Gaston, NC—27832
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 $110,000, with a year-over-year change of 2.0%. This indicates that home prices in Gaston, NC are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | 2.0% |
| Single Family | $110,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $73,000 | -1.4% |
3 Bed | $132,000 | 2.3% |
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 58. This is a increase of 51.0% 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 | $590,000 | 53.0% |
Listing Count | 1 | -9.0% |
| Listings as % of Homes | 0.2% | -9.0% |
Days on Market | 58 | 51.0% |
Demographics — Gaston, NC
As of the latest ACS Survey released in 2023, Gaston, NC has a population of 2,520, which has decreased by -15.9% over the past 5 years. Gaston, NC is a less popular place for families, as children make up 13.9% of the population. The area has a poorly educated workforce, with 12.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,520 | -15.9% |
% Under 18 | 13.9% | -11.5% |
% Seniors | 30.1% | 8.3% |
% WFH | 6.7% | 1.5% |
% w/ College Degree | 12.5% | -8.8% |
As of the latest ACS Survey released in 2023, Gaston, NC is a predominantly black area, with 68.7% of the population identifying as black. The black population has grown by 19.1% in the last 5 years. The second most common race or ethnicity in Gaston, NC is white, making up 25.2% of the population. Foreign-born residents account for 1.3% of the population in Gaston, NC, and this percentage has increased by 550.0% 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 | 25.2% | -30.2% |
% Black | 68.7% | 19.1% |
% Hispanic | 0.5% | -64.3% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 1.3% | 550.0% |
Mortgage and Risk — Gaston, NC
According to HUD data as of 2023, there were 27 mortgage originations in Gaston, NC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Gaston, NC. Investor activity is low, as 4.0% 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 | 27 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 7.0% |
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 | 104 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Gaston, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $110,000 |
| Median Household Income | $47,100 |