Pisgah Forest, NC


Highest Appreciating Pisgah Forest Neighborhoods Since 2000

Pisgah Forest, 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

Pisgah Forest Housing Market Information

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.

Pisgah Forest Home Appreciation Rates

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.

Average Home Values


Median Home Value:

Pisgah Forest, NC HOME PRICES

Value Range
> $1,007,000 0.9
$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

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
40.6656510019923 32.6678765880218

Number Of Homes And Apartments:

Pisgah Forest Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
33.94% 1.71% 7 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$912 / per month

Homeownership Rate

Owners 80.19
Renters 19.81
Vacant 18.63

Housing Market Details


Age of Homes

AGE OF Pisgah Forest HOMES
2000 or Newer 15.3
1970 - 1999 61.0
1940 - 1969 21.3
1939 or Older 2.5

Types of Homes

TYPE OF Pisgah Forest HOMES
Single-Family 80.0
Townhomes 0.0
Small Apt. Buildings 1.6
Apt. Complexes 0.9
Mobile Homes 17.6
Other 0.0

Home Size

SIZE OF Pisgah Forest HOMES
No Bedroom 0.00
1 Bedroom 1.90
2 Bedrooms 26.61
3 Bedrooms 52.77
4 Bedrooms 15.97
5 or more bedrooms 2.75