Hobbsville, NC—27979
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hobbsville, NC
Home Price Trends — Hobbsville, NC
As of Oct '25, the median home price in Hobbsville, NC is $220,000, with a year-over-year change of 14.0%. This indicates that home prices in Hobbsville, NC are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 14.0% |
| Single Family | $220,000 | 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 | $232,000 | 15.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hobbsville, NC
Hobbsville, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hobbsville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Hobbsville, NC is 72. This is a increase of 69.0% 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 | $211,000 | -29.0% |
Listing Count | 4 | -30.0% |
| Listings as % of Homes | 0.2% | -30.0% |
Days on Market | 72 | 69.0% |
Demographics — Hobbsville, NC
As of the latest ACS Survey released in 2023, Hobbsville, NC has a population of 1,060, which has decreased by -31.5% over the past 5 years. Hobbsville, NC is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | -31.5% |
% Under 18 | 27.4% | 79.1% |
% Seniors | 27.4% | 11.4% |
% WFH | 8.3% | ∞% |
% w/ College Degree | 14.5% | 0.0% |
As of the latest ACS Survey released in 2023, Hobbsville, NC is a predominantly white area, with 82.0% of the population identifying as white. The white population has grown by 32.9% in the last 5 years. The second most common race or ethnicity in Hobbsville, NC is black, making up 11.0% of the population. Foreign-born residents account for 4.6% of the population in Hobbsville, NC, and this percentage has increased by 283.3% 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 | 82.0% | 32.9% |
% Black | 11.0% | -70.4% |
% Hispanic | 0.8% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.6% | 283.3% |
Mortgage and Risk — Hobbsville, NC
According to HUD data as of 2023, there were 52 mortgage originations in Hobbsville, NC, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Hobbsville, NC. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hobbsville, NC
Hobbsville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | -$40 | $1,700 | $1,660 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Hobbsville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $220,000 |
| Median Household Income | $54,300 |