Mount Airy, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Airy Neighborhoods Since 2000




Mount Airy, 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

Mount Airy Housing Market Information

With 10,354 people, 4,495 houses or apartments, and a median cost of homes of $157,683, Mount Airy real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mount Airy, accounting for 69.49% of the city's housing units. Other types of housing that are prevalent in Mount Airy include large apartment complexes or high rise apartments ( 12.09%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few mobile homes or trailers ( 4.02%).

The most prevalent building size and type in Mount Airy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.27% owning and 44.73% renting.

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 ( 36.94%). A lesser amount of the housing stock also hails from before 1939 ( 18.17%). There's also some housing in Mount Airy built between 2000 and later ( 7.19%).

Vacant housing appears to be an issue in Mount Airy. Fully 11.91% 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 -0.10% during the period.

Over the last year, Mount Airy appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Airy's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Airy were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Mount Airy'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 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:
$157,683

Mount Airy, NC HOME PRICES

Value Range
> $1,051,000 0.1
$788,001 - $1,051,000 0.3
$525,001 - $788,000 0.4
$421,001 - $525,000 2.0
$315,001 - $421,000 3.9
$210,001 - $315,000 14.9
$105,001 - $210,000 37.4
$53,001 - $105,000 29.5
$0 - $53,000 11.6

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
46.6717449900387 39.0199637023593

Number Of Homes And Apartments:
4,495

Mount Airy 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
19.48% 1.04% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$853 / per month

Homeownership Rate

Homeownership
Owners 55.27
Renters 44.73
Vacant 11.91

Housing Market Details

 

Age of Homes

AGE OF Mount Airy HOMES
2000 or Newer 7.2
1970 - 1999 37.7
1940 - 1969 36.9
1939 or Older 18.2

Types of Homes

TYPE OF Mount Airy HOMES
Single-Family 69.5
Townhomes 3.3
Small Apt. Buildings 11.2
Apt. Complexes 12.1
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Mount Airy HOMES
No Bedroom 1.43
1 Bedroom 8.80
2 Bedrooms 34.69
3 Bedrooms 38.92
4 Bedrooms 13.52
5 or more bedrooms 2.65