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Mount Pleasant, 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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Mount Pleasant, NC Housing Market Trends

With a population of 1,708, 652 total housing units (homes and apartments), and a median house value of $320,868, Mount Pleasant real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 73.49% of the town's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 14.56%), duplexes, homes converted to apartments or other small apartment buildings ( 9.22%), and a few row houses and other attached homes ( 2.50%).

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 Pleasant. Owner-occupied housing accounts for 73.56% of Mount Pleasant's homes, and 58.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Pleasant 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 Pleasant built between 1940-1969 ( 27.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.91%). There's also some housing in Mount Pleasant built before 1939 ( 14.11%).

Vacant housing appears to be an issue in Mount Pleasant. Fully 25.82% of the housing stock is classified as vacant. Left unchecked, vacant Mount Pleasant homes and apartments can be a drag on the real estate market, holding Mount Pleasant 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 Pleasant Home Appreciation Rates

Appreciation rates for homes in Mount Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.55%, which ranks in the top 30% nationwide. This equates to an annual average Mount Pleasant house appreciation rate of 6.83%.

Appreciation rates are so strong in Mount Pleasant that despite a nationwide downturn in the housing market, Mount Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Pleasant appreciation rates continue to be some of the highest in America, at 18.56%, which is higher than appreciation rates in 93.55% 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 Pleasant. Mount Pleasant appreciation rates in the latest quarter were at 1.87%, which equates to an annual appreciation rate of 7.70%.

Relative to North Carolina, our data show that Mount Pleasant's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$320,868

Mount Pleasant, NC Home Prices
> $1,495,000
$1,121,001 - $1,495,000
$748,001 - $1,121,000
$598,001 - $748,000
$449,001 - $598,000
$299,001 - $449,000
$150,001 - $299,000
$75,001 - $150,000
$0 - $75,000
0.2%
0.2%
0.1%
0.1%
2.7%
2.7%
6.4%
6.4%
14.8%
14.8%
31.6%
31.6%
29.6%
29.6%
12.7%
12.7%
2.0%
2.0%
0% 100.0%
% of Homes
High

for North carolina

High

for nation

Number of Homes And Apartments:

652

Mount Pleasant Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,812 / per month

Homeownership Rate

Owners
Renters
Vacant
73.6%
73.6%
26.4%
26.4%
25.8%
25.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.9%
19.9%
38.0%
38.0%
28.0%
28.0%
14.1%
14.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.5%
73.5%
2.5%
2.5%
9.2%
9.2%
14.6%
14.6%
0.2%
0.2%
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
0.9%
0.9%
5.5%
5.5%
30.7%
30.7%
46.1%
46.1%
12.9%
12.9%
4.0%
4.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Mount Pleasant

Zip Codes in Mount Pleasant, NC