Pilot Mountain, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pilot Mountain Neighborhoods Since 2000




Pilot Mountain, 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

Pilot Mountain Housing Market Information

With 1,465 people, 669 houses or apartments, and a median cost of homes of $174,548, Pilot Mountain 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 Pilot Mountain, accounting for 66.23% of the town's housing units. Other types of housing that are prevalent in Pilot Mountain include large apartment complexes or high rise apartments ( 16.69%), duplexes, homes converted to apartments or other small apartment buildings ( 5.96%), and a few row houses and other attached homes ( 5.83%).

The most prevalent building size and type in Pilot Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.06% owning and 46.94% renting.

There is a lot of housing in Pilot Mountain 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 Pilot Mountain built between 1940-1969 ( 34.30%). A lesser amount of the housing stock also hails from before 1939 ( 16.03%). There's also some housing in Pilot Mountain built between 2000 and later ( 10.33%).

Vacant housing appears to be an issue in Pilot Mountain. Fully 11.39% of the housing stock is classified as vacant. Left unchecked, vacant Pilot Mountain homes and apartments can be a drag on the real estate market, holding Pilot Mountain 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.

Pilot Mountain Home Appreciation Rates

Appreciation rates for homes in Pilot Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.83%, which ranks in the top 50% nationwide. This equates to an annual average Pilot Mountain house appreciation rate of 0.08%.

Appreciation rates are so strong in Pilot Mountain that despite a nationwide downturn in the housing market, Pilot Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pilot Mountain appreciation rates continue to be some of the highest in America, at 6.91%, which is higher than appreciation rates in 80.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pilot Mountain. Pilot Mountain appreciation rates in the latest quarter were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Pilot Mountain's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$174,548

Pilot Mountain, NC HOME PRICES

Value Range
> $1,092,000 1.6
$819,001 - $1,092,000 0.0
$546,001 - $819,000 1.0
$437,001 - $546,000 3.4
$327,001 - $437,000 6.3
$218,001 - $327,000 14.2
$109,001 - $218,000 56.0
$55,001 - $109,000 11.6
$0 - $55,000 5.9

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
40.0093753662252 31.9419237749546

Number Of Homes And Apartments:
669

Pilot Mountain 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
19.91% 1.06% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 53.06
Renters 46.94
Vacant 11.39

Housing Market Details

 

Age of Homes

AGE OF Pilot Mountain HOMES
2000 or Newer 10.3
1970 - 1999 39.3
1940 - 1969 34.3
1939 or Older 16.0

Types of Homes

TYPE OF Pilot Mountain HOMES
Single-Family 66.2
Townhomes 5.8
Small Apt. Buildings 6.0
Apt. Complexes 16.7
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Pilot Mountain HOMES
No Bedroom 0.00
1 Bedroom 6.49
2 Bedrooms 38.41
3 Bedrooms 41.99
4 Bedrooms 9.40
5 or more bedrooms 3.71

Popular Neighborhoods in Pilot Mountain

Zip Codes in Pilot Mountain, NC