Garner, NC 27529 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

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 — 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 Type	Median Home Value	YoY % Change
All Homes	$382,000	-2.2%
Single Family	$382,000	-2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,670	$1,750
Studio Rent	N/A	N/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

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% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	3.0%
Listing Count	312	10.0%
Listings as % of Homes	1.2%	10.0%
Days on Market	69	25.0%

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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.

Metric	Latest Census	YoY % Change
Population	55,200	13.0%
% Under 18	21.7%	-15.6%
% Seniors	13.7%	0.0%
% WFH	18.7%	201.6%
% w/ College Degree	40.6%	28.5%

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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

Metric	Latest Census	5-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%

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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

Metric	Zip 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%

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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 Size	HUD Premium	Market Rent	Max 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

Garner, NC—27529

Key Metrics at a Glance

Home Price Trends — Garner, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Garner, NC

% of Rental Stock

Property Listings — Garner, NC

Demographics — Garner, NC

Race and Ethnicity

Mortgage and Risk — Garner, NC

Mortgages

Rentals and Section 8 — Garner, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Garner, NC

Home Price to Income Ratio

Garner, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Caraleigh, Raleigh, NC

Southeast Raleigh, Raleigh, NC

Clayton, NC

Willow Spring, NC

Downtown Raleigh, Raleigh, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$382,000
Median Household Income	$86,400

Garner, NC—27529

Key Metrics at a Glance

Home Price Trends — Garner, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Garner, NC

% of Rental Stock

Property Listings — Garner, NC

Demographics — Garner, NC

Race and Ethnicity

Mortgage and Risk — Garner, NC

Mortgages

Rentals and Section 8 — Garner, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Garner, NC

Home Price to Income Ratio

Garner, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Caraleigh, Raleigh, NC

Southeast Raleigh, Raleigh, NC

Clayton, NC

Willow Spring, NC

Downtown Raleigh, Raleigh, NC

Frequently Asked Questions

What is the average home price in Garner, NC 27529?

How have home prices in Garner, NC 27529 changed over the past year?

What is the home price projection for Garner, NC 27529?

What are the demographics of Garner, NC 27529?

How long does it take homes to sell in Garner, NC 27529?

What is the average rent price in Garner, NC 27529?