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 5,757 people, 2,060 houses or apartments, and a median cost of homes of $255,848, East Flat Rock real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in East Flat Rock, accounting for 60.78% of the town's housing units. Other types of housing that are prevalent in East Flat Rock include mobile homes or trailers ( 27.91%), large apartment complexes or high rise apartments ( 6.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).
The most prevalent building size and type in East Flat Rock are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.91% owning and 41.09% renting.
There is a lot of housing in East Flat Rock 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 East Flat Rock built between 1940-1969 ( 20.53%). A lesser amount of the housing stock also hails from before 1939 ( 8.30%). There's also some housing in East Flat Rock built between 2000 and later ( 7.77%).
In the last 10 years, East Flat Rock has experienced some of the highest home appreciation rates of any community in the nation. East Flat Rock real estate appreciated 125.42% over the last ten years, which is an average annual home appreciation rate of 8.47%, putting East Flat Rock in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Flat Rock 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, East Flat Rock appreciation rates have trailed the rest of the nation. In the last twelve months, East Flat Rock's appreciation rate has been 1.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Flat Rock were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, East Flat Rock's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that East Flat Rock's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$255,848
for North carolina
for nation
2,060
$1,887 / per month