Onset—02558
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Onset
Onset lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Onset
As of July '25, Rentcast reports the average rent in Onset is $2,020, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Onset is 2-bedrooms: $2,130, 3-bedrooms: $1,500. The most common rental property sizes in Onset are 2-bedroom and 4-bedroom, accounting for 66.4% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,130 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Onset
As of Oct '25, Realtor.com reports that the median days on market for a home in Onset is 89. This is a decrease of -32.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 73.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -15.0% |
Listing Count | 11 | 13.0% |
| Listings as % of Homes | N/A | 13.0% |
Days on Market | 89 | -32.0% |
Demographics — Onset
As of the latest ACS Survey released in 2023, Onset has a population of 1,660, which has increased by 44.7% over the past 5 years. Onset is a moderately popular place for families, as children make up 16.9% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,660 | 44.7% |
% Under 18 | 16.9% | 48.2% |
% Seniors | 28.3% | -16.5% |
% WFH | 24.3% | ∞% |
% w/ College Degree | 16.2% | -8.0% |
As of the latest ACS Survey released in 2023, Onset is a predominantly white area, with 63.7% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Onset is hispanic, making up 18.6% of the population. Foreign-born residents account for 7.1% of the population in Onset, and this percentage has increased by 77.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.7% | -10.2% |
% Black | 3.2% | 18.5% |
% Hispanic | 18.6% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 7.1% | 77.5% |
Mortgage and Risk — Onset
According to HUD data as of 2023, there were 117 mortgage originations in Onset, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Onset. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 6.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Onset
Onset lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,140 |
| 2 Bedroom | $550 | $2,000 | $2,550 |
| 3 Bedroom | $1,580 | $1,500 | $3,080 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Onset
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $58,600 |