Gastonia, NC—28054
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 $267,000, 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 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | 0.4% |
| Single Family | $271,000 | 0.7% |
| Condos | $196,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $128,000 | -4.5% |
2 Bed | $173,000 | -2.3% |
3 Bed | $278,000 | 0.7% |
4 Bed | $358,000 | 1.4% |
| 5 Bed | $519,000 | 1.8% |
% of Housing Stock
Rental Trends — Gastonia, NC
As of July '25, Rentcast reports the average rent in Gastonia, NC is $1,590, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Gastonia, NC is studios: $948, 1-bedrooms: $1,140, 2-bedrooms: $1,260, 3-bedrooms: $1,790, 4-bedrooms: $2,140. The most common rental property sizes in Gastonia, NC are 2-bedroom and 1-bedroom, accounting for 52.8% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,590 |
| Studio Rent | $948 | $948 |
| 1 Bed Rent | $1,150 | $1,140 |
| 2 Bed Rent | $1,300 | $1,260 |
| 3 Bed Rent | $1,820 | $1,790 |
| 4 Bed Rent | $2,030 | $2,140 |
% 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 63. This is a increase of 12.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | -3.0% |
Listing Count | 174 | 7.0% |
| Listings as % of Homes | 0.7% | 7.0% |
Days on Market | 63 | 12.0% |
Demographics — Gastonia, NC
As of the latest ACS Survey released in 2023, Gastonia, NC has a population of 39,500, which has increased by 5.8% over the past 5 years. Gastonia, NC is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,500 | 5.8% |
% Under 18 | 22.0% | -3.5% |
% Seniors | 18.3% | 5.8% |
% WFH | 8.2% | 192.9% |
% w/ College Degree | 24.5% | 23.1% |
As of the latest ACS Survey released in 2023, Gastonia, NC is a predominantly white area, with 54.0% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Gastonia, NC is black, making up 29.9% of the population. Foreign-born residents account for 6.4% of the population in Gastonia, NC, and this percentage has decreased by 22.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.0% | -11.2% |
% Black | 29.9% | 24.6% |
% Hispanic | 9.6% | 0.0% |
% Asian | 1.2% | -45.5% |
% Foreign Born | 6.4% | -22.9% |
Mortgage and Risk — Gastonia, NC
According to HUD data as of 2023, there were 807 mortgage originations in Gastonia, NC, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Gastonia, 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 | 807 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% 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 10.3%. 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 | 1,068 |
Total Units Section 8 | 957 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,150 | $1,440 |
| 2 Bedroom | $290 | $1,300 | $1,590 |
| 3 Bedroom | $140 | $1,820 | $1,960 |
| 4 Bedroom | $460 | $2,030 | $2,490 |
Affordability — Gastonia, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $267,000 |
| Median Household Income | $59,500 |