Norlina, NC—27563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norlina, NC
Norlina, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $150,000 | -5.2% |
| Single Family | $150,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $170,000 | -2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norlina, NC
As of July '25, Rentcast reports the average rent in Norlina, NC is $1,200, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Norlina, NC is 2-bedrooms: $800, 3-bedrooms: $1,340. The most common rental property sizes in Norlina, NC are 3-bedroom and 2-bedroom, accounting for 46.3% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | $1,440 | $1,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norlina, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Norlina, NC is 85. This is a decrease of -14.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 30.0% |
Listing Count | 14 | 56.0% |
| Listings as % of Homes | 0.4% | 56.0% |
Days on Market | 85 | -14.0% |
Demographics — Norlina, NC
As of the latest ACS Survey released in 2023, Norlina, NC has a population of 5,300, which has increased by 11.3% over the past 5 years. Norlina, NC is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | 11.3% |
% Under 18 | 17.9% | -0.6% |
% Seniors | 22.4% | 21.1% |
% WFH | 9.9% | 482.4% |
% w/ College Degree | 13.2% | 4.8% |
As of the latest ACS Survey released in 2023, Norlina, NC is a predominantly black area, with 63.2% of the population identifying as black. The black population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Norlina, NC is white, making up 31.5% of the population. Foreign-born residents account for 0.3% of the population in Norlina, NC, and this percentage has decreased by 90.9% 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 | 31.5% | -19.2% |
% Black | 63.2% | 8.4% |
% Hispanic | 0.4% | -81.8% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.3% | -90.9% |
Mortgage and Risk — Norlina, NC
According to HUD data as of 2023, there were 62 mortgage originations in Norlina, NC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Norlina, NC. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Norlina, NC
Norlina, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | $130 | $800 | $930 |
| 3 Bedroom | -$310 | $1,440 | $1,130 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Norlina, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $150,000 |
| Median Household Income | $39,700 |