King, NC—27021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — King, NC
As of Oct '25, the median home price in King, NC is $264,000, with a year-over-year change of 3.0%. This indicates that home prices in King, NC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 3.0% |
| Single Family | $263,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 4.5% |
3 Bed | $260,000 | 3.2% |
4 Bed | $360,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — King, NC
As of July '25, Rentcast reports the average rent in King, NC is $1,540, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in King, NC is 2-bedrooms: $1,000, 3-bedrooms: $1,650, 4-bedrooms: $2,100. The most common rental property sizes in King, NC are 3-bedroom and 2-bedroom, accounting for 46.5% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,040 | $1,000 |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | $2,000 | $2,100 |
% of Rental Stock
Property Listings — King, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in King, NC is 76. This is a increase of 47.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | -3.0% |
Listing Count | 100 | 55.0% |
| Listings as % of Homes | 0.8% | 55.0% |
Days on Market | 76 | 47.0% |
Demographics — King, NC
As of the latest ACS Survey released in 2023, King, NC has a population of 17,000, which has decreased by -2.9% over the past 5 years. King, NC is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | -2.9% |
% Under 18 | 18.5% | -8.9% |
% Seniors | 22.2% | 16.8% |
% WFH | 6.3% | 37.0% |
% w/ College Degree | 24.1% | 65.1% |
As of the latest ACS Survey released in 2023, King, NC is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in King, NC is hispanic, making up 4.1% of the population. Foreign-born residents account for 2.9% of the population in King, NC, and this percentage has increased by 26.1% 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 | 90.7% | -2.5% |
% Black | 1.6% | -36.0% |
% Hispanic | 4.1% | 17.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.9% | 26.1% |
Mortgage and Risk — King, NC
According to HUD data as of 2023, there were 395 mortgage originations in King, NC, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in King, NC. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 395 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — King, NC
King, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 227 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | $50 | $1,040 | $1,090 |
| 3 Bedroom | -$220 | $1,650 | $1,430 |
| 4 Bedroom | -$320 | $2,000 | $1,680 |
Affordability — King, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $264,000 |
| Median Household Income | $61,700 |