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Black Mountain

Learn about the people, housing, costs and businesses in Black Mountain, North Carolina

Median Home$384,513
Median Rent$1,354/month
Population7,595
Leading IndustriesEducation · Professional Services4% education
Home Value Growth⬆⬆⬆+23.7% over 2 years
Retirees30% of residentswell above average
Homeowners73% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHighly Educated30% bachelor's · 12% graduate · top 9% nationally
Black Mountain
NC

Frequently Asked Questions

What are today's mortgage rates in Black Mountain?

As of today, the 30-year fixed mortgage rate for Black Mountain is approximately 6.868% (6.903% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Black Mountain?

The median home value in Black Mountain is $385k. The median monthly rent is $1,354. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Black Mountain?

Home values in Black Mountain have increased 23.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Black Mountain?

Based on a typical all-in ownership cost of $1,278/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Black Mountain is $74k/year.

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What industries drive the economy in Black Mountain?

The largest employment sectors in Black Mountain are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.