Pittsboro, NC—27312
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pittsboro, NC
As of Oct '25, the median home price in Pittsboro, NC is $557,000, with a year-over-year change of 0.3%. This indicates that home prices in Pittsboro, NC are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $557,000 | 0.3% |
| Single Family | $559,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 1.1% |
3 Bed | $504,000 | 0.4% |
4 Bed | $794,000 | 1.8% |
| 5 Bed | $871,000 | 2.6% |
% of Housing Stock
Rental Trends — Pittsboro, NC
As of July '25, Rentcast reports the average rent in Pittsboro, NC is $1,830, with a year-over-year rent change of -16.8%. Per bedroom, the median rent as of July '25 in Pittsboro, NC is studios: $1,470, 1-bedrooms: $1,380, 2-bedrooms: $1,790, 3-bedrooms: $2,210, 4-bedrooms: $3,520. The most common rental property sizes in Pittsboro, NC are 2-bedroom and 3-bedroom, accounting for 46.4% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,660 | $1,830 |
| Studio Rent | $1,460 | $1,470 |
| 1 Bed Rent | $1,390 | $1,380 |
| 2 Bed Rent | $1,800 | $1,790 |
| 3 Bed Rent | $2,100 | $2,210 |
| 4 Bed Rent | $3,500 | $3,520 |
% of Rental Stock
Property Listings — Pittsboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pittsboro, NC is 71. This is a increase of 4.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $893,000 | 10.0% |
Listing Count | 251 | 6.0% |
| Listings as % of Homes | 2.3% | 6.0% |
Days on Market | 71 | 4.0% |
Demographics — Pittsboro, NC
As of the latest ACS Survey released in 2023, Pittsboro, NC has a population of 22,400, which has increased by 10.2% over the past 5 years. Pittsboro, NC is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,400 | 10.2% |
% Under 18 | 17.0% | -2.3% |
% Seniors | 26.8% | 0.4% |
% WFH | 24.5% | 166.3% |
% w/ College Degree | 53.5% | 3.9% |
As of the latest ACS Survey released in 2023, Pittsboro, NC is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Pittsboro, NC is black, making up 10.6% of the population. Foreign-born residents account for 8.3% of the population in Pittsboro, NC, and this percentage has increased by 118.4% 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 | 77.9% | -3.3% |
% Black | 10.6% | -6.2% |
% Hispanic | 8.1% | 125.0% |
% Asian | 1.0% | -23.1% |
% Foreign Born | 8.3% | 118.4% |
Mortgage and Risk — Pittsboro, NC
According to HUD data as of 2023, there were 929 mortgage originations in Pittsboro, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Pittsboro, 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 | 929 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Pittsboro, NC
As of 2024, the percent of homes in Pittsboro, NC under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pittsboro, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 161 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,390 | $1,280 |
| 2 Bedroom | -$330 | $1,800 | $1,470 |
| 3 Bedroom | -$250 | $2,100 | $1,850 |
| 4 Bedroom | -$1,240 | $3,500 | $2,260 |
Affordability — Pittsboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $557,000 |
| Median Household Income | $101,000 |