Home prices
The median home cost in Black Mountain is $226,700. Compared to its surrounding areas this is about $86,840 (27%) lower.Compared to the country as a whole it is about $9,200 (4%) higher, and in comparison to the city of Asheville it is about $43,700 (16%) lower.
Rents
The median rent in Black Mountain is $791 per month. It is roughly $47 (6%) higher compared to its surrounding areas.In comparison to the entire country it is approximately $271 (25%) lower, and is about $252 (24%) lower compared to the city of Asheville.
Nearby places
Swannanoa
Swannanoa is Black Mountain's neighbor to the west. Real estate prices there are substantially less expensive. The median home price in Swannanoa is $136,700, which works out to $90,000 (65%) lower than Black Mountain. Its rents are pretty similar. Swannanoa's median rent is $820 per month, which comes out to $29 (3%) higher than Black Mountain.
Old Fort
Old Fort is approximately 7 miles east of Black Mountain. Its housing prices are significantly less expensive. The price of the median home in Old Fort is $82,400, which works out to $144,300 (175%) lower than Black Mountain. The rent there is a lot less expensive. The median monthly rent in Old Fort is $540, which comes out to $251 (46%) lower than Black Mountain.
Gerton
Gerton is about 10 miles south of Black Mountain. The real estate prices there are pretty similar. The median home in Gerton is valued at $218,200, which works out to $8,500 (3%) lower than Black Mountain. The rent there is significantly less expensive. Gerton's median rent is $574 per month, which comes out to $217 (37%) lower than Black Mountain.
Biltmore Forest
Biltmore Forest is approximately 11 miles southwest of Black Mountain. Real estate prices there are a lot more expensive. The median home in Biltmore Forest costs $910,400, which works out to $683,700 (75%) higher than Black Mountain. Rents there are somewhat more expensive. In Biltmore Forest the median monthly rent is $1,083, which is $292 (26%) higher than Black Mountain.
Chimney Rock Village
Chimney Rock Village is about 12 miles south of Black Mountain. The housing prices there are fairly similar. The median home cost in Chimney Rock Village is $220,000, which comes out to $6,700 (3%) lower than Black Mountain. The rent there is somewhat less expensive. The median monthly rent in Chimney Rock Village is $704, which is $87 (12%) lower than Black Mountain.
