Climax, NC—27233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Climax, NC
As of Oct '25, the median home price in Climax, NC is $277,000, with a year-over-year change of 5.5%. This indicates that home prices in Climax, NC are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 5.5% |
| Single Family | $279,000 | 6.9% |
| 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 | $305,000 | 6.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Climax, NC
As of July '25, Rentcast reports the average rent in Climax, NC is $1,000, with a year-over-year rent change of -47.4%. Per bedroom, the median rent as of July '25 in Climax, NC is 3-bedrooms: $1,000. The most common rental property sizes in Climax, NC are 3-bedroom and 2-bedroom, accounting for 79.6% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Climax, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Climax, NC is 50. This is a decrease of -11.0% 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 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 | $346,000 | -2.0% |
Listing Count | 12 | 71.0% |
| Listings as % of Homes | 0.1% | 71.0% |
Days on Market | 50 | -11.0% |
Demographics — Climax, NC
As of the latest ACS Survey released in 2023, Climax, NC has a population of 3,410, which has decreased by -6.3% over the past 5 years. Climax, NC is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 13.9% 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 | 3,410 | -6.3% |
% Under 18 | 25.8% | 53.6% |
% Seniors | 18.0% | 2.9% |
% WFH | 3.4% | -66.7% |
% w/ College Degree | 13.9% | -28.4% |
As of the latest ACS Survey released in 2023, Climax, NC is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Climax, NC is hispanic, making up 6.1% of the population. Foreign-born residents account for 2.0% of the population in Climax, 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 | 88.0% | -8.3% |
% Black | 2.1% | -8.7% |
% Hispanic | 6.1% | 510.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 2.0% | 300.0% |
Mortgage and Risk — Climax, NC
According to HUD data as of 2023, there were 73 mortgage originations in Climax, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Climax, NC. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Climax, NC
Climax, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | $350 | $1,000 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Climax, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $277,000 |
| Median Household Income | $71,400 |