Holly Springs, NC—27540
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Holly Springs, NC
As of Oct '25, the median home price in Holly Springs, NC is $584,000, with a year-over-year change of -0.8%. This indicates that home prices in Holly Springs, NC are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $584,000 | -0.8% |
| Single Family | $585,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | -4.4% |
3 Bed | $426,000 | -2.7% |
4 Bed | $639,000 | -0.3% |
| 5 Bed | $785,000 | -0.1% |
% of Housing Stock
Rental Trends — Holly Springs, NC
As of July '25, Rentcast reports the average rent in Holly Springs, NC is $1,860, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Holly Springs, NC is 1-bedrooms: $1,420, 2-bedrooms: $1,660, 3-bedrooms: $2,070, 4-bedrooms: $2,480. The most common rental property sizes in Holly Springs, NC are 2-bedroom and 3-bedroom, accounting for 32.0% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,680 | $1,660 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,450 | $2,480 |
% of Rental Stock
Property Listings — Holly Springs, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Holly Springs, NC is 55. This is a increase of 25.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -5.0% |
Listing Count | 209 | 28.0% |
| Listings as % of Homes | 1.4% | 28.0% |
Days on Market | 55 | 25.0% |
Demographics — Holly Springs, NC
As of the latest ACS Survey released in 2023, Holly Springs, NC has a population of 46,000, which has increased by 22.6% over the past 5 years. Holly Springs, NC is a popular place for families, as children make up 33.0% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | 22.6% |
% Under 18 | 33.0% | 4.1% |
% Seniors | 9.0% | 18.4% |
% WFH | 30.4% | 210.2% |
% w/ College Degree | 64.7% | 20.9% |
As of the latest ACS Survey released in 2023, Holly Springs, NC is a predominantly white area, with 76.2% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Holly Springs, NC is asian, making up 7.2% of the population. Foreign-born residents account for 8.9% of the population in Holly Springs, NC, and this percentage has increased by 29.0% 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 | 76.2% | 3.5% |
% Black | 7.1% | -41.8% |
% Hispanic | 5.3% | -33.8% |
% Asian | 7.2% | 213.0% |
% Foreign Born | 8.9% | 29.0% |
Mortgage and Risk — Holly Springs, NC
According to HUD data as of 2023, there were 1637 mortgage originations in Holly Springs, NC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Holly Springs, NC. Investor activity is low, as 1.0% 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 | 1,637 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Holly Springs, NC
As of 2024, the percent of homes in Holly Springs, NC under the Section 8 program is 4.2%. 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 Holly Springs, 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 | 143 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,400 | $1,950 |
| 2 Bedroom | $480 | $1,680 | $2,160 |
| 3 Bedroom | $690 | $2,000 | $2,690 |
| 4 Bedroom | $1,180 | $2,450 | $3,630 |
Affordability — Holly Springs, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $584,000 |
| Median Household Income | $126,000 |