Morven, NC—28119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morven, NC
As of Oct '25, the median home price in Morven, NC is $100,000, with a year-over-year change of -12.5%. This indicates that home prices in Morven, NC are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $100,000 | -12.5% |
| Single Family | $101,000 | -12.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $85,000 | -4.5% |
3 Bed | $125,000 | -6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morven, NC
As of July '25, Rentcast reports the average rent in Morven, NC is $688, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Morven, NC is 2-bedrooms: $575, 3-bedrooms: $800. The most common rental property sizes in Morven, NC are 3-bedroom and 2-bedroom, accounting for 76.7% and 11.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $575 | $688 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $575 | $575 |
| 3 Bed Rent | $800 | $800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morven, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Morven, NC is 72. This is a decrease of -22.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $178,000 | 20.0% |
Listing Count | 7 | 138.0% |
| Listings as % of Homes | 0.2% | 138.0% |
Days on Market | 72 | -22.0% |
Demographics — Morven, NC
As of the latest ACS Survey released in 2023, Morven, NC has a population of 2,450, which has remained stable by 0.0% over the past 5 years. Morven, NC is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 5.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,450 | 0.0% |
% Under 18 | 23.1% | 7.4% |
% Seniors | 21.6% | -3.1% |
% WFH | 3.1% | ∞% |
% w/ College Degree | 5.9% | 0.0% |
As of the latest ACS Survey released in 2023, Morven, NC is a predominantly black area, with 63.1% of the population identifying as black. The black population has grown by 10.9% in the last 5 years. The second most common race or ethnicity in Morven, NC is white, making up 31.2% of the population. Foreign-born residents account for 1.5% of the population in Morven, NC, and this percentage has decreased by 70.6% 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 | 31.2% | -1.3% |
% Black | 63.1% | 10.9% |
% Hispanic | 3.2% | -72.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.5% | -70.6% |
Mortgage and Risk — Morven, NC
According to HUD data as of 2023, there were 39 mortgage originations in Morven, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Morven, NC. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Morven, NC
Morven, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | $865 | $575 | $1,440 |
| 3 Bedroom | $930 | $800 | $1,730 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Morven, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $100,000 |
| Median Household Income | $38,400 |