Lowell, NC 28098 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lowell, NC—28098

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

0.8% YoY Growth

Household Income

$51,900

1.3% YoY Growth

Days on Market

56.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,750

1.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,700

4.9% YoY Growth

3-Bed Rent

$1,860

4.5% YoY Growth

Home Price Trends — Lowell, NC

As of Dec '25, the median home price in Lowell, NC is $264,000, with a year-over-year change of 0.8%. This indicates that home prices in Lowell, NC are flat. 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	$264,000	0.8%
Single Family	$264,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.7%

1 Bedroom

4.9%

2 Bedrooms

29.6%

3 Bedrooms

36.8%

4 Bedrooms

12.3%

5+ Bedrooms

13.6%

Property Listings — Lowell, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Lowell, NC is 57. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$374,000	21.0%
Listing Count	21	33.0%
Listings as % of Homes	0.8%	33.0%
Days on Market	79	56.0%

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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%

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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%

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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%

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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

Lowell, NC—28098

Key Metrics at a Glance

Home Price Trends — Lowell, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lowell, NC

% of Rental Stock

Property Listings — Lowell, NC

Demographics — Lowell, NC

Race and Ethnicity

Mortgage and Risk — Lowell, NC

Mortgages

Rentals and Section 8 — Lowell, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lowell, NC

Home Price to Income Ratio

Lowell, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Mc Adenville, NC

Cramerton, NC

Gastonia, NC

Gastonia, NC

Belmont, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$264,000
Median Household Income	$51,900

Lowell, NC—28098

Key Metrics at a Glance

Home Price Trends — Lowell, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lowell, NC

% of Rental Stock

Property Listings — Lowell, NC

Demographics — Lowell, NC

Race and Ethnicity

Mortgage and Risk — Lowell, NC

Mortgages

Rentals and Section 8 — Lowell, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lowell, NC

Home Price to Income Ratio

Lowell, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Mc Adenville, NC

Cramerton, NC

Gastonia, NC

Gastonia, NC

Belmont, NC

Frequently Asked Questions

What is the average home price in Lowell, NC 28098?

How have home prices in Lowell, NC 28098 changed over the past year?

What is the home price projection for Lowell, NC 28098?

What are the demographics of Lowell, NC 28098?

How long does it take homes to sell in Lowell, NC 28098?

What is the average rent price in Lowell, NC 28098?