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
With a population of 3,055, 1,082 total housing units (homes and apartments), and a median house value of $389,608, Mineral Springs house prices are not only among the most expensive in North Carolina, Mineral Springs real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Mineral Springs, accounting for 91.52% of the town's housing units. Other types of housing that are prevalent in Mineral Springs include mobile homes or trailers ( 7.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mineral Springs. Owner-occupied housing accounts for 82.90% of Mineral Springs's homes, and 84.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mineral 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 Mineral Springs built between 2000 and later ( 25.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.36%). There's also some housing in Mineral Springs built before 1939 ( 1.20%).
Appreciation rates for homes in Mineral Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.05%, which ranks in the top 30% nationwide. This equates to an annual average Mineral Springs house appreciation rate of 2.82%.
Appreciation rates are so strong in Mineral Springs that despite a nationwide downturn in the housing market, Mineral Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mineral Springs appreciation rates continue to be some of the highest in America, at 5.81%, which is higher than appreciation rates in 80.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mineral Springs. Mineral Springs appreciation rates in the latest quarter were at 1.48%, which equates to an annual appreciation rate of 6.05%.
Relative to North Carolina, our data show that Mineral Springs's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.
|$946,001 - $1,261,000||0.7|
|$631,001 - $946,000||3.6|
|$505,001 - $631,000||11.9|
|$379,001 - $505,000||26.0|
|$252,001 - $379,000||25.5|
|$126,001 - $252,000||22.6|
|$63,001 - $126,000||3.9|
|$0 - $63,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Mineral Springs HOMES|
|2000 or Newer||25.2|
|1970 - 1999||60.3|
|1940 - 1969||13.4|
|1939 or Older||1.2|
|TYPE OF Mineral Springs HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Mineral Springs HOMES|
|5 or more bedrooms||3.60|