Pinnacle, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pinnacle Neighborhoods Since 2000




Pinnacle, 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

Pinnacle Housing Market Information

With a population of 873, 269 total housing units (homes and apartments), and a median house value of $117,814, house prices in Pinnacle are solidly below the national average.

Single-family detached homes are the single most common housing type in Pinnacle, accounting for 48.33% of the town's housing units. Other types of housing that are prevalent in Pinnacle include mobile homes or trailers ( 46.10%), duplexes, homes converted to apartments or other small apartment buildings ( 2.97%), and a few large apartment complexes or high rise apartments ( 2.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pinnacle. Owner-occupied housing accounts for 84.70% of Pinnacle's homes, and 90.33% have either three or four bedrooms, which is average sized relative to America.

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 1940-1969 ( 20.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.96%). There's also some housing in Pinnacle built before 1939 ( 3.72%).

Pinnacle Home Appreciation Rates

Pinnacle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pinnacle during the period has been just -1.54%, which is lower than 80% of US communities.

Over the last year, Pinnacle appreciation rates have trailed the rest of the nation. In the last twelve months, Pinnacle's appreciation rate has been -2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pinnacle were at -1.84%, which equates to an annual appreciation rate of -7.17%.

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

Relative to North Carolina, our data show that Pinnacle's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$117,814

Pinnacle, NC HOME PRICES

Value Range
> $986,000 0.0
$740,001 - $986,000 0.0
$493,001 - $740,000 0.8
$394,001 - $493,000 1.9
$295,001 - $394,000 2.4
$197,001 - $295,000 17.9
$98,001 - $197,000 35.7
$49,001 - $98,000 30.7
$0 - $49,000 10.6

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
66.7994843548576 64.97277676951

Number Of Homes And Apartments:
269

Pinnacle 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
8.55% 0.48% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$769 / per month

Homeownership Rate

Homeownership
Owners 84.70
Renters 15.30
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Pinnacle HOMES
2000 or Newer 19.0
1970 - 1999 56.5
1940 - 1969 20.8
1939 or Older 3.7

Types of Homes

TYPE OF Pinnacle HOMES
Single-Family 48.3
Townhomes 0.0
Small Apt. Buildings 3.0
Apt. Complexes 2.6
Mobile Homes 46.1
Other 0.0

Home Size

SIZE OF Pinnacle HOMES
No Bedroom 0.00
1 Bedroom 2.60
2 Bedrooms 7.06
3 Bedrooms 67.29
4 Bedrooms 23.05
5 or more bedrooms 0.00

Popular Neighborhoods in Pinnacle

Zip Codes in Pinnacle, NC