Ararat, NC—27007
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ararat, NC
As of Oct '25, the median home price in Ararat, NC is $265,000, with a year-over-year change of 5.2%. This indicates that home prices in Ararat, NC are increasing. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 5.2% |
| Single Family | $266,000 | 7.7% |
| 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 — Ararat, NC
Ararat, NC 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 — Ararat, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ararat, NC is 54. This is a decrease of -30.0% 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 | $607,000 | 34.0% |
Listing Count | 5 | 56.0% |
| Listings as % of Homes | 0.1% | 56.0% |
Days on Market | 54 | -30.0% |
Demographics — Ararat, NC
As of the latest ACS Survey released in 2023, Ararat, NC has a population of 2,290, which has increased by 2.9% over the past 5 years. Ararat, NC is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,290 | 2.9% |
% Under 18 | 24.7% | 38.0% |
% Seniors | 23.1% | 36.7% |
% WFH | 1.2% | -81.5% |
% w/ College Degree | 20.9% | 53.7% |
As of the latest ACS Survey released in 2023, Ararat, NC is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 24.9% in the last 5 years. The second most common race or ethnicity in Ararat, NC is hispanic, making up 27.7% of the population. Foreign-born residents account for 16.2% of the population in Ararat, NC, and this percentage has increased by 268.2% 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 | 70.7% | -24.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 27.7% | 669.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 16.2% | 268.2% |
Mortgage and Risk — Ararat, NC
According to HUD data as of 2023, there were 47 mortgage originations in Ararat, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ararat, NC. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ararat, NC
Ararat, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Ararat, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $265,000 |
| Median Household Income | $85,900 |