Efland, NC—27243
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Efland, NC
As of Oct '25, the median home price in Efland, NC is $392,000, with a year-over-year change of -0.2%. This indicates that home prices in Efland, NC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | -0.2% |
| Single Family | $392,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | -2.0% |
3 Bed | $391,000 | -0.3% |
4 Bed | $636,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Efland, NC
As of July '25, Rentcast reports the average rent in Efland, NC is $3,400, with a year-over-year rent change of 94.3%. Detailed rent data by bedroom size is not available for Efland, NC. The most common rental property sizes in Efland, NC are 2-bedroom and 3-bedroom, accounting for 45.5% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,400 |
| 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 — Efland, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Efland, NC is 98. This is a decrease of -3.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $784,000 | -14.0% |
Listing Count | 23 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 98 | -3.0% |
Demographics — Efland, NC
As of the latest ACS Survey released in 2023, Efland, NC has a population of 5,510, which has increased by 24.3% over the past 5 years. Efland, NC is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 36.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,510 | 24.3% |
% Under 18 | 21.9% | 21.0% |
% Seniors | 21.2% | 5.5% |
% WFH | 17.8% | 125.3% |
% w/ College Degree | 36.3% | 11.0% |
As of the latest ACS Survey released in 2023, Efland, NC is a predominantly white area, with 85.5% of the population identifying as white. The white population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Efland, NC is black, making up 6.3% of the population. Foreign-born residents account for 4.6% of the population in Efland, NC, and this percentage has increased by 84.0% 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 | 85.5% | 11.5% |
% Black | 6.3% | -57.7% |
% Hispanic | 3.9% | 44.4% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 4.6% | 84.0% |
Mortgage and Risk — Efland, NC
According to HUD data as of 2023, there were 137 mortgage originations in Efland, NC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Efland, NC. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Efland, NC
Efland, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,470 |
| 3 Bedroom | N/A | N/A | $1,850 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Efland, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $392,000 |
| Median Household Income | $88,700 |