Carrboro, NC—27516
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 $605,000, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $605,000 | -0.3% |
| Single Family | $620,000 | -0.3% |
| Condos | $375,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $330,000 | -0.9% |
2 Bed | $392,000 | -1.5% |
3 Bed | $527,000 | -0.6% |
4 Bed | $742,000 | 0.0% |
| 5 Bed | $941,000 | -0.8% |
% of Housing Stock
Rental Trends — Carrboro, NC
As of July '25, Rentcast reports the average rent in Carrboro, NC is $1,930, with a year-over-year rent change of -11.5%. Per bedroom, the median rent as of July '25 in Carrboro, NC is studios: $1,420, 1-bedrooms: $1,320, 2-bedrooms: $1,650, 3-bedrooms: $2,380, 4-bedrooms: $3,210. The most common rental property sizes in Carrboro, NC are 2-bedroom and 3-bedroom, accounting for 35.3% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,930 |
| Studio Rent | $1,340 | $1,420 |
| 1 Bed Rent | $1,250 | $1,320 |
| 2 Bed Rent | $1,560 | $1,650 |
| 3 Bed Rent | $2,320 | $2,380 |
| 4 Bed Rent | $3,200 | $3,210 |
% 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 59. This is a increase of 16.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $620,000 | -16.0% |
Listing Count | 191 | 45.0% |
| Listings as % of Homes | 0.5% | 45.0% |
Days on Market | 59 | 16.0% |
Demographics — Carrboro, NC
As of the latest ACS Survey released in 2023, Carrboro, NC has a population of 46,400, which has increased by 11.6% over the past 5 years. Carrboro, NC is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 72.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,400 | 11.6% |
% Under 18 | 22.3% | 7.7% |
% Seniors | 14.5% | 29.5% |
% WFH | 27.9% | 138.5% |
% w/ College Degree | 72.4% | 6.0% |
As of the latest ACS Survey released in 2023, Carrboro, NC is a predominantly white area, with 69.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Carrboro, NC is asian, making up 9.8% of the population. Foreign-born residents account for 12.1% of the population in Carrboro, NC, and this percentage has decreased by 5.5% 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 | 69.3% | -2.8% |
% Black | 8.9% | -16.8% |
% Hispanic | 7.4% | 13.8% |
% Asian | 9.8% | 11.4% |
% Foreign Born | 12.1% | -5.5% |
Mortgage and Risk — Carrboro, NC
According to HUD data as of 2023, there were 947 mortgage originations in Carrboro, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Carrboro, NC. Investor activity is low, as 1.0% 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 | 947 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Carrboro, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 342 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,250 | $1,570 |
| 2 Bedroom | $240 | $1,560 | $1,800 |
| 3 Bedroom | -$80 | $2,320 | $2,240 |
| 4 Bedroom | -$500 | $3,200 | $2,700 |
Affordability — Carrboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $605,000 |
| Median Household Income | $101,000 |