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Carrboro, NC—27510

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$430,000
0.3% YoY Growth
Household Income
$62,700
18.0% YoY Growth
Days on Market
97
61.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$1,420
0.7% YoY Growth
1-Bed Rent
$1,180
2.4% YoY Growth
2-Bed Rent
$1,470
1.4% YoY Growth
3-Bed Rent
$1,900
2.9% YoY Growth

Other Zip Codes in Carrboro, NC

27516
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carrboro, NC

As of Dec '25, the median home price in Carrboro, NC is $430,000, with a year-over-year change of 0.3%. This indicates that home prices in Carrboro, NC are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$430,0000.3%
Single Family $503,000-0.4%
Condos $224,0000.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$271,0001.1%
    3 Bed
    		$504,000-0.2%
    4 Bed
    		$660,0000.3%
    5 Bed $777,4010.2%
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    % of Housing Stock

    Studio
    6.2%
    1 Bedroom
    18.6%
    2 Bedrooms
    43.0%
    3 Bedrooms
    21.1%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    2.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    8.0%
    1 Bedroom
    22.7%
    2 Bedrooms
    49.0%
    3 Bedrooms
    14.7%
    4 Bedrooms
    5.1%
    5+ Bedrooms
    0.4%

    Property Listings — Carrboro, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Carrboro, NC is 80. This is a increase of 80.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$495,00027.0%
    Listing Count
    		4377.0%
    Listings as % of Homes0.1%77.0%
    Days on Market
    		9761.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.2
    Median Home Price$430,000
    Median Household Income$62,700

    Carrboro, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Chapel Hill, NC

    27514

    Carrboro, NC

    27516

    Chapel Hill, NC

    27517

    Durham, NC

    27707

    Durham, NC

    27713

    Frequently Asked Questions