Asheboro, NC—27205
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 $255,000, with a year-over-year change of 2.6%. This indicates that home prices in Asheboro, NC are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 2.6% |
| Single Family | $255,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 2.7% |
3 Bed | $270,000 | 3.8% |
4 Bed | $327,000 | 6.2% |
| 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 $1,260, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Asheboro, NC is 1-bedrooms: $852, 2-bedrooms: $1,280, 3-bedrooms: $1,450. The most common rental property sizes in Asheboro, NC are 2-bedroom and 3-bedroom, accounting for 36.8% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $852 |
| 2 Bed Rent | $1,400 | $1,280 |
| 3 Bed Rent | $1,350 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% 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 45. This is a increase of 21.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | 2.0% |
Listing Count | 104 | 55.0% |
| Listings as % of Homes | 0.4% | 55.0% |
Days on Market | 45 | 21.0% |
Demographics — Asheboro, NC
As of the latest ACS Survey released in 2023, Asheboro, NC has a population of 36,200, which has increased by 4.9% over the past 5 years. Asheboro, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | 4.9% |
% Under 18 | 20.5% | -13.5% |
% Seniors | 19.7% | 10.1% |
% WFH | 8.2% | 192.9% |
% w/ College Degree | 19.8% | 5.9% |
As of the latest ACS Survey released in 2023, Asheboro, NC is a predominantly white area, with 76.7% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Asheboro, NC is hispanic, making up 14.6% of the population. Foreign-born residents account for 6.7% of the population in Asheboro, NC, and this percentage has increased by 11.7% 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 | 76.7% | -6.8% |
% Black | 5.0% | 28.2% |
% Hispanic | 14.6% | 27.0% |
% Asian | 0.6% | -25.0% |
% Foreign Born | 6.7% | 11.7% |
Mortgage and Risk — Asheboro, NC
According to HUD data as of 2023, there were 640 mortgage originations in Asheboro, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Asheboro, 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 | 640 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Asheboro, NC
Asheboro, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 101 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $775 | $940 |
| 2 Bedroom | -$340 | $1,400 | $1,060 |
| 3 Bedroom | $0 | $1,350 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Asheboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $255,000 |
| Median Household Income | $63,600 |