Albemarle, NC—28001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albemarle, NC
As of Oct '25, the median home price in Albemarle, NC is $255,000, with a year-over-year change of 0.3%. This indicates that home prices in Albemarle, NC are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 0.3% |
| Single Family | $255,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | -6.6% |
2 Bed | $170,000 | -1.2% |
3 Bed | $273,000 | 0.0% |
4 Bed | $351,000 | 1.7% |
| 5 Bed | $409,000 | 1.7% |
% of Housing Stock
Rental Trends — Albemarle, NC
As of July '25, Rentcast reports the average rent in Albemarle, NC is $1,460, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Albemarle, NC is studios: $1,350, 1-bedrooms: $1,100, 2-bedrooms: $1,220, 3-bedrooms: $1,730, 4-bedrooms: $1,850. The most common rental property sizes in Albemarle, NC are 3-bedroom and 2-bedroom, accounting for 34.7% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,460 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $925 | $1,100 |
| 2 Bed Rent | $1,050 | $1,220 |
| 3 Bed Rent | $1,700 | $1,730 |
| 4 Bed Rent | $1,600 | $1,850 |
% of Rental Stock
Property Listings — Albemarle, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Albemarle, NC is 72. This is a increase of 20.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | 0.0% |
Listing Count | 196 | 29.0% |
| Listings as % of Homes | 1.0% | 29.0% |
Days on Market | 72 | 20.0% |
Demographics — Albemarle, NC
As of the latest ACS Survey released in 2023, Albemarle, NC has a population of 26,200, which has decreased by -1.6% over the past 5 years. Albemarle, NC is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | -1.6% |
% Under 18 | 20.2% | -11.8% |
% Seniors | 21.8% | 11.2% |
% WFH | 7.0% | 204.3% |
% w/ College Degree | 20.6% | 29.6% |
As of the latest ACS Survey released in 2023, Albemarle, NC is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Albemarle, NC is black, making up 14.9% of the population. Foreign-born residents account for 4.5% of the population in Albemarle, NC, and this percentage has increased by 40.6% 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 | 74.6% | -2.4% |
% Black | 14.9% | 0.7% |
% Hispanic | 5.3% | 12.8% |
% Asian | 2.7% | 50.0% |
% Foreign Born | 4.5% | 40.6% |
Mortgage and Risk — Albemarle, NC
According to HUD data as of 2023, there were 874 mortgage originations in Albemarle, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Albemarle, NC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 874 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Albemarle, NC
Albemarle, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 619 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$155 | $925 | $770 |
| 2 Bedroom | -$40 | $1,050 | $1,010 |
| 3 Bedroom | -$320 | $1,700 | $1,380 |
| 4 Bedroom | $80 | $1,600 | $1,680 |
Affordability — Albemarle, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $255,000 |
| Median Household Income | $55,600 |