Halifax, NC—27839
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Halifax, NC
As of Oct '25, the median home price in Halifax, NC is $87,000, with a year-over-year change of -4.7%. This indicates that home prices in Halifax, NC are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $87,000 | -4.7% |
| Single Family | $87,000 | -4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | -10.3% |
3 Bed | $117,000 | 0.9% |
4 Bed | $230,000 | 9.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Halifax, NC
Halifax, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Halifax, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Halifax, NC is 194. This is a increase of 893.0% 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 | $258,000 | 40.0% |
Listing Count | 4 | 62.0% |
| Listings as % of Homes | 0.3% | 62.0% |
Days on Market | 194 | 893.0% |
Demographics — Halifax, NC
As of the latest ACS Survey released in 2023, Halifax, NC has a population of 3,600, which has increased by 2.6% over the past 5 years. Halifax, NC is a less popular place for families, as children make up 12.7% of the population. The area has a poorly educated workforce, with 12.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,600 | 2.6% |
% Under 18 | 12.7% | 1.6% |
% Seniors | 21.1% | -11.3% |
% WFH | 7.5% | 134.4% |
% w/ College Degree | 12.0% | 62.2% |
As of the latest ACS Survey released in 2023, Halifax, NC is a predominantly black area, with 48.3% of the population identifying as black. The black population has shrunk by 25.8% in the last 5 years. The second most common race or ethnicity in Halifax, NC is white, making up 44.4% of the population. Foreign-born residents account for 1.6% of the population in Halifax, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.4% | 51.5% |
% Black | 48.3% | -25.8% |
% Hispanic | 1.6% | -5.9% |
% Asian | 1.6% | 433.3% |
% Foreign Born | 1.6% | 0.0% |
Mortgage and Risk — Halifax, NC
According to HUD data as of 2023, there were 25 mortgage originations in Halifax, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Halifax, NC. Investor activity is low, as 4.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Halifax, NC
Halifax, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | -$600 | $1,800 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Halifax, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $87,000 |
| Median Household Income | $51,800 |