Bahama, NC—27503
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bahama, NC
As of Oct '25, the median home price in Bahama, NC is $477,000, with a year-over-year change of 3.0%. This indicates that home prices in Bahama, NC are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $477,000 | 3.0% |
| Single Family | $477,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 1.7% |
3 Bed | $447,000 | 3.5% |
4 Bed | $594,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bahama, NC
Bahama, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 — Bahama, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Bahama, NC is 46. This is a increase of 71.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | 0.0% |
Listing Count | 11 | 48.0% |
| Listings as % of Homes | 0.3% | 48.0% |
Days on Market | 46 | 71.0% |
Demographics — Bahama, NC
As of the latest ACS Survey released in 2023, Bahama, NC has a population of 5,090, which has decreased by -19.5% over the past 5 years. Bahama, NC is a less popular place for families, as children make up 6.3% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,090 | -19.5% |
% Under 18 | 6.3% | -25.0% |
% Seniors | 21.5% | 50.3% |
% WFH | 16.5% | 81.3% |
% w/ College Degree | 27.1% | 27.8% |
As of the latest ACS Survey released in 2023, Bahama, NC is a predominantly white area, with 60.0% of the population identifying as white. The white population has grown by 10.3% in the last 5 years. The second most common race or ethnicity in Bahama, NC is black, making up 28.6% of the population. Foreign-born residents account for 8.0% of the population in Bahama, NC, and this percentage has increased by 122.2% 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 | 60.0% | 10.3% |
% Black | 28.6% | -16.1% |
% Hispanic | 8.4% | 12.0% |
% Asian | 0.6% | ∞% |
% Foreign Born | 8.0% | 122.2% |
Mortgage and Risk — Bahama, NC
According to HUD data as of 2023, there were 143 mortgage originations in Bahama, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bahama, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 143 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Bahama, NC
Bahama, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | N/A | N/A | $1,690 |
| 3 Bedroom | N/A | N/A | $2,140 |
| 4 Bedroom | N/A | N/A | $2,510 |
Affordability — Bahama, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $477,000 |
| Median Household Income | $107,000 |