North Truro—02652
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Truro
As of Oct '25, the median home price in North Truro is $734,000, with a year-over-year change of 0.7%. This indicates that home prices in North Truro are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $734,000 | 0.7% |
| Single Family | $1,104,000 | -2.1% |
| 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 — North Truro
North Truro lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Truro
As of Oct '25, Realtor.com reports that the median days on market for a home in North Truro is 50. This is a decrease of -9.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 11.0% |
Listing Count | 5 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 50 | -9.0% |
Demographics — North Truro
As of the latest ACS Survey released in 2023, North Truro has a population of 924, which has increased by 21.4% over the past 5 years. North Truro is a less popular place for families, as children make up 0.0% of the population. The area has a moderately educated workforce, with 40.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 42.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 924 | 21.4% |
% Under 18 | 0.0% | -100.0% |
% Seniors | 53.8% | 67.6% |
% WFH | 42.3% | 145.9% |
% w/ College Degree | 40.8% | -9.7% |
As of the latest ACS Survey released in 2023, North Truro is a predominantly white area, with 100.0% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in North Truro is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in North Truro, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 100.0% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — North Truro
According to HUD data as of 2023, there were 88 mortgage originations in North Truro, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in North Truro. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 55.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — North Truro
North Truro lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,430 |
| 2 Bedroom | N/A | N/A | $1,880 |
| 3 Bedroom | N/A | N/A | $2,290 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — North Truro
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $734,000 |
| Median Household Income | N/A |