Cedar Grove, NC—27231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Grove, NC
As of Oct '25, the median home price in Cedar Grove, NC is $393,000, with a year-over-year change of 2.9%. This indicates that home prices in Cedar Grove, NC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $393,000 | 2.9% |
| Single Family | $392,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $398,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Grove, NC
Cedar Grove, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Grove, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Grove, NC is 155. This is a increase of 126.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | 41.0% |
Listing Count | 11 | 94.0% |
| Listings as % of Homes | 0.5% | 94.0% |
Days on Market | 155 | 126.0% |
Demographics — Cedar Grove, NC
As of the latest ACS Survey released in 2023, Cedar Grove, NC has a population of 2,170, which has increased by 10.7% over the past 5 years. Cedar Grove, NC is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,170 | 10.7% |
% Under 18 | 19.0% | 15.9% |
% Seniors | 29.8% | 38.0% |
% WFH | 13.4% | 139.3% |
% w/ College Degree | 31.9% | 31.8% |
As of the latest ACS Survey released in 2023, Cedar Grove, NC is a predominantly white area, with 65.9% of the population identifying as white. The white population has grown by 18.1% in the last 5 years. The second most common race or ethnicity in Cedar Grove, NC is black, making up 22.3% of the population. Foreign-born residents account for 5.4% of the population in Cedar Grove, NC, and this percentage has increased by 28.6% 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 | 65.9% | 18.1% |
% Black | 22.3% | -31.8% |
% Hispanic | 4.0% | -48.1% |
% Asian | 1.2% | 1,100.0% |
% Foreign Born | 5.4% | 28.6% |
Mortgage and Risk — Cedar Grove, NC
According to HUD data as of 2023, there were 35 mortgage originations in Cedar Grove, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cedar Grove, NC. Investor activity is low, as 0.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 26.0% |
Loan Activity
Rentals and Section 8 — Cedar Grove, NC
Cedar Grove, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,340 |
| 2 Bedroom | N/A | N/A | $1,560 |
| 3 Bedroom | N/A | N/A | $1,980 |
| 4 Bedroom | N/A | N/A | $2,320 |
Affordability — Cedar Grove, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $393,000 |
| Median Household Income | $57,200 |