Newhope Proper, NC—27944
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newhope Proper, NC
As of Oct '25, the median home price in Newhope Proper, NC is $272,000, with a year-over-year change of 4.4%. This indicates that home prices in Newhope Proper, NC are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 4.4% |
| Single Family | $273,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | 3.7% |
3 Bed | $285,000 | 4.8% |
4 Bed | $395,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newhope Proper, NC
As of July '25, Rentcast reports the average rent in Newhope Proper, NC is $1,720, with a year-over-year rent change of 41.0%. Per bedroom, the median rent as of July '25 in Newhope Proper, NC is 2-bedrooms: $950, 3-bedrooms: $1,720, 4-bedrooms: $2,500. The most common rental property sizes in Newhope Proper, NC are 3-bedroom and 2-bedroom, accounting for 40.4% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | $1,500 | $1,720 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Newhope Proper, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Newhope Proper, NC is 70. This is a increase of 17.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $384,000 | -24.0% |
Listing Count | 108 | 45.0% |
| Listings as % of Homes | 0.7% | 45.0% |
Days on Market | 70 | 17.0% |
Demographics — Newhope Proper, NC
As of the latest ACS Survey released in 2023, Newhope Proper, NC has a population of 11,300, which has decreased by -6.0% over the past 5 years. Newhope Proper, NC is a moderately popular place for families, as children make up 16.2% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | -6.0% |
% Under 18 | 16.2% | -16.9% |
% Seniors | 31.1% | 11.5% |
% WFH | 7.7% | 8.5% |
% w/ College Degree | 20.4% | -4.7% |
As of the latest ACS Survey released in 2023, Newhope Proper, NC is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Newhope Proper, NC is black, making up 19.5% of the population. Foreign-born residents account for 2.7% of the population in Newhope Proper, NC, and this percentage has increased by 17.4% 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 | 71.2% | -1.1% |
% Black | 19.5% | -20.4% |
% Hispanic | 3.4% | 17.2% |
% Asian | 0.9% | 200.0% |
% Foreign Born | 2.7% | 17.4% |
Mortgage and Risk — Newhope Proper, NC
According to HUD data as of 2023, there were 272 mortgage originations in Newhope Proper, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Newhope Proper, 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 | 272 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Newhope Proper, NC
Newhope Proper, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 220 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $90 | $950 | $1,040 |
| 3 Bedroom | -$40 | $1,500 | $1,460 |
| 4 Bedroom | -$1,020 | $2,500 | $1,480 |
Affordability — Newhope Proper, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $272,000 |
| Median Household Income | $61,900 |