Oakboro, NC 28129 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oakboro, NC—28129

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$340,000

3.3% YoY Growth

Household Income

$73,700

45.6% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,700

16.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,700

6.8% YoY Growth

Home Price Trends — Oakboro, NC

As of May '26, the median home price in Oakboro, NC is $340,000, with a year-over-year change of 3.3%. This indicates that home prices in Oakboro, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$340,000	3.3%
Single Family	$341,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

11.4%

2 Bedrooms

49.1%

3 Bedrooms

28.5%

4 Bedrooms

8.5%

5+ Bedrooms

2.5%

Property Listings — Oakboro, NC

As of May '26, Realtor.com reports that the median days on market for a home in Oakboro, NC is 60. This is a decrease of -14.0% 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	$385,000	-6.0%
Listing Count	30	60.0%
Listings as % of Homes	0.8%	60.0%
Days on Market	60	-14.0%

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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%

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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%

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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%

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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

Oakboro, NC—28129

Key Metrics at a Glance

Home Price Trends — Oakboro, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakboro, NC

% of Rental Stock

Property Listings — Oakboro, NC

Demographics — Oakboro, NC

Race and Ethnicity

Mortgage and Risk — Oakboro, NC

Mortgages

Rentals and Section 8 — Oakboro, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakboro, NC

Home Price to Income Ratio

Oakboro, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Lambert, NC

Stanfield, NC

Albemarle, NC

Norwood, NC

Mount Pleasant, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$340,000
Median Household Income	$73,700

Oakboro, NC—28129

Key Metrics at a Glance

Home Price Trends — Oakboro, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakboro, NC

% of Rental Stock

Property Listings — Oakboro, NC

Demographics — Oakboro, NC

Race and Ethnicity

Mortgage and Risk — Oakboro, NC

Mortgages

Rentals and Section 8 — Oakboro, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakboro, NC

Home Price to Income Ratio

Oakboro, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Lambert, NC

Stanfield, NC

Albemarle, NC

Norwood, NC

Mount Pleasant, NC

Frequently Asked Questions

What is the average home price in Oakboro, NC 28129?

How have home prices in Oakboro, NC 28129 changed over the past year?

What is the home price projection for Oakboro, NC 28129?

What are the demographics of Oakboro, NC 28129?

How long does it take homes to sell in Oakboro, NC 28129?

What is the average rent price in Oakboro, NC 28129?