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Knightdale, NC—27545

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$372,000
2.9% YoY Growth
Household Income
$85,400
34.1% YoY Growth
Days on Market
45
5.0% Shorter YoY
Home Price Forecast
-0.4%
Median Rent
$1,650
2.4% YoY Growth
1-Bed Rent
$1,280
4.4% YoY Growth
2-Bed Rent
$1,480
5.1% YoY Growth
3-Bed Rent
$1,900
0.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Knightdale, NC

As of May '26, the median home price in Knightdale, NC is $372,000, with a year-over-year change of -2.9%. This indicates that home prices in Knightdale, NC are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$372,000-2.9%
Single Family $373,000-2.6%
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
    		$228,000-6.2%
    3 Bed
    		$327,000-3.3%
    4 Bed
    		$431,000-3.1%
    5 Bed $529,166-2.7%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    4.5%
    2 Bedrooms
    16.5%
    3 Bedrooms
    50.4%
    4 Bedrooms
    19.5%
    5+ Bedrooms
    8.5%

    Rental Trends — Knightdale, NC

    As of July '25, Rentcast reports the average rent in Knightdale, NC is $1,720, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Knightdale, NC is 1-bedrooms: $1,290, 2-bedrooms: $1,500, 3-bedrooms: $1,900, 4-bedrooms: $2,300. The most common rental property sizes in Knightdale, NC are 2-bedroom and 3-bedroom, accounting for 40.0% and 35.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,720
    Studio Rent N/AN/A
    1 Bed Rent $1,280$1,290
    2 Bed Rent $1,480$1,500
    3 Bed Rent $1,900$1,900
    4 Bed Rent $2,200$2,300
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    % of Rental Stock

    Studio
    1.7%
    1 Bedroom
    13.1%
    2 Bedrooms
    40.0%
    3 Bedrooms
    35.9%
    4 Bedrooms
    6.9%
    5+ Bedrooms
    2.5%

    Property Listings — Knightdale, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Knightdale, NC is 45. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$409,0001.0%
    Listing Count
    		16410.0%
    Listings as % of Homes1.3%10.0%
    Days on Market
    		45-5.0%
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    Demographics — Knightdale, NC

    As of the latest ACS Survey released in 2023, Knightdale, NC has a population of 33,800, which has increased by 24.1% over the past 5 years. Knightdale, NC is a popular place for families, as children make up 27.4% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,80024.1%
    % Under 18
    		27.4%4.2%
    % Seniors
    		10.3%7.3%
    % WFH
    		19.2%231.0%
    % w/ College Degree
    		36.2%14.9%
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    As of the latest ACS Survey released in 2023, Knightdale, NC is a predominantly black area, with 37.7% of the population identifying as black. The black population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Knightdale, NC is white, making up 33.8% of the population. Foreign-born residents account for 17.5% of the population in Knightdale, NC, and this percentage has increased by 37.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		33.8%-13.6%
    % Black
    		37.7%-1.6%
    % Hispanic
    		20.4%20.7%
    % Asian
    		3.2%60.0%
    % Foreign Born
    		17.5%37.8%
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    Mortgage and Risk — Knightdale, NC

    According to HUD data as of 2023, there were 867 mortgage originations in Knightdale, NC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Knightdale, NC. Investor activity is low, as 5.0% 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
    		867
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Knightdale, NC

    As of 2024, the percent of homes in Knightdale, NC under the Section 8 program is 4.3%. 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 Knightdale, 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
    		157
    Total Units Section 8
    		157
    % Rentals under Section 8
    		4.3%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$300$1,280$1,580
    2 Bedroom$270$1,480$1,750
    3 Bedroom$280$1,900$2,180
    4 Bedroom$740$2,200$2,940

    Affordability — Knightdale, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$372,000
    Median Household Income$85,400

    Knightdale, NC — ZIP Code Boundary Map

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