Mount Gilead, NC—27306
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Gilead, NC
Mount Gilead, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 2.8% |
| Single Family | $191,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 1.3% |
3 Bed | $304,000 | 3.4% |
4 Bed | $363,000 | 2.5% |
| 5 Bed | $614,000 | 4.2% |
% of Housing Stock
Rental Trends — Mount Gilead, NC
As of July '25, Rentcast reports the average rent in Mount Gilead, NC is $1,780, with a year-over-year rent change of -15.2%. Per bedroom, the median rent as of July '25 in Mount Gilead, NC is 1-bedrooms: $600, 3-bedrooms: $2,080, 4-bedrooms: $1,750. The most common rental property sizes in Mount Gilead, NC are 2-bedroom and 3-bedroom, accounting for 46.2% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,100 | $2,080 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Mount Gilead, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Gilead, NC is 90. This is a increase of 26.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | -41.0% |
Listing Count | 85 | 89.0% |
| Listings as % of Homes | 0.8% | 89.0% |
Days on Market | 90 | 26.0% |
Demographics — Mount Gilead, NC
As of the latest ACS Survey released in 2023, Mount Gilead, NC has a population of 5,460, which has decreased by -12.1% over the past 5 years. Mount Gilead, NC is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 18.2% 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 | 5,460 | -12.1% |
% Under 18 | 16.5% | -7.3% |
% Seniors | 27.0% | 7.6% |
% WFH | 3.4% | 126.7% |
% w/ College Degree | 18.2% | 73.3% |
As of the latest ACS Survey released in 2023, Mount Gilead, NC is a predominantly white area, with 64.2% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Mount Gilead, NC is black, making up 26.3% of the population. Foreign-born residents account for 5.5% of the population in Mount Gilead, NC, and this percentage has decreased by 26.7% 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 | 64.2% | 3.4% |
% Black | 26.3% | 0.0% |
% Hispanic | 2.1% | -66.1% |
% Asian | 6.1% | 41.9% |
% Foreign Born | 5.5% | -26.7% |
Mortgage and Risk — Mount Gilead, NC
According to HUD data as of 2023, there were 151 mortgage originations in Mount Gilead, NC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Gilead, NC. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 151 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Mount Gilead, NC
Mount Gilead, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $600 | $850 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | -$750 | $2,100 | $1,350 |
| 4 Bedroom | -$30 | $1,750 | $1,720 |
Affordability — Mount Gilead, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $192,000 |
| Median Household Income | $57,200 |