Fuquay Varina, NC—27526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fuquay Varina, NC
As of Oct '25, the median home price in Fuquay Varina, NC is $443,000, with a year-over-year change of -2.4%. This indicates that home prices in Fuquay Varina, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | -2.4% |
| Single Family | $444,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $340,000 | -3.1% |
3 Bed | $382,000 | -3.3% |
4 Bed | $501,000 | -2.1% |
| 5 Bed | $588,000 | -1.5% |
% of Housing Stock
Rental Trends — Fuquay Varina, NC
As of July '25, Rentcast reports the average rent in Fuquay Varina, NC is $1,870, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Fuquay Varina, NC is 1-bedrooms: $1,440, 2-bedrooms: $1,700, 3-bedrooms: $2,020, 4-bedrooms: $2,300. The most common rental property sizes in Fuquay Varina, NC are 2-bedroom and 3-bedroom, accounting for 37.6% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,440 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,000 | $2,020 |
| 4 Bed Rent | $2,200 | $2,300 |
% of Rental Stock
Property Listings — Fuquay Varina, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Fuquay Varina, NC is 65. This is a increase of 33.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $459,000 | 2.0% |
Listing Count | 579 | 32.0% |
| Listings as % of Homes | 1.8% | 32.0% |
Days on Market | 65 | 33.0% |
Demographics — Fuquay Varina, NC
As of the latest ACS Survey released in 2023, Fuquay Varina, NC has a population of 59,300, which has increased by 25.1% over the past 5 years. Fuquay Varina, NC is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,300 | 25.1% |
% Under 18 | 25.8% | -4.1% |
% Seniors | 14.7% | 10.5% |
% WFH | 22.5% | 192.2% |
% w/ College Degree | 45.9% | 18.0% |
As of the latest ACS Survey released in 2023, Fuquay Varina, NC is a predominantly white area, with 70.0% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Fuquay Varina, NC is black, making up 13.7% of the population. Foreign-born residents account for 6.3% of the population in Fuquay Varina, NC, and this percentage has decreased by 23.2% 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 | 70.0% | -5.3% |
% Black | 13.7% | 15.1% |
% Hispanic | 10.0% | -2.9% |
% Asian | 2.0% | 42.9% |
% Foreign Born | 6.3% | -23.2% |
Mortgage and Risk — Fuquay Varina, NC
According to HUD data as of 2023, there were 2631 mortgage originations in Fuquay Varina, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fuquay Varina, NC. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,631 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Fuquay Varina, NC
As of 2024, the percent of homes in Fuquay Varina, NC under the Section 8 program is 4.6%. 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 Fuquay Varina, 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 | 242 |
Total Units Section 8 | 192 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 92.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,450 | $1,630 |
| 2 Bedroom | $140 | $1,700 | $1,840 |
| 3 Bedroom | $330 | $2,000 | $2,330 |
| 4 Bedroom | $900 | $2,200 | $3,100 |
Affordability — Fuquay Varina, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $443,000 |
| Median Household Income | $105,000 |