There are currently 5,556 real estate properties in Black Mountain, NC, with a median automated valuation model (AVM) price of $325,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Black Mountain, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Black Mountain, NC, is $368,398.00, with the most expensive house in Black Mountain, NC, topping out at $3,545,200.00 and the cheapest home in Black Mountain, NC, clocking in at $34,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Black Mountain, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Black Mountain, NC, is on a rollercoaster ride. The average rent price in Black Mountain, NC, is $1,721.00. Indeed, when looking to rent in Black Mountain, NC, you can expect to pay as little as $470.00 or as much as $3,580.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Black Mountain, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Black Mountain, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Black Mountain, NC and much more. Save thousands at closing with home foreclosure listings in Black Mountain, NC — up to 75% off market value!
Black Mountain is located in Buncombe, North Carolina, with an estimated municipal population of 8,162 residents. All of the best foreclosed homes for sale in Black Mountain are located in the following zip code areas on Foreclosure.com: 28711 28770. The estimated population per square kilometer (.62 miles) in Black Mountain is 470.
So, about how much do homes cost in Black Mountain? The most recent median value of resident-owned homes in Black Mountain is 226,719. An estimated 63.9 percent of households in Black Mountain own their homes, with an average family size of 2.65. The median household income in Black Mountain is 50,373, with17.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Black Mountain, the median commute time of resident workers (in minutes) is 19.1. And last, but certainly not least, are you looking for homes to rent in Black Mountain? If so, the average rent price paid by renters in Black Mountain is 791, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Black Mountain, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Black Mountain is 54, split between 43.7 percent male versus 56.3 female. The percentage of residents who report being married in Black Mountain is 50.6, with an average family size of 2.65.
The percentage of residents who report their race in Black Mountain is as follows:
|Black / African American||6.9%|
|American Indian / Alaskan Native||0.7%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Black Mountain? Or maybe you are searching for 55+ active adult communities in and/or near Black Mountain?
The percentage of residents who report their age in Black Mountain is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Black Mountain with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Black Mountain.
How do you know that living in -- or moving to -- Black Mountain is right where you need to be? Perhaps you grew up in Black Mountain or already live nearby; therefore, the decision to buy a home in Black Mountain is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Black Mountain for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Black Mountain:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Black Mountain.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Black Mountain can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Black Mountain, meanwhile, can field multiple offers from more qualified buyers.