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Denver, NC—28037

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$550,000
0.1% YoY Growth
Household Income
$110,000
45.4% YoY Growth
Days on Market
44
6.0% Longer YoY
Home Price Forecast
0.2%
Median Rent
$2,380
7.0% YoY Growth
1-Bed Rent
$1,310
14.9% YoY Growth
2-Bed Rent
$1,500
17.7% YoY Growth
3-Bed Rent
$2,350
11.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Denver, NC

As of May '26, the median home price in Denver, NC is $550,000, with a year-over-year change of 0.1%. This indicates that home prices in Denver, NC are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$550,0000.1%
Single Family $560,000-0.4%
Condos $348,0003.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$456,0000.0%
    3 Bed
    		$457,0000.0%
    4 Bed
    		$684,0000.0%
    5 Bed $756,886-0.2%
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    % of Housing Stock

    1 Bedroom
    2.0%
    2 Bedrooms
    17.4%
    3 Bedrooms
    45.0%
    4 Bedrooms
    23.4%
    5+ Bedrooms
    12.1%

    Rental Trends — Denver, NC

    As of July '25, Rentcast reports the average rent in Denver, NC is $2,430, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Denver, NC is 1-bedrooms: $1,390, 2-bedrooms: $1,930, 3-bedrooms: $2,390, 4-bedrooms: $2,830. The most common rental property sizes in Denver, NC are 2-bedroom and 3-bedroom, accounting for 53.5% and 29.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,380$2,430
    Studio Rent N/AN/A
    1 Bed Rent $1,310$1,390
    2 Bed Rent $1,500$1,930
    3 Bed Rent $2,350$2,390
    4 Bed Rent $2,700$2,830
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    % of Rental Stock

    1 Bedroom
    8.7%
    2 Bedrooms
    53.5%
    3 Bedrooms
    29.1%
    4 Bedrooms
    4.1%
    5+ Bedrooms
    4.6%

    Property Listings — Denver, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Denver, NC is 44. This is a increase of 6.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$590,000-6.0%
    Listing Count
    		2934.0%
    Listings as % of Homes1.2%4.0%
    Days on Market
    		446.0%
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    Demographics — Denver, NC

    As of the latest ACS Survey released in 2023, Denver, NC has a population of 27,100, which has increased by 34.9% over the past 5 years. Denver, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,10034.9%
    % Under 18
    		20.5%-4.7%
    % Seniors
    		20.2%25.5%
    % WFH
    		20.3%123.1%
    % w/ College Degree
    		45.7%19.9%
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    As of the latest ACS Survey released in 2023, Denver, NC is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Denver, NC is hispanic, making up 4.4% of the population. Foreign-born residents account for 3.5% of the population in Denver, NC, and this percentage has decreased by 10.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.7%-3.2%
    % Black
    		1.9%18.8%
    % Hispanic
    		4.4%41.9%
    % Asian
    		0.8%-42.9%
    % Foreign Born
    		3.5%-10.3%
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    Mortgage and Risk — Denver, NC

    According to HUD data as of 2023, there were 1196 mortgage originations in Denver, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Denver, 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

    MetricZip Code Average
    Total Loan Originations
    		1,196
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Denver, NC

    As of 2024, the percent of homes in Denver, NC under the Section 8 program is 0.7%. 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. In Denver, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		13
    Total Units Section 8
    		13
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		80.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$140$1,310$1,170
    2 Bedroom-$190$1,500$1,310
    3 Bedroom-$550$2,350$1,800
    4 Bedroom-$760$2,700$1,940

    Affordability — Denver, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$550,000
    Median Household Income$110,000

    Denver, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    28682

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    28673

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    Frequently Asked Questions