Kannapolis, NC—28081
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Kannapolis, NC
Home Price Trends — Kannapolis, NC
As of Oct '25, the median home price in Kannapolis, NC is $290,000, with a year-over-year change of -1.2%. This indicates that home prices in Kannapolis, NC are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | -1.2% |
| Single Family | $290,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $161,000 | -1.8% |
2 Bed | $202,000 | -4.7% |
3 Bed | $307,000 | -1.0% |
4 Bed | $430,000 | -0.2% |
| 5 Bed | $561,000 | -0.5% |
% of Housing Stock
Rental Trends — Kannapolis, NC
As of July '25, Rentcast reports the average rent in Kannapolis, NC is $1,680, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Kannapolis, NC is studios: $1,230, 1-bedrooms: $1,130, 2-bedrooms: $1,310, 3-bedrooms: $1,780, 4-bedrooms: $2,230. The most common rental property sizes in Kannapolis, NC are 2-bedroom and 3-bedroom, accounting for 45.6% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,680 |
| Studio Rent | $1,180 | $1,230 |
| 1 Bed Rent | $1,000 | $1,130 |
| 2 Bed Rent | $1,250 | $1,310 |
| 3 Bed Rent | $1,760 | $1,780 |
| 4 Bed Rent | $2,250 | $2,230 |
% of Rental Stock
Property Listings — Kannapolis, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Kannapolis, NC is 44. This is a increase of 16.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 3.0% |
Listing Count | 150 | 36.0% |
| Listings as % of Homes | 0.7% | 36.0% |
Days on Market | 44 | 16.0% |
Demographics — Kannapolis, NC
As of the latest ACS Survey released in 2023, Kannapolis, NC has a population of 29,100, which has increased by 5.5% over the past 5 years. Kannapolis, NC is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 5.5% |
% Under 18 | 24.1% | -13.3% |
% Seniors | 15.0% | 6.4% |
% WFH | 10.4% | 136.4% |
% w/ College Degree | 26.0% | 28.1% |
As of the latest ACS Survey released in 2023, Kannapolis, NC is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Kannapolis, NC is black, making up 18.2% of the population. Foreign-born residents account for 7.8% of the population in Kannapolis, NC, and this percentage has increased by 20.0% 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 | 64.8% | -2.8% |
% Black | 18.2% | 5.2% |
% Hispanic | 11.5% | -13.5% |
% Asian | 1.1% | 0.0% |
% Foreign Born | 7.8% | 20.0% |
Mortgage and Risk — Kannapolis, NC
According to HUD data as of 2023, there were 949 mortgage originations in Kannapolis, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Kannapolis, NC. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 949 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Kannapolis, NC
As of 2024, the percent of homes in Kannapolis, NC under the Section 8 program is 6.9%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Kannapolis, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 314 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,000 | $1,150 |
| 2 Bedroom | $70 | $1,250 | $1,320 |
| 3 Bedroom | -$90 | $1,760 | $1,670 |
| 4 Bedroom | -$130 | $2,250 | $2,120 |
Affordability — Kannapolis, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $290,000 |
| Median Household Income | $69,200 |