Roanoke Rapids, NC—27870
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roanoke Rapids, NC
As of Oct '25, the median home price in Roanoke Rapids, NC is $116,000, with a year-over-year change of -1.0%. This indicates that home prices in Roanoke Rapids, NC are flat. 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 | $116,000 | -1.0% |
| Single Family | $116,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $83,000 | -1.2% |
3 Bed | $142,000 | 2.9% |
4 Bed | $240,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Roanoke Rapids, NC
As of July '25, Rentcast reports the average rent in Roanoke Rapids, NC is $1,000, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Roanoke Rapids, NC is 1-bedrooms: $540, 2-bedrooms: $856, 3-bedrooms: $1,340, 4-bedrooms: $1,250. The most common rental property sizes in Roanoke Rapids, NC are 2-bedroom and 3-bedroom, accounting for 40.9% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $540 |
| 2 Bed Rent | $800 | $856 |
| 3 Bed Rent | $1,300 | $1,340 |
| 4 Bed Rent | $1,250 | $1,250 |
% of Rental Stock
Property Listings — Roanoke Rapids, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Roanoke Rapids, NC is 60. This is a decrease of -26.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | -2.0% |
Listing Count | 77 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 60 | -26.0% |
Demographics — Roanoke Rapids, NC
As of the latest ACS Survey released in 2023, Roanoke Rapids, NC has a population of 24,800, which has decreased by -3.9% over the past 5 years. Roanoke Rapids, NC is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | -3.9% |
% Under 18 | 24.0% | -3.2% |
% Seniors | 19.5% | 7.1% |
% WFH | 8.4% | 500.0% |
% w/ College Degree | 19.0% | 6.7% |
As of the latest ACS Survey released in 2023, Roanoke Rapids, NC is a predominantly white area, with 47.1% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Roanoke Rapids, NC is black, making up 40.6% of the population. Foreign-born residents account for 3.3% of the population in Roanoke Rapids, NC, and this percentage has increased by 73.7% 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 | 47.1% | -7.6% |
% Black | 40.6% | -6.9% |
% Hispanic | 4.9% | 69.0% |
% Asian | 1.3% | 62.5% |
% Foreign Born | 3.3% | 73.7% |
Mortgage and Risk — Roanoke Rapids, NC
According to HUD data as of 2023, there were 286 mortgage originations in Roanoke Rapids, NC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Roanoke Rapids, NC. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Roanoke Rapids, NC
Roanoke Rapids, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 926 |
Total Units Section 8 | 615 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 71.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $600 | $750 |
| 2 Bedroom | $150 | $800 | $950 |
| 3 Bedroom | -$130 | $1,300 | $1,170 |
| 4 Bedroom | $170 | $1,250 | $1,420 |
Affordability — Roanoke Rapids, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $116,000 |
| Median Household Income | $49,000 |