Asheboro, NC—27203
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Asheboro, NC
Home Price Trends — Asheboro, NC
As of Oct '25, the median home price in Asheboro, NC is $196,000, with a year-over-year change of 0.8%. This indicates that home prices in Asheboro, NC are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 0.8% |
| Single Family | $196,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | 3.6% |
3 Bed | $211,000 | 2.4% |
4 Bed | $235,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Asheboro, NC
As of July '25, Rentcast reports the average rent in Asheboro, NC is $1,080, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Asheboro, NC is studios: $779, 1-bedrooms: $756, 2-bedrooms: $1,140, 3-bedrooms: $1,360, 4-bedrooms: $1,860. The most common rental property sizes in Asheboro, NC are 2-bedroom and 1-bedroom, accounting for 43.2% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,080 |
| Studio Rent | $779 | $779 |
| 1 Bed Rent | $700 | $756 |
| 2 Bed Rent | $1,040 | $1,140 |
| 3 Bed Rent | $1,400 | $1,360 |
| 4 Bed Rent | $1,900 | $1,860 |
% of Rental Stock
Property Listings — Asheboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Asheboro, NC is 49. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 4.0% |
Listing Count | 66 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 49 | -2.0% |
Demographics — Asheboro, NC
As of the latest ACS Survey released in 2023, Asheboro, NC has a population of 22,600, which has increased by 4.4% over the past 5 years. Asheboro, NC is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | 4.4% |
% Under 18 | 28.3% | 13.2% |
% Seniors | 15.4% | 0.0% |
% WFH | 2.8% | 300.0% |
% w/ College Degree | 17.3% | 35.2% |
As of the latest ACS Survey released in 2023, Asheboro, NC is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Asheboro, NC is hispanic, making up 28.1% of the population. Foreign-born residents account for 11.7% of the population in Asheboro, NC, and this percentage has decreased by 20.4% 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 | 51.0% | -6.4% |
% Black | 14.7% | -8.1% |
% Hispanic | 28.1% | 8.1% |
% Asian | 1.3% | 160.0% |
% Foreign Born | 11.7% | -20.4% |
Mortgage and Risk — Asheboro, NC
According to HUD data as of 2023, there were 359 mortgage originations in Asheboro, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Asheboro, NC. Investor activity is low, as 3.0% 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 | 359 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Asheboro, NC
As of 2024, the percent of homes in Asheboro, NC under the Section 8 program is 13.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Asheboro, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 931 |
Total Units Section 8 | 735 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 78.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $700 | $940 |
| 2 Bedroom | $20 | $1,040 | $1,060 |
| 3 Bedroom | -$50 | $1,400 | $1,350 |
| 4 Bedroom | -$380 | $1,900 | $1,520 |
Affordability — Asheboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $196,000 |
| Median Household Income | $47,500 |