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Clayton, NC—27520

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$339,000
1.5% YoY Growth
Household Income
$84,500
29.7% YoY Growth
Days on Market
50
16.0% Longer YoY
Home Price Forecast
-0.3%
Median Rent
$1,720
2.3% YoY Growth
1-Bed Rent
$1,370
2.3% YoY Growth
2-Bed Rent
$1,550
0.0% YoY Growth
3-Bed Rent
$1,800
1.1% YoY Growth

Other Zip Codes in Clayton, NC

27527
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Clayton, NC

As of May '26, the median home price in Clayton, NC is $339,000, with a year-over-year change of -1.5%. This indicates that home prices in Clayton, NC are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$339,000-1.5%
Single Family $340,000-1.4%
Condos $218,000-4.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$232,000-2.9%
    3 Bed
    		$321,000-1.5%
    4 Bed
    		$424,000-1.9%
    5 Bed $505,513-1.9%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    2.8%
    2 Bedrooms
    16.7%
    3 Bedrooms
    57.6%
    4 Bedrooms
    18.0%
    5+ Bedrooms
    4.2%

    Rental Trends — Clayton, NC

    As of July '25, Rentcast reports the average rent in Clayton, NC is $1,750, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Clayton, NC is 1-bedrooms: $1,340, 2-bedrooms: $1,530, 3-bedrooms: $1,830, 4-bedrooms: $2,210. The most common rental property sizes in Clayton, NC are 2-bedroom and 3-bedroom, accounting for 47.4% and 27.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,720$1,750
    Studio Rent N/AN/A
    1 Bed Rent $1,370$1,340
    2 Bed Rent $1,550$1,530
    3 Bed Rent $1,800$1,830
    4 Bed Rent $2,140$2,210
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    % of Rental Stock

    Studio
    0.3%
    1 Bedroom
    10.8%
    2 Bedrooms
    47.4%
    3 Bedrooms
    27.6%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    1.9%

    Property Listings — Clayton, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Clayton, NC is 50. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$370,0005.0%
    Listing Count
    		358-3.0%
    Listings as % of Homes1.4%-3.0%
    Days on Market
    		5016.0%
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    Demographics — Clayton, NC

    As of the latest ACS Survey released in 2023, Clayton, NC has a population of 48,700, which has increased by 19.8% over the past 5 years. Clayton, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		48,70019.8%
    % Under 18
    		24.2%-3.6%
    % Seniors
    		12.0%7.1%
    % WFH
    		14.0%154.5%
    % w/ College Degree
    		29.0%18.9%
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    As of the latest ACS Survey released in 2023, Clayton, NC is a predominantly white area, with 57.6% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Clayton, NC is black, making up 22.2% of the population. Foreign-born residents account for 9.1% of the population in Clayton, NC, and this percentage has increased by 33.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		57.6%-12.7%
    % Black
    		22.2%7.8%
    % Hispanic
    		16.7%42.7%
    % Asian
    		0.8%33.3%
    % Foreign Born
    		9.1%33.8%
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    Mortgage and Risk — Clayton, NC

    According to HUD data as of 2023, there were 1423 mortgage originations in Clayton, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Clayton, NC. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,423
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Clayton, NC

    As of 2024, the percent of homes in Clayton, NC under the Section 8 program is 2.9%. 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 Clayton, 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
    		206
    Total Units Section 8
    		129
    % Rentals under Section 8
    		2.9%
    % Occupied Section 8
    		94.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$1,370$1,440
    2 Bedroom$40$1,550$1,590
    3 Bedroom$180$1,800$1,980
    4 Bedroom$530$2,140$2,670

    Affordability — Clayton, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$339,000
    Median Household Income$84,500

    Clayton, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Clayton, NC

    27527

    Garner, NC

    27529

    Southeast Raleigh, Raleigh, NC

    27610

    Smithfield, NC

    27577

    Knightdale, NC

    27545

    Frequently Asked Questions