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 8,809, 3,406 total housing units (homes and apartments), and a median house value of $479,819, Pisgah Forest real estate is some of the most expensive in North Carolina, although Pisgah Forest home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Pisgah Forest, accounting for 74.84% of the town's housing units. Other types of housing that are prevalent in Pisgah Forest include mobile homes or trailers ( 21.35%), row houses and other attached homes ( 2.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).
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 84.11% of Pisgah Forest's homes, and 64.63% 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 2000 and later ( 28.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.36%). There's also some housing in Pisgah Forest built before 1939 ( 2.22%).
Vacant housing appears to be an issue in Pisgah Forest. Fully 19.93% 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.
In the last 10 years, Pisgah Forest has experienced some of the highest home appreciation rates of any community in the nation. Pisgah Forest real estate appreciated 111.55% over the last ten years, which is an average annual home appreciation rate of 7.78%, putting Pisgah Forest in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pisgah Forest definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Pisgah Forest that despite a nationwide downturn in the housing market, Pisgah Forest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pisgah Forest appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 77.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pisgah Forest. Pisgah Forest appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.
Relative to North Carolina, our data show that Pisgah Forest's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$479,819
for North carolina
for nation
3,406
$1,494 / per month