View in Interactive Map

Garner, NC—27529

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$382,000
2.2% YoY Growth
Household Income
$86,400
42.1% YoY Growth
Days on Market
69
25.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,670
0.0% YoY Growth
1-Bed Rent
$1,320
7.8% YoY Growth
2-Bed Rent
$1,600
2.5% YoY Growth
3-Bed Rent
$2,000
1.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Garner, NC

As of Dec '25, the median home price in Garner, NC is $382,000, with a year-over-year change of -2.2%. This indicates that home prices in Garner, NC are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$382,000-2.2%
Single Family $382,000-2.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$244,000-3.6%
    3 Bed
    		$349,000-2.8%
    4 Bed
    		$453,000-2.4%
    5 Bed $521,017-1.3%
    Loading chart...

    % of Housing Stock

    1 Bedroom
    4.3%
    2 Bedrooms
    21.1%
    3 Bedrooms
    48.2%
    4 Bedrooms
    21.4%
    5+ Bedrooms
    4.9%

    Rental Trends — Garner, NC

    As of July '25, Rentcast reports the average rent in Garner, NC is $1,750, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Garner, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,560, 3-bedrooms: $1,990, 4-bedrooms: $2,340. The most common rental property sizes in Garner, NC are 2-bedroom and 3-bedroom, accounting for 52.9% and 28.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,670$1,750
    Studio Rent N/AN/A
    1 Bed Rent $1,320$1,300
    2 Bed Rent $1,600$1,560
    3 Bed Rent $2,000$1,990
    4 Bed Rent $2,300$2,340
    Loading chart...

    % of Rental Stock

    Studio
    0.2%
    1 Bedroom
    13.8%
    2 Bedrooms
    52.9%
    3 Bedrooms
    28.4%
    4 Bedrooms
    4.5%
    5+ Bedrooms
    0.2%

    Property Listings — Garner, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Garner, NC is 77. This is a increase of 46.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$425,0003.0%
    Listing Count
    		31210.0%
    Listings as % of Homes1.2%10.0%
    Days on Market
    		6925.0%
    Loading chart...

    Demographics — Garner, NC

    As of the latest ACS Survey released in 2023, Garner, NC has a population of 55,200, which has increased by 13.0% over the past 5 years. Garner, NC is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		55,20013.0%
    % Under 18
    		21.7%-15.6%
    % Seniors
    		13.7%0.0%
    % WFH
    		18.7%201.6%
    % w/ College Degree
    		40.6%28.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Garner, NC is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Garner, NC is black, making up 24.7% of the population. Foreign-born residents account for 8.3% of the population in Garner, NC, and this percentage has increased by 27.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		56.1%-9.2%
    % Black
    		24.7%-0.4%
    % Hispanic
    		13.0%21.5%
    % Asian
    		1.4%40.0%
    % Foreign Born
    		8.3%27.7%
    Loading chart...

    Mortgage and Risk — Garner, NC

    According to HUD data as of 2023, there were 1884 mortgage originations in Garner, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Garner, NC. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,884
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		8.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Garner, NC

    As of 2024, the percent of homes in Garner, NC under the Section 8 program is 2.8%. 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 Garner, 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
    		232
    Total Units Section 8
    		170
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$210$1,320$1,530
    2 Bedroom$90$1,600$1,690
    3 Bedroom$100$2,000$2,100
    4 Bedroom$540$2,300$2,840

    Affordability — Garner, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$382,000
    Median Household Income$86,400

    Garner, NC — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Caraleigh, Raleigh, NC

    27603

    Southeast Raleigh, Raleigh, NC

    27610

    Clayton, NC

    27520

    Willow Spring, NC

    27592

    Downtown Raleigh, Raleigh, NC

    27601

    Frequently Asked Questions