Much like its nearby areas, it is a lot less expensive compared to the rest of the nation. It's significantly less expensive compared to the city of Asheville.
Home prices
The value of the median home in Mountain City is $141,500. In comparison to its nearby areas it is about $3,000 (2%) higher.It is roughly $76,000 (34%) lower in comparison to the US as a whole, and in comparison to the city of Asheville is approximately $128,900 (47%) lower.
Rents
Mountain City's median rent is $426 a month. This is about $189 (30%) lower in comparison to its surrounding areas.It is roughly $636 (59%) lower compared to the United States as a whole, and in comparison to the city of Asheville it is roughly $617 (59%) lower.
Nearby places
Damascus
Damascus is roughly 11 miles north of Mountain City. Its housing prices are a bit less expensive. The value of the median home in Damascus is $117,500, which is $24,000 (20%) lower than Mountain City. The rent there is a little more expensive. Damascus's median monthly rent is $536, which works out to $110 (20%) higher than Mountain City.
Cove Creek
Cove Creek is approximately 13 miles south of Mountain City. The real estate prices there are a little more expensive. The median home price in Cove Creek is $188,900, which works out to $47,400 (25%) higher than Mountain City. Rents there are significantly more expensive. In Cove Creek the median monthly rent is $783, which comes out to $357 (45%) higher than Mountain City.
Lansing
Lansing is approximately 14 miles east of Mountain City. The housing prices there are significantly less expensive. The median home value in Lansing is $75,000, which works out to $66,500 (88%) lower than Mountain City. Its rents are a lot more expensive. The median monthly rent in Lansing is $631, which comes out to $205 (32%) higher than Mountain City.
West Jefferson
West Jefferson is roughly 16 miles east from Mountain City. Its real estate prices are a bit more expensive. The median home cost in West Jefferson is $156,700, which is $15,200 (9%) higher than Mountain City. The rent there is a little more expensive. West Jefferson's median rent is $574 a month, which works out to $148 (25%) higher than Mountain City.
Jefferson
Jefferson is roughly 16 miles east of Mountain City. The housing prices there are a little more expensive. The median home in Jefferson costs $154,400, which is $12,900 (8%) higher than Mountain City. Rents there are somewhat more expensive. Jefferson's median rent is $550 a month, which works out to $124 (22%) higher than Mountain City.
