Gaston, NC—27831
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gaston, NC
Home Price Trends — Gaston, NC
As of Oct '25, the median home price in Gaston, NC is $82,000, with a year-over-year change of 2.4%. This indicates that home prices in Gaston, NC are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $82,000 | 2.4% |
| Single Family | $82,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $48,000 | 6.7% |
3 Bed | $94,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gaston, NC
Gaston, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gaston, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gaston, NC is 203. This is a increase of 206.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $119,000 | 42.0% |
Listing Count | 3 | 350.0% |
| Listings as % of Homes | 0.3% | 350.0% |
Days on Market | 203 | 206.0% |
Demographics — Gaston, NC
As of the latest ACS Survey released in 2023, Gaston, NC has a population of 2,640, which has decreased by -17.5% over the past 5 years. Gaston, NC is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,640 | -17.5% |
% Under 18 | 17.5% | 0.0% |
% Seniors | 31.4% | 27.1% |
% WFH | 7.7% | 208.0% |
% w/ College Degree | 13.5% | 39.2% |
As of the latest ACS Survey released in 2023, Gaston, NC is a predominantly black area, with 83.3% of the population identifying as black. The black population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Gaston, NC is white, making up 10.2% of the population. Foreign-born residents account for 1.2% of the population in Gaston, NC, and this percentage has decreased by 62.5% 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 | 10.2% | -32.0% |
% Black | 83.3% | 2.0% |
% Hispanic | 4.5% | 73.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -62.5% |
Mortgage and Risk — Gaston, NC
According to HUD data as of 2023, there were 11 mortgage originations in Gaston, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 87.0%, with 64.0% above 90% LTV (very high). This implies large mortgage risk in Gaston, NC. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Gaston, NC
Gaston, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Gaston, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $82,000 |
| Median Household Income | $34,300 |