Oakboro, NC—28129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakboro, NC
As of Oct '25, the median home price in Oakboro, NC is $324,000, with a year-over-year change of 1.6%. This indicates that home prices in Oakboro, NC are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 1.6% |
| Single Family | $324,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | -0.9% |
3 Bed | $329,000 | 1.9% |
4 Bed | $401,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oakboro, NC
As of July '25, Rentcast reports the average rent in Oakboro, NC is $1,810, with a year-over-year rent change of 16.8%. Per bedroom, the median rent as of July '25 in Oakboro, NC is 3-bedrooms: $1,720, 4-bedrooms: $2,250. The most common rental property sizes in Oakboro, NC are 2-bedroom and 3-bedroom, accounting for 49.1% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,720 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Oakboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakboro, NC is 82. This is a increase of 94.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | 7.0% |
Listing Count | 26 | 65.0% |
| Listings as % of Homes | 0.8% | 65.0% |
Days on Market | 82 | 94.0% |
Demographics — Oakboro, NC
As of the latest ACS Survey released in 2023, Oakboro, NC has a population of 5,560, which has increased by 5.1% over the past 5 years. Oakboro, NC is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,560 | 5.1% |
% Under 18 | 18.7% | -7.4% |
% Seniors | 20.9% | 5.0% |
% WFH | 6.8% | -29.2% |
% w/ College Degree | 21.4% | 44.6% |
As of the latest ACS Survey released in 2023, Oakboro, NC is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Oakboro, NC is black, making up 6.3% of the population. Foreign-born residents account for 1.9% of the population in Oakboro, NC, and this percentage has decreased by 5.0% 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 | 85.4% | -7.2% |
% Black | 6.3% | 70.3% |
% Hispanic | 4.7% | 56.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | -5.0% |
Mortgage and Risk — Oakboro, NC
According to HUD data as of 2023, there were 180 mortgage originations in Oakboro, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Oakboro, NC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 180 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Oakboro, NC
Oakboro, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$430 | $1,700 | $1,270 |
| 4 Bedroom | -$710 | $2,250 | $1,540 |
Affordability — Oakboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $324,000 |
| Median Household Income | $73,700 |