Gastonia, NC—28052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gastonia, NC
As of Oct '25, the median home price in Gastonia, NC is $208,000, with a year-over-year change of -0.4%. This indicates that home prices in Gastonia, NC are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | -0.4% |
| Single Family | $210,000 | 0.0% |
| Condos | $122,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $123,000 | -1.6% |
2 Bed | $149,000 | -2.0% |
3 Bed | $233,000 | 0.4% |
4 Bed | $303,000 | 1.0% |
| 5 Bed | $374,000 | 3.0% |
% of Housing Stock
Rental Trends — Gastonia, NC
As of July '25, Rentcast reports the average rent in Gastonia, NC is $1,500, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Gastonia, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,270, 3-bedrooms: $1,610, 4-bedrooms: $1,930. The most common rental property sizes in Gastonia, NC are 3-bedroom and 2-bedroom, accounting for 47.0% and 38.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,300 |
| 2 Bed Rent | $1,250 | $1,270 |
| 3 Bed Rent | $1,600 | $1,610 |
| 4 Bed Rent | $1,920 | $1,930 |
% of Rental Stock
Property Listings — Gastonia, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gastonia, NC is 48. This is a decrease of -8.0% 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 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 | $280,000 | 3.0% |
Listing Count | 298 | 37.0% |
| Listings as % of Homes | 0.8% | 37.0% |
Days on Market | 48 | -8.0% |
Demographics — Gastonia, NC
As of the latest ACS Survey released in 2023, Gastonia, NC has a population of 36,900, which has increased by 4.5% over the past 5 years. Gastonia, NC is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | 4.5% |
% Under 18 | 27.4% | 6.2% |
% Seniors | 13.0% | -1.5% |
% WFH | 6.9% | 213.6% |
% w/ College Degree | 16.3% | 31.5% |
As of the latest ACS Survey released in 2023, Gastonia, NC is a predominantly white area, with 46.3% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Gastonia, NC is black, making up 33.5% of the population. Foreign-born residents account for 7.4% of the population in Gastonia, NC, and this percentage has increased by 29.8% 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 | 46.3% | -12.6% |
% Black | 33.5% | 1.2% |
% Hispanic | 16.2% | 39.7% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 7.4% | 29.8% |
Mortgage and Risk — Gastonia, NC
According to HUD data as of 2023, there were 704 mortgage originations in Gastonia, NC, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Gastonia, NC. Investor activity is low, as 4.0% 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 | 704 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gastonia, NC
As of 2024, the percent of homes in Gastonia, NC under the Section 8 program is 14.2%. 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. In Gastonia, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 900 |
Total Units Section 8 | 882 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,100 | $1,220 |
| 2 Bedroom | $100 | $1,250 | $1,350 |
| 3 Bedroom | $70 | $1,600 | $1,670 |
| 4 Bedroom | $190 | $1,920 | $2,110 |
Affordability — Gastonia, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $208,000 |
| Median Household Income | $46,000 |