Bryson City, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bryson City, NC Real Estate Data


Bryson City Housing Market Information

With a population of 1,458, 543 total housing units (homes and apartments), and a median house value of $127,774, house prices in Bryson City are solidly below the national average.

Single-family detached homes are the single most common housing type in Bryson City, accounting for 49.66% of the town's housing units. Other types of housing that are prevalent in Bryson City include mobile homes or trailers ( 25.71%), duplexes, homes converted to apartments or other small apartment buildings ( 15.61%), and a few large apartment complexes or high rise apartments ( 9.02%).

People in Bryson City primarily live in small (one, two or no bedroom) single-family detached homes. Bryson City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bryson City 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 Bryson City built between 1940-1969 ( 31.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.25%). There's also some housing in Bryson City built before 1939 ( 11.57%).

Vacant housing appears to be an issue in Bryson City. Fully 26.92% of the housing stock is classified as vacant. Left unchecked, vacant Bryson City homes and apartments can be a drag on the real estate market, holding Bryson City 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.

Bryson City Home Appreciation Rates

Bryson City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bryson City during the period has been just -1.27%, which is lower than 80% of US communities.

Over the last year, Bryson City appreciation rates have trailed the rest of the nation. In the last twelve months, Bryson City's appreciation rate has been 4.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bryson City were at 0.99%, which equates to an annual appreciation rate of 4.04%.

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

Relative to North Carolina, our data show that Bryson City's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$127,774

Bryson City, NC HOME PRICES

Value Range
> $988,000 0.0
$741,001 - $988,000 0.0
$494,001 - $741,000 3.4
$395,001 - $494,000 1.5
$296,001 - $395,000 3.4
$198,001 - $296,000 15.0
$99,001 - $198,000 40.7
$50,001 - $99,000 18.4
$0 - $50,000 17.5

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
62.065936639925 59.7096188747731

Number Of Homes And Apartments:
543

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 46.46
Renters 53.54
Vacant 26.92

Housing Market Details

 

Age of Homes

AGE OF Bryson City HOMES
2000 or Newer 12.2
1970 - 1999 44.3
1940 - 1969 31.9
1939 or Older 11.6

Types of Homes

TYPE OF Bryson City HOMES
Single-Family 49.7
Townhomes 0.0
Small Apt. Buildings 15.6
Apt. Complexes 9.0
Mobile Homes 25.7
Other 0.0

Home Size

SIZE OF Bryson City HOMES
No Bedroom 7.27
1 Bedroom 12.38
2 Bedrooms 34.86
3 Bedrooms 36.34
4 Bedrooms 5.92
5 or more bedrooms 3.23

Bryson City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.91% 1.64% 6 3
* 10 is highest

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Zip Codes in Bryson City, NC