Home Values

Black Mountain Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$204,100

  • 3.4% 1-year change
  • 1.0% 1-year forecast

The median home value in Black Mountain is $204,100. Black Mountain home values have gone up 3.4% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Black Mountain is None. The median rent price in Black Mountain is $1,250, which is higher than the Asheville Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Black Mountain 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Black Mountain is 0.0%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Black Mountain homeowners underwater on their mortgage is 6.8%.

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Relative ZHVI
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Black Mountain Market Overview

Data through May 31, 2015
  • $204,100 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $225,000 Median sale price
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Black Mountain Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 6.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 0.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2.1 homes Black Mountain
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Biltmore Forest $793,500
Fairview $261,300
Weaverville $220,700
Name Median ZHVI
Barnardsville $202,800
Fletcher $198,800
Asheville $185,200
Name Median ZHVI
Swannanoa $154,800
Woodfin $150,900
Hendersonville $141,700

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $144 Median sale price / sq ft
  • No data Listings with price cut
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Black Mountain Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,257 Black Mountain
    $1,224 Asheville Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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