Horse Shoe CDP North Carolina Area Home Supply Charts

This page looks at a variety of Horse Shoe CDP North Carolina housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Horse Shoe CDP shows it has a Housing Units of 906 which is the second smallest in order of housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the Horse Shoe CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Horse Shoe CDP depicts it has a Housing Density of 121.4 which is the smallest in order of housing density of all the other places in the metro area. The place with the highest housing density in the area is Laurel Park which shows a density of 507.4 (approximately 4.2 times bigger). Comparing housing density to the United States average of 39.2, Horse Shoe CDP is approximately 3.1 times bigger. Also, measured against the state of North Carolina, housing density of 96.3, Horse Shoe CDP is 26.0% larger.

In Figure 4, Horse Shoe CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Horse Shoe CDP shows it has a Housing Unit Change of -14.3% which is the second smallest when ranked by change in the housing units of all the other places in the local area. The place with the highest change in the housing units in the area is Balfour CDP which depicts a housing units of 28.2% (about twice as large). Comparing change in the housing units to the United States average of 6.5%, Horse Shoe CDP is approximately 2.2 times bigger. Also, in comparison with the state of North Carolina, change in the housing units of 8.3%, Horse Shoe CDP is 71.9% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Horse Shoe CDP shows it has a Renter Percent of 11.2% which is the smallest when sorted by renter percent of all the other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 88.8% which is is the uppermost of the places in the greater Horse Shoe CDP region.

Horse Shoe CDP North Carolina Home Cost Charts

Looking at the housing data provided in Figure 7, the average Horse Shoe CDP home price is illustrated for this community and a useful analysis of affordable housing. Horse Shoe CDP shows it has a Median Home Value of $274,000 which is the third most median home prices of all other places in the greater Horse Shoe CDP region. The place with the highest median home price in the area is Mills River which depicts a home price of $285,600 (only about 4.2% larger). Figure 8 provides aggregate comparative data for the Horse Shoe CDP North Carolina metro area in terms of the median housing rental rate, apartment rent, etc. Horse Shoe CDP depicts it has a Median Gross Rent of $866 which is in the mid range of other places in the greater region. The place with the highest rental rates in the area is Mills River which shows a rental rates of $1,046 (20.8% larger). Comparing rental rates to the United States average of $1,096, Horse Shoe CDP is approximately three-fourths the size. Also, benchmarked against the state of North Carolina, rental rates of $932, Horse Shoe CDP is about 7.6% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Horse Shoe CDP has the percentage of home price worth between $50,000 to $100,000 the second smallest as measured by home price worth less than $50,000 of all the other places in the surrounding region at 15% of the total. Second, it has the largest proportion of home price worth between $100,000 to $200,000 at 41% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Horse Shoe CDP depicts it has a Median Owner Cost of $891 which is less than most other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Horse Shoe CDP metro area. it has a Owner Cost as % of HH Income of 16% which is the second most cost as a percent of household income of all the places in the greater Horse Shoe CDP region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Horse Shoe CDP shows it has a Median Home Value as Percent of Median Earnings of 515% which is the smallest when sorted by median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Horse Shoe CDP shows it has a Median Owner Costs-With Mortgage of $1,395 which is the second most median housing cost of all the places in the greater Horse Shoe CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $461 which is the second most median housing cost of all the places in the greater Horse Shoe CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Horse Shoe CDP has one of the largest proportions of owner cost less than $300 at 20% of the total and is ranked #3. Only #2 Valley Hill CDP (26%), and #1 Mountain Home CDP (28%) are larger. Second, it has the largest proportion of owner cost between $1,500 and $2,000 at 9% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Horse Shoe CDP depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the third most cost as a percent of household income of all other places in the greater Horse Shoe CDP region. The place with the highest cost as a percent of household income in the area is Mills River which depicts a cost as a percent of household income of 21% (only about 5.5% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Horse Shoe CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the places in the greater Horse Shoe CDP region. The place with the highest cost as a percent of household income in the area is Mountain Home CDP which depicts a cost as a percent of household income of 10% (15.6% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Horse Shoe CDP has the percentage of rent as a percent of income is less than 10 pct the second smallest in terms of rent as a percent of income is less than 10 pct of all the other places in the local area at 11% of the total. Second, it has the second smallest in order of rent as a percent of income is less than 10 pct of all the other places in the local area when ranked by rent as a percent of income is between 10pct to 20pct at 9% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 37% of the total and is ranked #2. The only larger place being Valley Hill CDP with 55%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Horse Shoe CDP has the largest proportion of housing cost less than $300 at 17% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,685 which is the second most of all the places in the local area. The place with the highest median real estate taxes paid in the area is Laurel Park which depicts a taxes paid of $2,129 (26.4% larger). Comparing median real estate taxes paid to the United States average of $2,551, Horse Shoe CDP is approximately three-fourths the size. Also, in comparison with the state of North Carolina, median real estate taxes paid of $1,489, Horse Shoe CDP is 13.2% larger.

Figure 23 shows the rental rate distribution for this area. Horse Shoe CDP North Carolina has the largest proportion of rent between 500 and 750 dollars at 57% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 21% of the total and is ranked #2. The only larger place being Mills River with 31%.

Horse Shoe CDP North Carolina Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Horse Shoe CDP has the percentage of With mortgage less than most other places in the local area at 46% of the total. Second, it has the largest proportion of No 2nd Mortgage or HELOC at 13% of the total and is ranked #1. Third, it has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 13% of the total and is ranked #1. Also, it has in the mid range of other places in the surrounding region when sorted by With HELOC no Primary Mortgage at 41% of the total.

Horse Shoe CDP North Carolina Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is in the mid point range of other places in the surrounding region. The place with the highest family members per housing unit in the area is Balfour CDP which shows a family members per housing unit of 3.2 (9.5% larger). Comparing family members per housing unit to the United States average of 3.3, Horse Shoe CDP is about 13.9% smaller. Also, compared to the state of North Carolina, family members per housing unit of 3.2, Horse Shoe CDP is about 9.5% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.6 which is the highest of all places in the greater Horse Shoe CDP region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1992 which is more than all other places in the greater Horse Shoe CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 22% of the total and is ranked #3. Only #2 Etowah CDP (23%), and #1 Mills River (24%) are larger. Second, it has the largest proportion of homes built between 2000 to 2009 at 32% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1970 to 1979 at 4% of the total. Also, it has less than most other places in the surrounding region when ranked by homes built between 1960 to 1969 at 3% of the total. In addition, it has one of the largest proportions of homes built between 1940 to 1949 at 7% of the total and is ranked #2. The only larger place being Laurel Park with 9%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 92 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 20 to 49 units at 1% of the total and is ranked #1. Second, it has one of the largest proportions of 50 or more units at 13% of the total and is ranked #3. Only #2 Mills River (17%), and #1 Mountain Home CDP (19%) are larger.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $319,800 of the total and is ranked #3. Only #2 Mills River ($340,200), and #1 Laurel Park ($377,800) are larger. Second, it has less than most other places in the metro area when ranked by value of homes built 2000 to 2009 at $264,500 of the total. Third, it has the largest proportion of value of homes built 1990 to 1999 at $319,700 of the total and is ranked #1. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $284,000 of the total and is ranked #2. The only larger place being Mills River with $286,100. In addition, it has one of the largest proportions of value of homes built 1940 to 1949 at $187,500 of the total and is ranked #3. Only #2 Laurel Park ($234,600), and #1 Etowah CDP ($253,600) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Horse Shoe CDP residents. it has a Owner-Household Size of 2.6 which is the second most homeowner household size of all the places in the greater Horse Shoe CDP region. The place with the highest homeowner household size in the area is Mountain Home CDP which depicts a homeowner household size of 2.9 (9.5% larger).

Figure 37 shows the household size for renters. Horse Shoe CDP shows it has a Renter-Household Size of 2.8 which is the second most renter household sizes of all the places in the greater Horse Shoe CDP region. The place with the highest renter household size in the area is Valley Hill CDP which depicts a renter household sizes of 2.8 ( only slightly larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later in the mid range of other places in the local area at 25% of the total. Second, it has the second smallest in order of owners moved in 2019 or later of all the other places in the area when ranked by owners moved in 2015 to 2018 at 12% of the total. Third, it has one of the largest proportions of owners moved in 2010 to 2014 at 39% of the total and is ranked #3. Only #2 Laurel Park (41%), and #1 Balfour CDP (42%) are larger. Figure 39 shows the year that people who rent moved into the area. Horse Shoe CDP has one of the largest proportions of renters moved in 2019 or later at 51% of the total and is ranked #3. Only #2 Mountain Home CDP (69%), and #1 Mills River (73%) are larger. Second, it has the smallest proportion of renters moved in 2015 to 2018 at 7% of the total. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 29% of the total and is ranked #3. Only #2 Balfour CDP (29%), and #1 Etowah CDP (30%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is the smallest when sorted by median year that a home owner moved in of all the other places in the metro area. Figure 41 compares the median year that renters moved into their home. Horse Shoe CDP depicts it has a Renter Median Year Moved In of 2016 which is the third most median year that a renter moved in of all other places in the greater Horse Shoe CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using wood at 1% of the total and is ranked #1.