Rutherfordton, NC—28139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rutherfordton, NC
As of Oct '25, the median home price in Rutherfordton, NC is $241,000, with a year-over-year change of -2.7%. This indicates that home prices in Rutherfordton, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | -2.7% |
| Single Family | $241,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -3.6% |
2 Bed | $196,000 | -2.0% |
3 Bed | $279,000 | -0.4% |
4 Bed | $386,000 | 1.0% |
| 5 Bed | $503,000 | 0.8% |
% of Housing Stock
Rental Trends — Rutherfordton, NC
As of July '25, Rentcast reports the average rent in Rutherfordton, NC is $1,370, with a year-over-year rent change of -13.3%. Per bedroom, the median rent as of July '25 in Rutherfordton, NC is 1-bedrooms: $995, 2-bedrooms: $1,140, 3-bedrooms: $1,200, 4-bedrooms: $2,820. The most common rental property sizes in Rutherfordton, NC are 3-bedroom and 2-bedroom, accounting for 47.6% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,150 | $1,140 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | $650 | $2,820 |
% of Rental Stock
Property Listings — Rutherfordton, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Rutherfordton, NC is 88. This is a increase of 34.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | -3.0% |
Listing Count | 127 | 47.0% |
| Listings as % of Homes | 0.6% | 47.0% |
Days on Market | 88 | 34.0% |
Demographics — Rutherfordton, NC
As of the latest ACS Survey released in 2023, Rutherfordton, NC has a population of 18,900, which has decreased by -9.6% over the past 5 years. Rutherfordton, NC is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | -9.6% |
% Under 18 | 20.2% | -1.5% |
% Seniors | 24.3% | 16.3% |
% WFH | 6.2% | 77.1% |
% w/ College Degree | 23.2% | 8.4% |
As of the latest ACS Survey released in 2023, Rutherfordton, NC is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Rutherfordton, NC is black, making up 5.9% of the population. Foreign-born residents account for 2.7% of the population in Rutherfordton, NC, and this percentage has increased by 92.9% 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 | 85.8% | -3.6% |
% Black | 5.9% | -4.8% |
% Hispanic | 4.3% | 65.4% |
% Asian | 0.3% | ∞% |
% Foreign Born | 2.7% | 92.9% |
Mortgage and Risk — Rutherfordton, NC
According to HUD data as of 2023, there were 414 mortgage originations in Rutherfordton, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Rutherfordton, NC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 414 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Rutherfordton, NC
Rutherfordton, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$65 | $995 | $930 |
| 2 Bedroom | -$70 | $1,150 | $1,080 |
| 3 Bedroom | $250 | $1,200 | $1,450 |
| 4 Bedroom | $1,030 | $650 | $1,680 |
Affordability — Rutherfordton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $241,000 |
| Median Household Income | $52,100 |