Burnsville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burnsville Neighborhoods Since 2000




Burnsville, 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

Burnsville Housing Market Information

With 1,660 people, 787 houses or apartments, and a median cost of homes of $177,760, Burnsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Burnsville, accounting for 53.28% of the town's housing units. Other types of housing that are prevalent in Burnsville include duplexes, homes converted to apartments or other small apartment buildings ( 24.00%), large apartment complexes or high rise apartments ( 14.42%), and a few mobile homes or trailers ( 4.63%).

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

There is a lot of housing in Burnsville 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 Burnsville built between 1940-1969 ( 32.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.30%). There's also some housing in Burnsville built before 1939 ( 9.58%).

Vacant housing appears to be an issue in Burnsville. Fully 15.29% of the housing stock is classified as vacant. Left unchecked, vacant Burnsville homes and apartments can be a drag on the real estate market, holding Burnsville 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.

Burnsville Home Appreciation Rates

Real estate appreciation rates in Burnsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Over the last year, Burnsville appreciation rates have trailed the rest of the nation. In the last twelve months, Burnsville's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burnsville were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Burnsville's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Burnsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burnsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Burnsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$177,760

Burnsville, NC HOME PRICES

Value Range
> $1,070,000 0.1
$802,001 - $1,070,000 0.5
$534,001 - $802,000 2.1
$428,001 - $534,000 1.6
$321,001 - $428,000 8.6
$214,001 - $321,000 25.6
$107,001 - $214,000 29.3
$54,001 - $107,000 21.0
$0 - $54,000 11.2

High for NC
High for Nation

Value Relative to Nation Value Relative to State
38.8960506269776 30.1270417422868

Number Of Homes And Apartments:
787

Burnsville 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
44.55% 2.16% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$715 / per month

Homeownership Rate

Homeownership
Owners 42.32
Renters 57.68
Vacant 15.29

Housing Market Details

 

Age of Homes

AGE OF Burnsville HOMES
2000 or Newer 11.3
1970 - 1999 46.9
1940 - 1969 32.2
1939 or Older 9.6

Types of Homes

TYPE OF Burnsville HOMES
Single-Family 53.3
Townhomes 3.7
Small Apt. Buildings 24.0
Apt. Complexes 14.4
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Burnsville HOMES
No Bedroom 0.65
1 Bedroom 24.65
2 Bedrooms 33.91
3 Bedrooms 31.32
4 Bedrooms 8.40
5 or more bedrooms 1.08