Kings Mountain, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kings Mountain Neighborhoods Since 2000




Kings 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 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

Kings Mountain Housing Market Information

With a population of 10,760, 4,005 total housing units (homes and apartments), and a median house value of $113,909, house prices in Kings Mountain are solidly below the national average.

Single-family detached homes are the single most common housing type in Kings Mountain, accounting for 79.36% of the city's housing units. Other types of housing that are prevalent in Kings Mountain include duplexes, homes converted to apartments or other small apartment buildings ( 8.88%), large apartment complexes or high rise apartments ( 7.19%), and a few mobile homes or trailers ( 3.84%).

The most prevalent building size and type in Kings Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.62% owning and 47.38% renting.

There is a lot of housing in Kings 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 Kings Mountain built between 1940-1969 ( 33.66%). A lesser amount of the housing stock also hails from before 1939 ( 13.58%). There's also some housing in Kings Mountain built between 2000 and later ( 7.37%).

Kings Mountain Home Appreciation Rates

Real estate appreciation rates in Kings Mountain's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

Over the last year, Kings Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Kings Mountain's appreciation rate has been 0.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kings Mountain were at -0.29%, which equates to an annual appreciation rate of -1.17%.

Relative to North Carolina, our data show that Kings Mountain's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Kings Mountain differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kings Mountain - 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 Kings Mountain real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$113,909

Kings Mountain, NC HOME PRICES

Value Range
> $1,022,000 0.0
$767,001 - $1,022,000 0.0
$511,001 - $767,000 0.9
$409,001 - $511,000 0.3
$307,001 - $409,000 1.6
$205,001 - $307,000 10.5
$102,001 - $205,000 33.3
$51,001 - $102,000 37.9
$0 - $51,000 15.5

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
68.9851166061174 67.513611615245

Number Of Homes And Apartments:
4,005

Kings Mountain 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
11.57% 0.64% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$962 / per month

Homeownership Rate

Homeownership
Owners 52.62
Renters 47.38
Vacant 9.96

Housing Market Details

 

Age of Homes

AGE OF Kings Mountain HOMES
2000 or Newer 7.4
1970 - 1999 45.4
1940 - 1969 33.7
1939 or Older 13.6

Types of Homes

TYPE OF Kings Mountain HOMES
Single-Family 79.4
Townhomes 0.7
Small Apt. Buildings 8.9
Apt. Complexes 7.2
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Kings Mountain HOMES
No Bedroom 0.20
1 Bedroom 5.40
2 Bedrooms 34.22
3 Bedrooms 50.92
4 Bedrooms 8.07
5 or more bedrooms 1.19