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Colington, NC—27948

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$525,000
0.5% YoY Growth
Household Income
$85,300
48.5% YoY Growth
Days on Market
59
7.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$3,300
24.6% YoY Growth
1-Bed Rent
$1,400
17.6% YoY Growth
2-Bed Rent
$2,600
32.3% YoY Growth
3-Bed Rent
$3,380
33.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Colington, NC

As of May '26, the median home price in Colington, NC is $525,000, with a year-over-year change of 0.5%. This indicates that home prices in Colington, NC are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$525,0000.5%
Single Family $533,0000.8%
Condos $456,000-2.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $317,000
    -3.4%
    2 Bed
    		$394,000-1.0%
    3 Bed
    		$508,0000.4%
    4 Bed
    		$650,0000.2%
    5 Bed $1,104,847-0.2%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    2.5%
    2 Bedrooms
    22.9%
    3 Bedrooms
    49.3%
    4 Bedrooms
    20.4%
    5+ Bedrooms
    4.2%

    Rental Trends — Colington, NC

    As of July '25, Rentcast reports the average rent in Colington, NC is $3,190, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Colington, NC is 1-bedrooms: $1,400, 2-bedrooms: $2,500, 3-bedrooms: $3,410. The most common rental property sizes in Colington, NC are 3-bedroom and 2-bedroom, accounting for 46.3% and 36.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,300$3,190
    Studio Rent N/AN/A
    1 Bed Rent $1,400$1,400
    2 Bed Rent $2,600$2,500
    3 Bed Rent $3,380$3,410
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.5%
    1 Bedroom
    7.5%
    2 Bedrooms
    36.0%
    3 Bedrooms
    46.3%
    4 Bedrooms
    8.6%

    Property Listings — Colington, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Colington, NC is 59. This is a increase of 7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$600,0000.0%
    Listing Count
    		190-2.0%
    Listings as % of Homes1.4%-2.0%
    Days on Market
    		597.0%
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    Demographics — Colington, NC

    As of the latest ACS Survey released in 2023, Colington, NC has a population of 12,600, which has increased by 13.6% over the past 5 years. Colington, NC is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,60013.6%
    % Under 18
    		16.4%-14.6%
    % Seniors
    		17.8%14.8%
    % WFH
    		11.7%80.0%
    % w/ College Degree
    		43.3%61.0%
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    As of the latest ACS Survey released in 2023, Colington, NC is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Colington, NC is hispanic, making up 9.1% of the population. Foreign-born residents account for 5.4% of the population in Colington, NC, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.3%-3.0%
    % Black
    		0.7%-56.2%
    % Hispanic
    		9.1%19.7%
    % Asian
    		0.8%33.3%
    % Foreign Born
    		5.4%-10.0%
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    Mortgage and Risk — Colington, NC

    According to HUD data as of 2023, there were 400 mortgage originations in Colington, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Colington, NC. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		400
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		28.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Colington, NC

    Colington, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		17
    Total Units Section 8
    		17
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		69.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$50$1,400$1,350
    2 Bedroom-$1,100$2,600$1,500
    3 Bedroom-$1,390$3,380$1,990
    4 BedroomN/AN/A$2,040

    Affordability — Colington, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$525,000
    Median Household Income$85,300

    Colington, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions