Zebulon, NC—27597
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Zebulon, NC
As of Oct '25, the median home price in Zebulon, NC is $338,000, with a year-over-year change of -1.5%. This indicates that home prices in Zebulon, NC are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | -1.5% |
| Single Family | $338,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | -1.3% |
3 Bed | $322,000 | -1.2% |
4 Bed | $389,000 | -1.8% |
| 5 Bed | $420,000 | -2.6% |
% of Housing Stock
Rental Trends — Zebulon, NC
As of July '25, Rentcast reports the average rent in Zebulon, NC is $1,920, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Zebulon, NC is 1-bedrooms: $995, 2-bedrooms: $1,280, 3-bedrooms: $1,860, 4-bedrooms: $2,170. The most common rental property sizes in Zebulon, NC are 2-bedroom and 3-bedroom, accounting for 46.6% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,280 | $1,280 |
| 3 Bed Rent | $1,860 | $1,860 |
| 4 Bed Rent | $2,160 | $2,170 |
% of Rental Stock
Property Listings — Zebulon, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Zebulon, NC is 73. This is a increase of 31.0% 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 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 | $406,000 | 11.0% |
Listing Count | 318 | 23.0% |
| Listings as % of Homes | 2.5% | 23.0% |
Days on Market | 73 | 31.0% |
Demographics — Zebulon, NC
As of the latest ACS Survey released in 2023, Zebulon, NC has a population of 29,000, which has increased by 23.2% over the past 5 years. Zebulon, NC is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,000 | 23.2% |
% Under 18 | 25.0% | 2.0% |
% Seniors | 15.2% | 5.6% |
% WFH | 15.1% | 73.6% |
% w/ College Degree | 24.5% | 20.1% |
As of the latest ACS Survey released in 2023, Zebulon, NC is a predominantly white area, with 55.2% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Zebulon, NC is black, making up 25.9% of the population. Foreign-born residents account for 8.7% of the population in Zebulon, NC, and this percentage has decreased by 13.9% 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 | 55.2% | -10.0% |
% Black | 25.9% | 36.3% |
% Hispanic | 15.1% | -0.7% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 8.7% | -13.9% |
Mortgage and Risk — Zebulon, NC
According to HUD data as of 2023, there were 894 mortgage originations in Zebulon, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Zebulon, NC. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 894 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Zebulon, NC
As of 2024, the percent of homes in Zebulon, NC under the Section 8 program is 7.6%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Zebulon, NC, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 257 |
Total Units Section 8 | 172 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $325 | $995 | $1,320 |
| 2 Bedroom | $210 | $1,280 | $1,490 |
| 3 Bedroom | -$20 | $1,860 | $1,840 |
| 4 Bedroom | $280 | $2,160 | $2,440 |
Affordability — Zebulon, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $338,000 |
| Median Household Income | $81,900 |