Walnut Cove, NC—27052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walnut Cove, NC
As of Oct '25, the median home price in Walnut Cove, NC is $223,000, with a year-over-year change of 2.1%. This indicates that home prices in Walnut Cove, NC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 2.2% |
| Single Family | $222,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 3.7% |
3 Bed | $234,000 | 3.5% |
4 Bed | $306,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Walnut Cove, NC
As of July '25, Rentcast reports the average rent in Walnut Cove, NC is $1,230, with a year-over-year rent change of 20.6%. Per bedroom, the median rent as of July '25 in Walnut Cove, NC is 2-bedrooms: $1,120, 3-bedrooms: $1,520. The most common rental property sizes in Walnut Cove, NC are 2-bedroom and 3-bedroom, accounting for 56.3% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,120 |
| 3 Bed Rent | $1,400 | $1,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Walnut Cove, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Walnut Cove, NC is 75. This is a increase of 6.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $354,000 | 11.0% |
Listing Count | 23 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 75 | 6.0% |
Demographics — Walnut Cove, NC
As of the latest ACS Survey released in 2023, Walnut Cove, NC has a population of 10,600, which has increased by 7.0% over the past 5 years. Walnut Cove, NC is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | 7.0% |
% Under 18 | 21.8% | 17.8% |
% Seniors | 18.9% | -15.6% |
% WFH | 3.4% | 209.1% |
% w/ College Degree | 16.1% | 36.4% |
As of the latest ACS Survey released in 2023, Walnut Cove, NC is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Walnut Cove, NC is black, making up 8.5% of the population. Foreign-born residents account for 1.3% of the population in Walnut Cove, NC, and this percentage has increased by 30.0% 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 | 83.9% | -1.2% |
% Black | 8.5% | -18.3% |
% Hispanic | 4.4% | 193.3% |
% Asian | 0.1% | -93.3% |
% Foreign Born | 1.3% | 30.0% |
Mortgage and Risk — Walnut Cove, NC
According to HUD data as of 2023, there were 188 mortgage originations in Walnut Cove, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Walnut Cove, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Walnut Cove, NC
Walnut Cove, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | $5 | $995 | $1,000 |
| 3 Bedroom | -$90 | $1,400 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Walnut Cove, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $223,000 |
| Median Household Income | $57,900 |