Tobaccoville, NC—27050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tobaccoville, NC
As of Oct '25, the median home price in Tobaccoville, NC is $261,000, with a year-over-year change of 1.9%. This indicates that home prices in Tobaccoville, NC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 1.9% |
| Single Family | $261,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | 1.5% |
3 Bed | $266,000 | 2.3% |
4 Bed | $391,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tobaccoville, NC
As of July '25, Rentcast reports the average rent in Tobaccoville, NC is $1,350, with a year-over-year rent change of -48.1%. Per bedroom, the median rent as of July '25 in Tobaccoville, NC is 3-bedrooms: $1,350. The most common rental property sizes in Tobaccoville, NC are 3-bedroom and 2-bedroom, accounting for 53.3% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tobaccoville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Tobaccoville, NC is 59. This is a increase of 8.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | -49.0% |
Listing Count | 13 | 41.0% |
| Listings as % of Homes | 0.3% | 41.0% |
Days on Market | 59 | 8.0% |
Demographics — Tobaccoville, NC
As of the latest ACS Survey released in 2023, Tobaccoville, NC has a population of 3,700, which has decreased by -7.4% over the past 5 years. Tobaccoville, NC is a moderately popular place for families, as children make up 16.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | -7.4% |
% Under 18 | 16.6% | -15.7% |
% Seniors | 17.9% | -6.8% |
% WFH | 8.7% | 74.0% |
% w/ College Degree | 21.7% | -4.8% |
As of the latest ACS Survey released in 2023, Tobaccoville, NC is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Tobaccoville, NC is black, making up 7.2% of the population. Foreign-born residents account for 2.8% of the population in Tobaccoville, NC, and this percentage has increased by 300.0% 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 | 86.8% | -4.3% |
% Black | 7.2% | 26.3% |
% Hispanic | 3.5% | 118.8% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 2.8% | 300.0% |
Mortgage and Risk — Tobaccoville, NC
According to HUD data as of 2023, there were 125 mortgage originations in Tobaccoville, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Tobaccoville, NC. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Tobaccoville, NC
Tobaccoville, 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 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | -$10 | $1,350 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Tobaccoville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $261,000 |
| Median Household Income | $85,800 |