Siler City, NC—27344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Siler City, NC
As of Oct '25, the median home price in Siler City, NC is $248,000, with a year-over-year change of -1.5%. This indicates that home prices in Siler City, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | -1.5% |
| Single Family | $248,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -4.9% |
3 Bed | $269,000 | -1.5% |
4 Bed | $380,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Siler City, NC
As of July '25, Rentcast reports the average rent in Siler City, NC is $1,510, with a year-over-year rent change of -24.5%. Per bedroom, the median rent as of July '25 in Siler City, NC is 1-bedrooms: $1,100, 2-bedrooms: $1,350, 3-bedrooms: $1,710, 4-bedrooms: $1,550. The most common rental property sizes in Siler City, NC are 3-bedroom and 2-bedroom, accounting for 54.6% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,100 |
| 2 Bed Rent | $1,200 | $1,350 |
| 3 Bed Rent | $1,450 | $1,710 |
| 4 Bed Rent | $1,550 | $1,550 |
% of Rental Stock
Property Listings — Siler City, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Siler City, NC is 112. This is a increase of 60.0% 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 | $425,000 | -5.0% |
Listing Count | 37 | 24.0% |
| Listings as % of Homes | 0.2% | 24.0% |
Days on Market | 112 | 60.0% |
Demographics — Siler City, NC
As of the latest ACS Survey released in 2023, Siler City, NC has a population of 18,800, which has remained stable by 0.0% over the past 5 years. Siler City, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | 0.0% |
% Under 18 | 24.2% | -3.6% |
% Seniors | 19.0% | 19.5% |
% WFH | 4.2% | -25.0% |
% w/ College Degree | 21.7% | 38.2% |
As of the latest ACS Survey released in 2023, Siler City, NC is a predominantly white area, with 45.2% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Siler City, NC is hispanic, making up 33.0% of the population. Foreign-born residents account for 17.7% of the population in Siler City, NC, and this percentage has increased by 14.9% 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 | 45.2% | -4.0% |
% Black | 16.0% | -8.6% |
% Hispanic | 33.0% | 11.5% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 17.7% | 14.9% |
Mortgage and Risk — Siler City, NC
According to HUD data as of 2023, there were 179 mortgage originations in Siler City, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Siler City, NC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 179 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Siler City, NC
As of 2024, the percent of homes in Siler City, NC under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Siler City, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 315 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 69.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,200 | $1,280 |
| 2 Bedroom | $270 | $1,200 | $1,470 |
| 3 Bedroom | $400 | $1,450 | $1,850 |
| 4 Bedroom | $710 | $1,550 | $2,260 |
Affordability — Siler City, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $248,000 |
| Median Household Income | $62,500 |