Whalebone, NC—27959
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Whalebone, NC
As of Oct '25, the median home price in Whalebone, NC is $713,000, with a year-over-year change of -1.0%. This indicates that home prices in Whalebone, NC are decreasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $713,000 | -1.0% |
| Single Family | $735,000 | -0.9% |
| Condos | $553,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $471,000 | -2.3% |
3 Bed | $589,000 | 0.2% |
4 Bed | $740,000 | -1.1% |
| 5 Bed | $1,318,000 | -1.6% |
% of Housing Stock
Rental Trends — Whalebone, NC
As of July '25, Rentcast reports the average rent in Whalebone, NC is $1,350, with a year-over-year rent change of -55.3%. Per bedroom, the median rent as of July '25 in Whalebone, NC is 1-bedrooms: $1,350. The most common rental property sizes in Whalebone, NC are 2-bedroom and 3-bedroom, accounting for 28.0% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Whalebone, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Whalebone, NC is 50. This is a decrease of -2.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $739,000 | -15.0% |
Listing Count | 78 | 4.0% |
| Listings as % of Homes | 1.0% | 4.0% |
Days on Market | 50 | -2.0% |
Demographics — Whalebone, NC
As of the latest ACS Survey released in 2023, Whalebone, NC has a population of 3,170, which has increased by 9.1% over the past 5 years. Whalebone, NC is a less popular place for families, as children make up 11.9% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,170 | 9.1% |
% Under 18 | 11.9% | -27.4% |
% Seniors | 42.3% | 100.5% |
% WFH | 15.1% | 62.4% |
% w/ College Degree | 51.5% | 31.4% |
As of the latest ACS Survey released in 2023, Whalebone, NC is a predominantly white area, with 92.4% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Whalebone, NC is hispanic, making up 4.0% of the population. Foreign-born residents account for 1.8% of the population in Whalebone, NC, and this percentage has increased by 28.6% 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 | 92.4% | 2.3% |
% Black | 1.1% | -47.6% |
% Hispanic | 4.0% | 150.0% |
% Asian | 0.7% | ∞% |
% Foreign Born | 1.8% | 28.6% |
Mortgage and Risk — Whalebone, NC
According to HUD data as of 2023, there were 162 mortgage originations in Whalebone, NC, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Whalebone, NC. Investor activity is low, as 9.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 9.0% |
% Second Loans | 40.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Whalebone, NC
Whalebone, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,350 | $1,150 |
| 2 Bedroom | N/A | N/A | $1,280 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Whalebone, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $713,000 |
| Median Household Income | $87,600 |