New Hill, NC—27562
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hill, NC
As of Oct '25, the median home price in New Hill, NC is $686,000, with a year-over-year change of -0.2%. This indicates that home prices in New Hill, NC are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $686,000 | -0.2% |
| Single Family | $687,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $546,000 | -1.1% |
4 Bed | $683,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Hill, NC
As of July '25, Rentcast reports the average rent in New Hill, NC is $2,410, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in New Hill, NC is 3-bedrooms: $2,130, 4-bedrooms: $2,770. The most common rental property sizes in New Hill, NC are 3-bedroom and 1-bedroom, accounting for 40.9% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,240 | $2,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,220 | $2,130 |
| 4 Bed Rent | $2,840 | $2,770 |
% of Rental Stock
Property Listings — New Hill, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hill, NC is 51. This is a decrease of -12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $716,000 | -12.0% |
Listing Count | 64 | 4.0% |
| Listings as % of Homes | 2.3% | 4.0% |
Days on Market | 51 | -12.0% |
Demographics — New Hill, NC
As of the latest ACS Survey released in 2023, New Hill, NC has a population of 5,040, which has increased by 187.9% over the past 5 years. New Hill, NC is a popular place for families, as children make up 34.6% of the population. The area has a highly educated workforce, with 62.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 43.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,040 | 187.9% |
% Under 18 | 34.6% | 31.1% |
% Seniors | 5.5% | -76.7% |
% WFH | 43.4% | 1,708.3% |
% w/ College Degree | 62.4% | 74.3% |
As of the latest ACS Survey released in 2023, New Hill, NC is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in New Hill, NC is black, making up 7.3% of the population. Foreign-born residents account for 4.0% of the population in New Hill, NC, and this percentage has increased by 25.0% 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 | 82.9% | -3.8% |
% Black | 7.3% | -9.9% |
% Hispanic | 3.8% | ∞% |
% Asian | 3.3% | 6.5% |
% Foreign Born | 4.0% | 25.0% |
Mortgage and Risk — New Hill, NC
New Hill, NC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Hill, NC
New Hill, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
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 | -$370 | $2,220 | $1,850 |
| 4 Bedroom | -$400 | $2,840 | $2,440 |
Affordability — New Hill, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $686,000 |
| Median Household Income | $169,000 |