Kenly, NC—27542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kenly, NC
As of Oct '25, the median home price in Kenly, NC is $254,000, with a year-over-year change of -1.4%. This indicates that home prices in Kenly, NC are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | -1.4% |
| Single Family | $254,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | -2.9% |
3 Bed | $262,000 | -0.4% |
4 Bed | $345,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kenly, NC
As of July '25, Rentcast reports the average rent in Kenly, NC is $2,000, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Kenly, NC is 4-bedrooms: $2,000. The most common rental property sizes in Kenly, NC are 2-bedroom and 3-bedroom, accounting for 41.9% and 41.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Kenly, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Kenly, NC is 90. This is a increase of 29.0% 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 62.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $309,000 | -2.0% |
Listing Count | 52 | 5.0% |
| Listings as % of Homes | 1.3% | 5.0% |
Days on Market | 90 | 29.0% |
Demographics — Kenly, NC
As of the latest ACS Survey released in 2023, Kenly, NC has a population of 9,440, which has decreased by -5.1% over the past 5 years. Kenly, NC is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,440 | -5.1% |
% Under 18 | 23.4% | -12.0% |
% Seniors | 19.1% | 42.5% |
% WFH | 5.9% | 13.5% |
% w/ College Degree | 17.0% | 24.1% |
As of the latest ACS Survey released in 2023, Kenly, NC is a predominantly white area, with 74.2% of the population identifying as white. The white population has grown by 20.3% in the last 5 years. The second most common race or ethnicity in Kenly, NC is black, making up 13.1% of the population. Foreign-born residents account for 4.1% of the population in Kenly, NC, and this percentage has decreased by 43.1% 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 | 74.2% | 20.3% |
% Black | 13.1% | -38.2% |
% Hispanic | 9.2% | -34.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.1% | -43.1% |
Mortgage and Risk — Kenly, NC
According to HUD data as of 2023, there were 288 mortgage originations in Kenly, NC, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Kenly, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 288 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Kenly, NC
Kenly, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,490 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | $440 | $2,000 | $2,440 |
Affordability — Kenly, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $254,000 |
| Median Household Income | $56,200 |