boiling Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Boiling Springs's appreciation rate has been 0.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boiling Springs were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Boiling Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Boiling Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$129,045

Boiling Springs, NC HOME PRICES

Value Range
> $1,027,000 0.0
$771,001 - $1,027,000 0.0
$514,001 - $771,000 0.0
$411,001 - $514,000 1.3
$308,001 - $411,000 3.0
$205,001 - $308,000 11.5
$103,001 - $205,000 47.4
$52,001 - $103,000 30.7
$0 - $52,000 6.2

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
60.430094925583 56.0798548094374

Number Of Homes And Apartments:
1,186

Boiling Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
18.57% 0.99% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 55.12
Renters 44.88
Vacant 16.77

Housing Market Details

 

Age of Homes

AGE OF Boiling Springs HOMES
2000 or Newer 17.7
1970 - 1999 60.7
1940 - 1969 20.7
1939 or Older 0.9

Types of Homes

TYPE OF Boiling Springs HOMES
Single-Family 76.7
Townhomes 1.1
Small Apt. Buildings 14.1
Apt. Complexes 5.8
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Boiling Springs HOMES
No Bedroom 0.00
1 Bedroom 9.12
2 Bedrooms 28.98
3 Bedrooms 49.89
4 Bedrooms 9.05
5 or more bedrooms 2.95