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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mount Airy, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mount Airy, NC Housing Market Trends

With a population of 10,617, 4,899 total housing units (homes and apartments), and a median house value of $236,563, house prices in Mount Airy are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Airy, accounting for 57.72% of the city's housing units. Other types of housing that are prevalent in Mount Airy include duplexes, homes converted to apartments or other small apartment buildings ( 20.75%), large apartment complexes or high rise apartments ( 14.74%), and a few row houses and other attached homes ( 4.57%).

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

There is a lot of housing in Mount Airy 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 Mount Airy built between 1940-1969 ( 35.08%). A lesser amount of the housing stock also hails from before 1939 ( 18.95%). There's also some housing in Mount Airy built between 2000 and later ( 7.42%).

Vacant housing appears to be an issue in Mount Airy. Fully 12.24% of the housing stock is classified as vacant. Left unchecked, vacant Mount Airy homes and apartments can be a drag on the real estate market, holding Mount Airy 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.

Mount Airy Home Appreciation Rates

Real estate appreciation rates in Mount Airy's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.90% during the period.

Appreciation rates are so strong in Mount Airy that despite a nationwide downturn in the housing market, Mount Airy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Airy appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 77.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Airy. Mount Airy appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.

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

Average Home Values

Median Home Value

$236,563

Mount Airy, NC Home Prices
> $1,454,000
$1,091,001 - $1,454,000
$727,001 - $1,091,000
$582,001 - $727,000
$436,001 - $582,000
$290,001 - $436,000
$145,001 - $290,000
$73,001 - $145,000
$0 - $73,000
0.9%
0.9%
0.3%
0.3%
1.2%
1.2%
4.6%
4.6%
6.9%
6.9%
21.9%
21.9%
42.2%
42.2%
14.7%
14.7%
7.1%
7.1%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

4,899

Mount Airy Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,154 / per month

Homeownership Rate

Owners
Renters
50.9%
50.9%
49.1%
49.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.2%
12.2%
87.8%
87.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.4%
7.4%
38.6%
38.6%
35.1%
35.1%
19.0%
19.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.7%
57.7%
4.6%
4.6%
20.7%
20.7%
14.7%
14.7%
2.2%
2.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
15.5%
15.5%
38.8%
38.8%
29.7%
29.7%
7.8%
7.8%
3.4%
3.4%
0% 100.0%
% of Homes