Boonville, NC—27011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boonville, NC
As of Oct '25, the median home price in Boonville, NC is $224,000, with a year-over-year change of -1.0%. This indicates that home prices in Boonville, NC are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $224,000 | -1.0% |
| Single Family | $223,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -2.7% |
3 Bed | $238,000 | 0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boonville, NC
As of July '25, Rentcast reports the average rent in Boonville, NC is $950, with a year-over-year rent change of 11.8%. Per bedroom, the median rent as of July '25 in Boonville, NC is 2-bedrooms: $950. The most common rental property sizes in Boonville, NC are 2-bedroom and 3-bedroom, accounting for 56.2% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boonville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Boonville, NC is 112. This is a increase of 91.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $353,000 | 26.0% |
Listing Count | 11 | 38.0% |
| Listings as % of Homes | 0.5% | 38.0% |
Days on Market | 112 | 91.0% |
Demographics — Boonville, NC
As of the latest ACS Survey released in 2023, Boonville, NC has a population of 5,110, which has decreased by -5.0% over the past 5 years. Boonville, NC is a less popular place for families, as children make up 14.6% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,110 | -5.0% |
% Under 18 | 14.6% | -30.1% |
% Seniors | 23.8% | 20.2% |
% WFH | 7.7% | -4.9% |
% w/ College Degree | 19.6% | 59.3% |
As of the latest ACS Survey released in 2023, Boonville, NC is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Boonville, NC is hispanic, making up 8.0% of the population. Foreign-born residents account for 5.4% of the population in Boonville, NC, and this percentage has increased by 184.2% 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 | 87.4% | -0.8% |
% Black | 2.5% | -69.9% |
% Hispanic | 8.0% | 142.4% |
% Asian | 0.2% | ∞% |
% Foreign Born | 5.4% | 184.2% |
Mortgage and Risk — Boonville, NC
According to HUD data as of 2023, there were 92 mortgage originations in Boonville, NC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Boonville, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Boonville, NC
Boonville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 13.2% |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | $50 | $950 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Boonville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $224,000 |
| Median Household Income | $66,900 |