Carrboro, NC—27510
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Carrboro, NC
Home Price Trends — Carrboro, NC
As of Oct '25, the median home price in Carrboro, NC is $439,000, with a year-over-year change of 0.7%. This indicates that home prices in Carrboro, NC are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $439,000 | 0.7% |
| Single Family | $507,000 | 0.4% |
| Condos | $222,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 1.5% |
3 Bed | $511,000 | 0.6% |
4 Bed | $669,000 | 0.9% |
| 5 Bed | $792,000 | 0.8% |
% of Housing Stock
Rental Trends — Carrboro, NC
As of July '25, Rentcast reports the average rent in Carrboro, NC is $1,480, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Carrboro, NC is studios: $1,030, 1-bedrooms: $1,220, 2-bedrooms: $1,480, 3-bedrooms: $2,160, 4-bedrooms: $3,010. The most common rental property sizes in Carrboro, NC are 2-bedroom and 1-bedroom, accounting for 49.0% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,480 |
| Studio Rent | $958 | $1,030 |
| 1 Bed Rent | $1,180 | $1,220 |
| 2 Bed Rent | $1,470 | $1,480 |
| 3 Bed Rent | $1,900 | $2,160 |
| 4 Bed Rent | $2,800 | $3,010 |
% of Rental Stock
Property Listings — Carrboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Carrboro, NC is 67. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | -2.0% |
Listing Count | 46 | 84.0% |
| Listings as % of Homes | 0.1% | 84.0% |
Days on Market | 67 | 71.0% |
Demographics — Carrboro, NC
As of the latest ACS Survey released in 2023, Carrboro, NC has a population of 13,700, which has decreased by -11.5% over the past 5 years. Carrboro, NC is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -11.5% |
% Under 18 | 15.4% | -9.4% |
% Seniors | 9.7% | -3.0% |
% WFH | 20.4% | 155.0% |
% w/ College Degree | 64.7% | 0.2% |
As of the latest ACS Survey released in 2023, Carrboro, NC is a predominantly white area, with 64.2% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Carrboro, NC is black, making up 17.5% of the population. Foreign-born residents account for 16.0% of the population in Carrboro, NC, and this percentage has decreased by 9.6% 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% | 0.3% |
% Black | 17.5% | 35.7% |
% Hispanic | 11.2% | 14.3% |
% Asian | 5.7% | -44.1% |
% Foreign Born | 16.0% | -9.6% |
Mortgage and Risk — Carrboro, NC
According to HUD data as of 2023, there were 106 mortgage originations in Carrboro, NC, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Carrboro, NC. Investor activity is low, as 5.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Carrboro, NC
As of 2024, the percent of homes in Carrboro, NC under the Section 8 program is 2.7%. 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 Carrboro, 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 | 177 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $520 | $1,180 | $1,700 |
| 2 Bedroom | $470 | $1,470 | $1,940 |
| 3 Bedroom | $520 | $1,900 | $2,420 |
| 4 Bedroom | $110 | $2,800 | $2,910 |
Affordability — Carrboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $439,000 |
| Median Household Income | $62,700 |