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 27,143 people, 10,000 houses or apartments, and a median cost of homes of $509,957, Mint Hill real estate is some of the most expensive in North Carolina, although Mint Hill home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Mint Hill, accounting for 84.73% of the town's housing units. Other types of housing that are prevalent in Mint Hill include large apartment complexes or high rise apartments ( 7.93%), row houses and other attached homes ( 5.73%), and a few mobile homes or trailers ( 1.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mint Hill. Owner-occupied housing accounts for 79.74% of Mint Hill's homes, and 75.16% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mint Hill 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 Mint Hill built between 2000 and later ( 35.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.39%). There's also some housing in Mint Hill built before 1939 ( 1.78%).
In the last 10 years, Mint Hill has experienced some of the highest home appreciation rates of any community in the nation. Mint Hill real estate appreciated 162.51% over the last ten years, which is an average annual home appreciation rate of 10.13%, putting Mint Hill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mint Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Mint Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Mint Hill's appreciation rate has been 5.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mint Hill were at 1.72%, which equates to an annual appreciation rate of 7.07%.
Relative to North Carolina, our data show that Mint Hill's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Mint Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mint Hill - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mint Hill real estate investment or home purchase decisions.
$509,957
for North carolina
for nation
10,000
$2,663 / per month