Mount Holly, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mount Holly Neighborhoods Since 2000




Mount Holly, 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 Holly Housing Market Information

With a population of 14,176, 5,831 total housing units (homes and apartments), and a median house value of $164,563, Mount Holly 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 Holly, accounting for 70.46% of the city's housing units. Other types of housing that are prevalent in Mount Holly include large apartment complexes or high rise apartments ( 11.86%), duplexes, homes converted to apartments or other small apartment buildings ( 7.12%), and a few row houses and other attached homes ( 6.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Holly. Owner-occupied housing accounts for 65.08% of Mount Holly's homes, and 58.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Holly 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 Holly built between 2000 and later ( 33.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.84%). There's also some housing in Mount Holly built before 1939 ( 5.94%).

Mount Holly Home Appreciation Rates

Appreciation rates for homes in Mount Holly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.48%, which ranks in the top 30% nationwide. This equates to an annual average Mount Holly house appreciation rate of 0.91%.

Appreciation rates are so strong in Mount Holly that despite a nationwide downturn in the housing market, Mount Holly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Holly appreciation rates continue to be some of the highest in America, at 8.20%, which is higher than appreciation rates in 87.68% 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 Holly. Mount Holly appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

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

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

Average Home Values

 

Median Home Value:
$164,563

Mount Holly, NC HOME PRICES

Value Range
> $1,180,000 0.4
$884,001 - $1,180,000 0.1
$589,001 - $884,000 2.0
$472,001 - $589,000 1.8
$354,001 - $472,000 2.1
$236,001 - $354,000 14.6
$118,001 - $236,000 46.8
$59,001 - $118,000 26.0
$0 - $59,000 6.3

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
43.8181178952303 36.8421052631579

Number Of Homes And Apartments:
5,831

Mount Holly 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
26.84% 1.39% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Homeownership
Owners 65.08
Renters 34.92
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Mount Holly HOMES
2000 or Newer 33.1
1970 - 1999 35.1
1940 - 1969 25.8
1939 or Older 5.9

Types of Homes

TYPE OF Mount Holly HOMES
Single-Family 70.5
Townhomes 6.6
Small Apt. Buildings 7.1
Apt. Complexes 11.9
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Mount Holly HOMES
No Bedroom 1.39
1 Bedroom 6.51
2 Bedrooms 29.60
3 Bedrooms 42.69
4 Bedrooms 15.75
5 or more bedrooms 4.05