Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,219, 1,255 total housing units (homes and apartments), and a median house value of $286,776, Lake Junaluska real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lake Junaluska, accounting for 75.22% of the town's housing units. Other types of housing that are prevalent in Lake Junaluska include duplexes, homes converted to apartments or other small apartment buildings ( 8.33%), mobile homes or trailers ( 7.53%), and a few large apartment complexes or high rise apartments ( 5.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Junaluska. Owner-occupied housing accounts for 78.88% of Lake Junaluska's homes, and 70.81% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lake Junaluska's housing was primarily built during this period, from the '40s through the '60s. A full 41.63% of the town's housing hails from this era. Other housing ages represented in Lake Junaluska include homes built between 1970-1999 ( 38.31%) and housing constructed between 2000 and later ( 14.47%). There's also some housing in Lake Junaluska built before 1939 ( 5.60%).
A decent proportion of the Lake Junaluska housing stock is seasonally occupied. That is, homes and condos in Lake Junaluska are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Junaluska housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Lake Junaluska have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.48%, which ranks in the top 40% nationwide. This equates to an annual average Lake Junaluska house appreciation rate of 7.10%.
Over the last year, Lake Junaluska appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Junaluska's appreciation rate has been 0.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Junaluska were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, Lake Junaluska's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Lake Junaluska's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$286,776
for North carolina
for nation
1,255
$2,005 / per month