![]() ![]() Based on the last twelve months, short-term real estate investors have found good fortune in Asheville. Looking at just the latest twelve months, Asheville appreciation rates continue to be some of the highest in America, at 9.75%, which is higher than appreciation rates in 71.54% of the cities and towns in the nation. If you are a home buyer or real estate investor, Asheville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.Īppreciation rates are so strong in Asheville that despite a nationwide downturn in the housing market, Asheville real estate has continued to appreciate in value faster than most communities. Asheville real estate appreciated 124.72% over the last ten years, which is an average annual home appreciation rate of 8.43%, putting Asheville in the top 20% nationally for real estate appreciation. In the last 10 years, Asheville has experienced some of the highest home appreciation rates of any community in the nation. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Left unchecked, vacant Asheville homes and apartments can be a drag on the real estate market, holding Asheville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Fully 18.79% of the housing stock is classified as vacant. Vacant housing appears to be an issue in Asheville. There's also some housing in Asheville built before 1939 ( 18.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.22%). There is also a lot of housing in Asheville built between 1940-1969 ( 23.94%). There is a lot of housing in Asheville 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. Asheville has a mixture of owner-occupied and renter-occupied housing. People in Asheville primarily live in small (one, two or no bedroom) single-family detached homes. Other types of housing that are prevalent in Asheville include large apartment complexes or high rise apartments ( 26.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.88%), and a few mobile homes or trailers ( 4.22%). Single-family detached homes are the single most common housing type in Asheville, accounting for 57.16% of the city's housing units. With a population of 94,067, 38,933 total housing units (homes and apartments), and a median house value of $475,003, Asheville house prices are not only among the most expensive in North Carolina, Asheville real estate also is some of the most expensive in all of America. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |