Wendell, NC—27591
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wendell, NC
As of Oct '25, the median home price in Wendell, NC is $368,000, with a year-over-year change of -1.3%. This indicates that home prices in Wendell, 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 | $368,000 | -1.3% |
| Single Family | $368,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 0.7% |
3 Bed | $347,000 | -1.4% |
4 Bed | $424,000 | -1.6% |
| 5 Bed | $430,000 | -3.6% |
% of Housing Stock
Rental Trends — Wendell, NC
As of July '25, Rentcast reports the average rent in Wendell, NC is $1,960, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Wendell, NC is studios: $1,320, 1-bedrooms: $1,430, 2-bedrooms: $1,870, 3-bedrooms: $2,020, 4-bedrooms: $2,260. The most common rental property sizes in Wendell, NC are 3-bedroom and 2-bedroom, accounting for 53.8% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,960 |
| Studio Rent | $1,320 | $1,320 |
| 1 Bed Rent | $1,420 | $1,430 |
| 2 Bed Rent | $1,830 | $1,870 |
| 3 Bed Rent | $1,900 | $2,020 |
| 4 Bed Rent | $2,220 | $2,260 |
% of Rental Stock
Property Listings — Wendell, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wendell, NC is 62. This is a increase of 2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 5.0% |
Listing Count | 363 | -4.0% |
| Listings as % of Homes | 1.9% | -4.0% |
Days on Market | 62 | 2.0% |
Demographics — Wendell, NC
As of the latest ACS Survey released in 2023, Wendell, NC has a population of 26,700, which has increased by 26.8% over the past 5 years. Wendell, NC is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | 26.8% |
% Under 18 | 23.7% | -10.2% |
% Seniors | 16.0% | 24.0% |
% WFH | 19.4% | 67.2% |
% w/ College Degree | 30.7% | 20.9% |
As of the latest ACS Survey released in 2023, Wendell, NC is a predominantly white area, with 46.1% of the population identifying as white. The white population has shrunk by 26.4% in the last 5 years. The second most common race or ethnicity in Wendell, NC is hispanic, making up 27.1% of the population. Foreign-born residents account for 14.0% of the population in Wendell, NC, and this percentage has increased by 75.0% 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 | 46.1% | -26.4% |
% Black | 22.5% | 17.2% |
% Hispanic | 27.1% | 84.4% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 14.0% | 75.0% |
Mortgage and Risk — Wendell, NC
According to HUD data as of 2023, there were 1213 mortgage originations in Wendell, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Wendell, NC. Investor activity is low, as 2.0% 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 | 1,213 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Wendell, NC
As of 2024, the percent of homes in Wendell, NC under the Section 8 program is 3.6%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wendell, NC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 120 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,420 | $1,320 |
| 2 Bedroom | -$340 | $1,830 | $1,490 |
| 3 Bedroom | -$60 | $1,900 | $1,840 |
| 4 Bedroom | $230 | $2,220 | $2,450 |
Affordability — Wendell, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $368,000 |
| Median Household Income | $76,700 |