Knightdale, NC—27545
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Knightdale, NC
As of Oct '25, the median home price in Knightdale, NC is $367,000, with a year-over-year change of -3.4%. This indicates that home prices in Knightdale, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | -3.4% |
| Single Family | $368,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | -4.2% |
3 Bed | $324,000 | -4.1% |
4 Bed | $432,000 | -3.1% |
| 5 Bed | $525,000 | -2.1% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,720 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Knightdale, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Knightdale, NC is 50. This is a increase of 20.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | -9.0% |
Listing Count | 155 | 1.0% |
| Listings as % of Homes | 1.3% | 1.0% |
Days on Market | 50 | 20.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 24.1% |
% Under 18 | 27.4% | 4.2% |
% Seniors | 10.3% | 7.3% |
% WFH | 19.2% | 231.0% |
% w/ College Degree | 36.2% | 14.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $367,000 |
| Median Household Income | $85,400 |