This is the most expensive neighborhood in NC and what it costs to own a home there
A North Carolina mountain community has the priciest homes in the state.
A recent report from CashNetUSA, an online lender, ranked Linville as the most expensive neighborhood in North Carolina, with an average home price of about $3.7 million.
That’s roughly 12 times the cost of the average home in North Carolina, according to Zillow.
The ranking is part of a list of the most expensive neighborhoods in every state based on Zillow data.
To compile the rankings, CashNetUSA used Zillow real estate data to group together neighborhoods of towns and cities in all 50 states. It then calculated the average price in each community by adding house prices in each area and dividing them by the number of properties.
About Linville
Linville is a small resort community nestled in the Blue Ridge Mountains in Avery County, 110 miles northwest of Charlotte. It has a population of 321, according to the latest U.S. Census data.
The community is adjacent to Grandfather Mountain home to one of North America’s largest Highland Games, an event that celebrates the Scottish ancestry of many pioneers who settled in the area.
The Linville Historic District, which includes nearly 100 buildings constructed between 1892 and 1940, was added to the National Register of Historic Places in 1979.
10 most expensive U.S. neighborhoods
Below is a list of the 10 most expensive neighborhoods in the U.S. and their average house prices, according to CashNetUSA.
Manalapan, Florida: $39,761,000
Palm Island, Florida: $27,624,833
Snowmass, Colorado: $23,568,750
Beverly Hills Gateway, California: $22,771,957
Port Royal, Florida: $22,032,667
Golden Beach, Florida: $18,659,412
Bel Air, California: $18,581,775
SouthHampton Village, New York: $16,719,714
Sagaponack, New York: $16,016,944
Trousdale Estates, California: $15,870,100
