China Grove, NC—28023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — China Grove, NC
As of Oct '25, the median home price in China Grove, NC is $286,000, with a year-over-year change of 1.0%. This indicates that home prices in China Grove, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 1.0% |
| Single Family | $286,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 2.0% |
3 Bed | $309,000 | 1.6% |
4 Bed | $427,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — China Grove, NC
As of July '25, Rentcast reports the average rent in China Grove, NC is $1,600, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in China Grove, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,150, 3-bedrooms: $1,840, 4-bedrooms: $1,590. The most common rental property sizes in China Grove, NC are 2-bedroom and 3-bedroom, accounting for 63.0% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $1,590 | $1,590 |
% of Rental Stock
Property Listings — China Grove, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in China Grove, NC is 48. This is a decrease of -4.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 5.0% |
Listing Count | 70 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 48 | -4.0% |
Demographics — China Grove, NC
As of the latest ACS Survey released in 2023, China Grove, NC has a population of 15,300, which has decreased by -2.4% over the past 5 years. China Grove, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | -2.4% |
% Under 18 | 20.6% | -10.8% |
% Seniors | 15.7% | -1.3% |
% WFH | 8.6% | 65.4% |
% w/ College Degree | 18.1% | 9.7% |
As of the latest ACS Survey released in 2023, China Grove, NC is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 13.2% in the last 5 years. The second most common race or ethnicity in China Grove, NC is hispanic, making up 15.8% of the population. Foreign-born residents account for 7.5% of the population in China Grove, NC, and this percentage has increased by 44.2% 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 | 74.3% | -13.2% |
% Black | 5.7% | 39.0% |
% Hispanic | 15.8% | 135.8% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 7.5% | 44.2% |
Mortgage and Risk — China Grove, NC
According to HUD data as of 2023, there were 308 mortgage originations in China Grove, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in China Grove, NC. Investor activity is low, as 2.0% 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 | 308 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — China Grove, NC
As of 2024, the percent of homes in China Grove, NC under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in China Grove, NC, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,300 | $1,040 |
| 2 Bedroom | $170 | $1,100 | $1,270 |
| 3 Bedroom | -$130 | $1,800 | $1,670 |
| 4 Bedroom | $540 | $1,590 | $2,130 |
Affordability — China Grove, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $286,000 |
| Median Household Income | $62,100 |