Mount Holly, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Mount Holly, NC Housing Market Trends

With 17,703 people, 6,182 houses or apartments, and a median cost of homes of $233,339, 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 68.24% of the city's housing units. Other types of housing that are prevalent in Mount Holly include large apartment complexes or high rise apartments ( 11.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.98%), and a few row houses and other attached homes ( 8.15%).

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 65.03% of Mount Holly's homes, and 56.79% have either three or four bedrooms, which is average sized relative to America.

Mount Holly homes and real estate are some of the newest in America. 39.16% of Mount Holly's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mount Holly real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.63%), and between 1940-1969 ( 22.77%). There's also some housing in Mount Holly built before 1939 ( 7.45%).

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 82.34%, which ranks in the top 30% nationwide. This equates to an annual average Mount Holly house appreciation rate of 6.19%.

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 22.31%, which is higher than appreciation rates in 82.18% 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 8.28%, which equates to an annual appreciation rate of 37.45%.

Relative to North Carolina, our data show that Mount Holly's latest annual appreciation rate is higher than 80% 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:
$233,339

Mount Holly, NC HOME PRICES

> $1,420,000
$1,065,001 - $1,420,000
$710,001 - $1,065,000
$568,001 - $710,000
$426,001 - $568,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.4%
0.4%
2.6%
2.6%
2.2%
2.2%
5.8%
5.8%
23.7%
23.7%
46.4%
46.4%
14.7%
14.7%
4.1%
4.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for NC

Value Relative To Nation

Number Of Homes And Apartments:
6,182

Mount Holly Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
96.22% 3.11%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,344 / per month

Homeownership Rate

Owners
Renters
Vacant
65.0%
65.0%
35.0%
35.0%
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
39.2%
39.2%
30.6%
30.6%
22.8%
22.8%
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
8.1%
8.1%
9.0%
9.0%
11.5%
11.5%
2.7%
2.7%
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
7.3%
7.3%
29.3%
29.3%
37.6%
37.6%
19.2%
19.2%
5.7%
5.7%
0.0% 100.0%
% OF HOMES