Mint Hill, NC Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mint Hill, NC Housing Market Trends

With a population of 27,617, 9,627 total housing units (homes and apartments), and a median house value of $370,911, 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 84.24% of the town's housing units. Other types of housing that are prevalent in Mint Hill include large apartment complexes or high rise apartments ( 9.83%), row houses and other attached homes ( 3.39%), and a few mobile homes or trailers ( 1.85%).

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 77.39% of Mint Hill's homes, and 75.22% 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 ( 33.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.88%). There's also some housing in Mint Hill built before 1939 ( 2.43%).

Mint Hill Home Appreciation Rates

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 89.62% over the last ten years, which is an average annual home appreciation rate of 6.61%, 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.

Appreciation rates are so strong in Mint Hill that despite a nationwide downturn in the housing market, Mint Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mint Hill appreciation rates continue to be some of the highest in America, at 11.14%, which is higher than appreciation rates in 77.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mint Hill. Mint Hill appreciation rates in the latest quarter were at 3.02%, which equates to an annual appreciation rate of 12.63%.

Relative to North Carolina, our data show that Mint Hill's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$370,911

Mint Hill, NC HOME PRICES

> $1,400,000
0.6%
0.6%
$1,050,001 - $1,400,000
1.1%
1.1%
$700,001 - $1,050,000
3.9%
3.9%
$560,001 - $700,000
6.5%
6.5%
$420,001 - $560,000
20.7%
20.7%
$280,001 - $420,000
32.8%
32.8%
$140,001 - $280,000
28.0%
28.0%
$70,001 - $140,000
3.7%
3.7%
$0 - $70,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
9,627

Mint Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
96.05% 3.18%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,921 / per month

Homeownership Rate

Owners
77.4%
77.4%
Renters
22.6%
22.6%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
33.7%
33.7%
1970 - 1999
55.0%
55.0%
1940 - 1969
8.9%
8.9%
1939 or Older
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.2%
84.2%
Townhomes
3.4%
3.4%
Small Apt. Buildings
0.1%
0.1%
Apt. Complexes
9.8%
9.8%
Mobile Homes
1.8%
1.8%
Other
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
3.9%
3.9%
2 Bedrooms
11.7%
11.7%
3 Bedrooms
47.8%
47.8%
4 Bedrooms
27.4%
27.4%
5 or more bedrooms
8.5%
8.5%
0.0% 100.0%
% OF HOMES