Lowell, NC—28098
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lowell, NC
As of Oct '25, the median home price in Lowell, NC is $262,000, with a year-over-year change of 0.7%. This indicates that home prices in Lowell, NC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 0.7% |
| Single Family | $262,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | -0.5% |
3 Bed | $279,000 | 1.5% |
4 Bed | $347,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lowell, NC
As of July '25, Rentcast reports the average rent in Lowell, NC is $1,780, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Lowell, NC is 2-bedrooms: $1,560, 3-bedrooms: $1,840, 4-bedrooms: $2,190. The most common rental property sizes in Lowell, NC are 3-bedroom and 2-bedroom, accounting for 36.8% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,560 |
| 3 Bed Rent | $1,860 | $1,840 |
| 4 Bed Rent | $2,120 | $2,190 |
% of Rental Stock
Property Listings — Lowell, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lowell, NC is 47. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | 3.0% |
Listing Count | 22 | 33.0% |
| Listings as % of Homes | 0.8% | 33.0% |
Days on Market | 47 | -4.0% |
Demographics — Lowell, NC
As of the latest ACS Survey released in 2023, Lowell, NC has a population of 3,750, which has increased by 3.2% over the past 5 years. Lowell, NC is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,750 | 3.2% |
% Under 18 | 21.6% | 13.1% |
% Seniors | 15.5% | -16.7% |
% WFH | 15.2% | 442.9% |
% w/ College Degree | 17.3% | 88.0% |
As of the latest ACS Survey released in 2023, Lowell, NC is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Lowell, NC is hispanic, making up 15.8% of the population. Foreign-born residents account for 9.7% of the population in Lowell, NC, and this percentage has increased by 6.6% 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 | 67.1% | -5.1% |
% Black | 11.9% | -25.2% |
% Hispanic | 15.8% | 54.9% |
% Asian | 2.3% | 130.0% |
% Foreign Born | 9.7% | 6.6% |
Mortgage and Risk — Lowell, NC
According to HUD data as of 2023, there were 83 mortgage originations in Lowell, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lowell, NC. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lowell, NC
Lowell, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,400 |
| 2 Bedroom | -$150 | $1,700 | $1,550 |
| 3 Bedroom | $50 | $1,860 | $1,910 |
| 4 Bedroom | $300 | $2,120 | $2,420 |
Affordability — Lowell, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $262,000 |
| Median Household Income | $51,900 |