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Reba, NC—27829

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$193,000
4.0% YoY Growth
Household Income
$58,400
49.2% YoY Growth
Days on Market
50
55.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$1,600
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,600
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Reba, NC

As of May '26, the median home price in Reba, NC is $193,000, with a year-over-year change of 4.0%. This indicates that home prices in Reba, NC are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$193,0004.0%
Single Family $193,0004.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$132,0003.1%
    3 Bed
    		$192,0003.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.7%
    2 Bedrooms
    43.9%
    3 Bedrooms
    37.9%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    2.1%

    Rental Trends — Reba, NC

    Reba, NC lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,600
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,600$1,600
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    18.8%
    2 Bedrooms
    48.2%
    3 Bedrooms
    20.9%
    4 Bedrooms
    12.0%

    Property Listings — Reba, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Reba, NC is 50. This is a decrease of -55.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$195,00039.0%
    Listing Count
    		625.0%
    Listings as % of Homes0.4%25.0%
    Days on Market
    		50-55.0%
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    Demographics — Reba, NC

    As of the latest ACS Survey released in 2023, Reba, NC has a population of 1,520, which has increased by 3.0% over the past 5 years. Reba, NC is a less popular place for families, as children make up 11.5% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,5203.0%
    % Under 18
    		11.5%-17.9%
    % Seniors
    		43.3%85.8%
    % WFH
    		8.9%29.0%
    % w/ College Degree
    		33.8%133.1%
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    As of the latest ACS Survey released in 2023, Reba, NC is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 13.4% in the last 5 years. The second most common race or ethnicity in Reba, NC is black, making up 28.7% of the population. Foreign-born residents account for 0.7% of the population in Reba, NC, and this percentage has decreased by 30.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.0%-13.4%
    % Black
    		28.7%57.7%
    % Hispanic
    		0.7%-75.9%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.7%-30.0%
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    Mortgage and Risk — Reba, NC

    According to HUD data as of 2023, there were 31 mortgage originations in Reba, NC, of which 74.0% 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 Reba, NC. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		31
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		3.0%
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    Rentals and Section 8 — Reba, NC

    Reba, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		45
    Total Units Section 8
    		45
    % Rentals under Section 8
    		23.6%
    % Occupied Section 8
    		77.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$840
    2 BedroomN/AN/A$1,040
    3 Bedroom-$180$1,600$1,420
    4 BedroomN/AN/A$1,770

    Affordability — Reba, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$193,000
    Median Household Income$58,400

    Reba, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pinetops, NC

    27852

    Falkland

    27827

    Farmville, NC

    27828

    Pinetops, NC

    27864

    Walstonburg, NC

    27888

    Frequently Asked Questions