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Ellenboro, NC—28040

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$192,000
4.3% YoY Growth
Household Income
$58,000
48.9% YoY Growth
Days on Market
40
4.0% Shorter YoY
Home Price Forecast
-0.6%
Median Rent
$1,050
31.2% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,050
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ellenboro, NC

As of May '26, the median home price in Ellenboro, NC is $192,000, with a year-over-year change of 4.3%. This indicates that home prices in Ellenboro, NC are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$192,0004.3%
Single Family $192,0005.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$143,0000.7%
    3 Bed
    		$227,0006.6%
    4 Bed
    		$307,0008.9%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.6%
    2 Bedrooms
    29.7%
    3 Bedrooms
    50.2%
    4 Bedrooms
    10.2%
    5+ Bedrooms
    6.3%

    Rental Trends — Ellenboro, NC

    As of July '25, Rentcast reports the average rent in Ellenboro, NC is $1,050, with a year-over-year rent change of 31.2%. Per bedroom, the median rent as of July '25 in Ellenboro, NC is 2-bedrooms: $1,050. The most common rental property sizes in Ellenboro, NC are 2-bedroom and 3-bedroom, accounting for 56.4% and 36.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,050
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,050$1,050
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    56.4%
    3 Bedrooms
    36.8%
    4 Bedrooms
    6.8%

    Property Listings — Ellenboro, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Ellenboro, NC is 40. 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$250,000-18.0%
    Listing Count
    		3467.0%
    Listings as % of Homes0.6%67.0%
    Days on Market
    		40-4.0%
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    Demographics — Ellenboro, NC

    As of the latest ACS Survey released in 2023, Ellenboro, NC has a population of 7,050, which has decreased by -8.9% over the past 5 years. Ellenboro, NC is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,050-8.9%
    % Under 18
    		19.9%0.0%
    % Seniors
    		18.1%0.6%
    % WFH
    		4.5%-27.4%
    % w/ College Degree
    		18.3%27.1%
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    As of the latest ACS Survey released in 2023, Ellenboro, NC is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Ellenboro, NC is black, making up 3.5% of the population. Foreign-born residents account for 2.9% of the population in Ellenboro, NC, and this percentage has increased by 866.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.5%-0.6%
    % Black
    		3.5%-54.5%
    % Hispanic
    		3.5%218.2%
    % Asian
    		0.3%∞%
    % Foreign Born
    		2.9%866.7%
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    Mortgage and Risk — Ellenboro, NC

    According to HUD data as of 2023, there were 126 mortgage originations in Ellenboro, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Ellenboro, NC. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		126
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Ellenboro, NC

    Ellenboro, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		14
    Total Units Section 8
    		13
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$800
    2 Bedroom-$120$1,050$930
    3 BedroomN/AN/A$1,260
    4 BedroomN/AN/A$1,440

    Affordability — Ellenboro, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$192,000
    Median Household Income$58,000

    Ellenboro, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bostic, NC

    28018

    Lattimore

    28089

    Henrietta

    28076

    Forest City, NC

    28043

    Mooresboro, NC

    28114

    Frequently Asked Questions