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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 786, 296 total housing units (homes and apartments), and a median house value of $303,871, Pinnacle real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Pinnacle, accounting for 57.77% of the town's housing units. Other types of housing that are prevalent in Pinnacle include single-family detached homes ( 42.23%).
People in Pinnacle primarily live in small (one, two or no bedroom) mobile homes or trailers. Pinnacle has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Pinnacle 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 Pinnacle built between 2000 and later ( 25.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.55%). There's also some housing in Pinnacle built before 1939 ( 14.53%).
Appreciation rates for homes in Pinnacle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.29%, which ranks in the top 30% nationwide. This equates to an annual average Pinnacle house appreciation rate of 7.35%.
Appreciation rates are so strong in Pinnacle that despite a nationwide downturn in the housing market, Pinnacle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinnacle appreciation rates continue to be some of the highest in America, at 9.05%, which is higher than appreciation rates in 91.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinnacle. Pinnacle appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.97%.
Relative to North Carolina, our data show that Pinnacle's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
$303,871
for North carolina
for nation
296
$1,327 / per month