Chocowinity, NC—27817
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chocowinity, NC
As of Oct '25, the median home price in Chocowinity, NC is $293,000, with a year-over-year change of 1.9%. This indicates that home prices in Chocowinity, NC are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 1.9% |
| Single Family | $293,000 | 2.1% |
| 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 | $321,000 | 3.2% |
4 Bed | $557,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chocowinity, NC
As of July '25, Rentcast reports the average rent in Chocowinity, NC is $1,550, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Chocowinity, NC is 2-bedrooms: $1,350, 3-bedrooms: $1,650. The most common rental property sizes in Chocowinity, NC are 3-bedroom and 2-bedroom, accounting for 52.7% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $1,300 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chocowinity, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Chocowinity, NC is 104. This is a increase of 49.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | -5.0% |
Listing Count | 33 | 76.0% |
| Listings as % of Homes | 0.7% | 76.0% |
Days on Market | 104 | 49.0% |
Demographics — Chocowinity, NC
As of the latest ACS Survey released in 2023, Chocowinity, NC has a population of 7,760, which has remained stable by -0.1% over the past 5 years. Chocowinity, NC is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,760 | -0.1% |
% Under 18 | 21.6% | 1.4% |
% Seniors | 28.8% | 20.5% |
% WFH | 2.8% | -17.6% |
% w/ College Degree | 20.1% | -4.3% |
As of the latest ACS Survey released in 2023, Chocowinity, NC is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Chocowinity, NC is black, making up 22.5% of the population. Foreign-born residents account for 3.1% of the population in Chocowinity, NC, and this percentage has increased by 181.8% 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 | 68.1% | -9.2% |
% Black | 22.5% | 9.8% |
% Hispanic | 6.4% | 190.9% |
% Asian | 0.4% | ∞% |
% Foreign Born | 3.1% | 181.8% |
Mortgage and Risk — Chocowinity, NC
According to HUD data as of 2023, there were 168 mortgage originations in Chocowinity, NC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Chocowinity, NC. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Chocowinity, NC
Chocowinity, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 63.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | -$300 | $1,350 | $1,050 |
| 3 Bedroom | $130 | $1,300 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Chocowinity, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $293,000 |
| Median Household Income | $69,900 |