Scotland Neck, NC—27874
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scotland Neck, NC
As of Oct '25, the median home price in Scotland Neck, NC is $77,000, with a year-over-year change of -9.2%. This indicates that home prices in Scotland Neck, NC are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $77,000 | -9.2% |
| Single Family | $77,000 | -8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $33,000 | -17.5% |
3 Bed | $84,000 | -3.4% |
4 Bed | $150,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Scotland Neck, NC
As of July '25, Rentcast reports the average rent in Scotland Neck, NC is $1,100, with a year-over-year rent change of 63.0%. Per bedroom, the median rent as of July '25 in Scotland Neck, NC is 2-bedrooms: $1,000, 3-bedrooms: $1,100, 4-bedrooms: $1,200. The most common rental property sizes in Scotland Neck, NC are 3-bedroom and 2-bedroom, accounting for 34.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $1,000 | $1,100 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Scotland Neck, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Scotland Neck, NC is 66. This is a increase of 60.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | 16.0% |
Listing Count | 18 | 58.0% |
| Listings as % of Homes | 0.5% | 58.0% |
Days on Market | 66 | 60.0% |
Demographics — Scotland Neck, NC
As of the latest ACS Survey released in 2023, Scotland Neck, NC has a population of 3,680, which has decreased by -2.4% over the past 5 years. Scotland Neck, NC is a less popular place for families, as children make up 9.5% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | -2.4% |
% Under 18 | 9.5% | -34.9% |
% Seniors | 39.6% | 55.3% |
% WFH | 12.1% | 1,000.0% |
% w/ College Degree | 12.6% | 10.5% |
As of the latest ACS Survey released in 2023, Scotland Neck, NC is a predominantly black area, with 73.8% of the population identifying as black. The black population has grown by 17.7% in the last 5 years. The second most common race or ethnicity in Scotland Neck, NC is white, making up 25.3% of the population. Foreign-born residents account for 1.4% of the population in Scotland Neck, NC, and this percentage has increased by 16.7% 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 | 25.3% | -20.7% |
% Black | 73.8% | 17.7% |
% Hispanic | 0.4% | -84.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | 16.7% |
Mortgage and Risk — Scotland Neck, NC
According to HUD data as of 2023, there were 43 mortgage originations in Scotland Neck, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Scotland Neck, NC. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Scotland Neck, NC
Scotland Neck, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 121 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 70.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | -$70 | $1,000 | $930 |
| 3 Bedroom | $140 | $1,000 | $1,140 |
| 4 Bedroom | $190 | $1,200 | $1,390 |
Affordability — Scotland Neck, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $77,000 |
| Median Household Income | $37,500 |