Thomasville, NC—27360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thomasville, NC
As of Oct '25, the median home price in Thomasville, NC is $231,000, with a year-over-year change of 0.7%. This indicates that home prices in Thomasville, NC are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 0.7% |
| Single Family | $232,000 | 1.3% |
| Condos | $119,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $103,000 | -2.8% |
2 Bed | $142,000 | -4.7% |
3 Bed | $242,000 | 1.3% |
4 Bed | $335,000 | 4.0% |
| 5 Bed | $395,000 | 1.3% |
% of Housing Stock
Rental Trends — Thomasville, NC
As of July '25, Rentcast reports the average rent in Thomasville, NC is $1,520, with a year-over-year rent change of 12.6%. Per bedroom, the median rent as of July '25 in Thomasville, NC is studios: $1,000, 1-bedrooms: $700, 2-bedrooms: $933, 3-bedrooms: $1,760, 4-bedrooms: $2,030. The most common rental property sizes in Thomasville, NC are 2-bedroom and 3-bedroom, accounting for 42.2% and 40.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,520 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $650 | $700 |
| 2 Bed Rent | $850 | $933 |
| 3 Bed Rent | $1,800 | $1,760 |
| 4 Bed Rent | $2,020 | $2,030 |
% of Rental Stock
Property Listings — Thomasville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Thomasville, NC is 53. This is a increase of 6.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | -2.0% |
Listing Count | 137 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 53 | 6.0% |
Demographics — Thomasville, NC
As of the latest ACS Survey released in 2023, Thomasville, NC has a population of 48,500, which has increased by 6.4% over the past 5 years. Thomasville, NC is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,500 | 6.4% |
% Under 18 | 23.3% | -3.3% |
% Seniors | 16.7% | 0.0% |
% WFH | 7.8% | 178.6% |
% w/ College Degree | 16.8% | 10.5% |
As of the latest ACS Survey released in 2023, Thomasville, NC is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Thomasville, NC is hispanic, making up 11.3% of the population. Foreign-born residents account for 7.3% of the population in Thomasville, NC, and this percentage has increased by 4.3% 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 | 71.0% | -4.6% |
% Black | 11.2% | -1.8% |
% Hispanic | 11.3% | -0.9% |
% Asian | 0.8% | -33.3% |
% Foreign Born | 7.3% | 4.3% |
Mortgage and Risk — Thomasville, NC
According to HUD data as of 2023, there were 866 mortgage originations in Thomasville, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Thomasville, NC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 866 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Thomasville, NC
As of 2024, the percent of homes in Thomasville, NC under the Section 8 program is 5.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Thomasville, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 608 |
Total Units Section 8 | 349 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 76.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $650 | $940 |
| 2 Bedroom | $210 | $850 | $1,060 |
| 3 Bedroom | -$450 | $1,800 | $1,350 |
| 4 Bedroom | -$500 | $2,020 | $1,520 |
Affordability — Thomasville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $231,000 |
| Median Household Income | $60,900 |