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
With a population of 8,426, 1,791 total housing units (homes and apartments), and a median house value of $172,723, Pisgah Forest 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 Pisgah Forest, accounting for 79.96% of the town's housing units. Other types of housing that are prevalent in Pisgah Forest include mobile homes or trailers ( 17.58%), duplexes, homes converted to apartments or other small apartment buildings ( 1.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pisgah Forest. Owner-occupied housing accounts for 80.19% of Pisgah Forest's homes, and 68.74% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pisgah Forest 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 Pisgah Forest built between 1940-1969 ( 21.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.31%). There's also some housing in Pisgah Forest built before 1939 ( 2.47%).
Vacant housing appears to be an issue in Pisgah Forest. Fully 18.63% of the housing stock is classified as vacant. Left unchecked, vacant Pisgah Forest homes and apartments can be a drag on the real estate market, holding Pisgah Forest 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.
Real estate appreciation rates in Pisgah Forest's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.
Over the last year, Pisgah Forest appreciation rates have trailed the rest of the nation. In the last twelve months, Pisgah Forest's appreciation rate has been -0.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pisgah Forest were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Pisgah Forest's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Pisgah Forest's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
|$755,001 - $1,007,000||1.6|
|$504,001 - $755,000||3.9|
|$403,001 - $504,000||6.3|
|$302,001 - $403,000||10.1|
|$201,001 - $302,000||23.8|
|$101,001 - $201,000||34.2|
|$50,001 - $101,000||11.4|
|$0 - $50,000||7.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Pisgah Forest HOMES|
|2000 or Newer||15.3|
|1970 - 1999||61.0|
|1940 - 1969||21.3|
|1939 or Older||2.5|
|TYPE OF Pisgah Forest HOMES|
|Small Apt. Buildings||1.6|
|SIZE OF Pisgah Forest HOMES|
|5 or more bedrooms||2.75|