Mint Hill, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mint Hill Neighborhoods Since 2000




Mint Hill, 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

Mint Hill Housing Market Information

With a population of 25,627, 8,908 total housing units (homes and apartments), and a median house value of $271,052, Mint Hill real estate is some of the most expensive in North Carolina, although Mint Hill home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mint Hill, accounting for 86.12% of the town's housing units. Other types of housing that are prevalent in Mint Hill include large apartment complexes or high rise apartments ( 8.44%), row houses and other attached homes ( 3.04%), and a few mobile homes or trailers ( 1.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mint Hill. Owner-occupied housing accounts for 78.97% of Mint Hill's homes, and 74.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mint Hill 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 Mint Hill built between 2000 and later ( 26.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.24%).

Mint Hill Home Appreciation Rates

Appreciation rates for homes in Mint Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.28%, which ranks in the top 40% nationwide. This equates to an annual average Mint Hill house appreciation rate of 0.80%.

Appreciation rates are so strong in Mint Hill that despite a nationwide downturn in the housing market, Mint Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mint Hill appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 86.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mint Hill. Mint Hill appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Mint Hill one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Mint Hill's latest annual appreciation rate is higher than 90% 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 Mint Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mint Hill - 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 Mint Hill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,052

Mint Hill, NC HOME PRICES

Value Range
> $1,229,000 0.6
$922,001 - $1,229,000 0.1
$614,001 - $922,000 1.8
$491,001 - $614,000 5.3
$369,001 - $491,000 15.7
$246,001 - $369,000 25.1
$123,001 - $246,000 39.7
$61,001 - $123,000 8.7
$0 - $61,000 3.1

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
19.5886558068675 11.070780399274

Number Of Homes And Apartments:
8,908

Mint Hill 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
25.37% 1.32% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,416 / per month

Homeownership Rate

Homeownership
Owners 78.97
Renters 21.03
Vacant 2.50

Housing Market Details

 

Age of Homes

AGE OF Mint Hill HOMES
2000 or Newer 26.7
1970 - 1999 58.3
1940 - 1969 14.2
1939 or Older 0.8

Types of Homes

TYPE OF Mint Hill HOMES
Single-Family 86.1
Townhomes 3.0
Small Apt. Buildings 0.6
Apt. Complexes 8.4
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Mint Hill HOMES
No Bedroom 0.34
1 Bedroom 3.03
2 Bedrooms 11.34
3 Bedrooms 49.81
4 Bedrooms 24.67
5 or more bedrooms 10.80