Gatesville, NC—27938
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gatesville, NC
As of Oct '25, the median home price in Gatesville, NC is $212,000, with a year-over-year change of 13.5%. This indicates that home prices in Gatesville, NC are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 13.5% |
| Single Family | $212,000 | 14.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $214,000 | 14.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gatesville, NC
Gatesville, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gatesville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gatesville, NC is 71. This is a increase of 35.0% 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 | $300,000 | 6.0% |
Listing Count | 6 | 46.0% |
| Listings as % of Homes | 0.3% | 46.0% |
Days on Market | 71 | 35.0% |
Demographics — Gatesville, NC
As of the latest ACS Survey released in 2023, Gatesville, NC has a population of 1,860, which has increased by 47.7% over the past 5 years. Gatesville, NC is a less popular place for families, as children make up 13.6% of the population. The area has a poorly educated workforce, with 7.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,860 | 47.7% |
% Under 18 | 13.6% | -8.1% |
% Seniors | 19.6% | -14.4% |
% WFH | 3.4% | -26.1% |
% w/ College Degree | 7.4% | -6.3% |
As of the latest ACS Survey released in 2023, Gatesville, NC is a predominantly black area, with 51.1% of the population identifying as black. The black population has grown by 28.7% in the last 5 years. The second most common race or ethnicity in Gatesville, NC is white, making up 41.9% of the population. Foreign-born residents account for 2.3% of the population in Gatesville, NC, and this percentage has increased by Inf% 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 | 41.9% | -23.7% |
% Black | 51.1% | 28.7% |
% Hispanic | 7.0% | 112.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.3% | ∞% |
Mortgage and Risk — Gatesville, NC
Gatesville, NC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Gatesville, NC
Gatesville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,160 |
| 2 Bedroom | N/A | N/A | $1,320 |
| 3 Bedroom | $370 | $1,400 | $1,770 |
| 4 Bedroom | N/A | N/A | $2,190 |
Affordability — Gatesville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $212,000 |
| Median Household Income | $49,800 |