Lowgap, NC—27024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lowgap, NC
As of Oct '25, the median home price in Lowgap, NC is $194,000, with a year-over-year change of -1.4%. This indicates that home prices in Lowgap, NC are decreasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | -1.4% |
| Single Family | $194,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $137,000 | 0.0% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lowgap, NC
Lowgap, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lowgap, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lowgap, NC is 37. This is a increase of 10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $754,000 | 62.0% |
Listing Count | 7 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 37 | 10.0% |
Demographics — Lowgap, NC
As of the latest ACS Survey released in 2023, Lowgap, NC has a population of 2,360, which has decreased by -25.0% over the past 5 years. Lowgap, NC is a moderately popular place for families, as children make up 15.5% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | -25.0% |
% Under 18 | 15.5% | -26.5% |
% Seniors | 29.2% | 51.3% |
% WFH | 5.1% | 325.0% |
% w/ College Degree | 21.5% | 60.4% |
As of the latest ACS Survey released in 2023, Lowgap, NC is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Lowgap, NC is hispanic, making up 3.7% of the population. Foreign-born residents account for 0.3% of the population in Lowgap, NC, and this percentage has decreased by 62.5% 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 | 94.0% | -2.7% |
% Black | 0.5% | ∞% |
% Hispanic | 3.7% | 8.8% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.3% | -62.5% |
Mortgage and Risk — Lowgap, NC
According to HUD data as of 2023, there were 32 mortgage originations in Lowgap, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lowgap, NC. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 32 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lowgap, NC
Lowgap, NC 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 | 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 | $740 |
| 2 Bedroom | $20 | $950 | $970 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Lowgap, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $194,000 |
| Median Household Income | $61,400 |