Salisbury, NC—28144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salisbury, NC
As of Oct '25, the median home price in Salisbury, NC is $228,000, with a year-over-year change of 0.2%. This indicates that home prices in Salisbury, NC are flat. 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 | $228,000 | 0.2% |
| Single Family | $229,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 1.2% |
3 Bed | $248,000 | 1.6% |
4 Bed | $338,000 | 3.0% |
| 5 Bed | $424,000 | 4.4% |
% of Housing Stock
Rental Trends — Salisbury, NC
As of July '25, Rentcast reports the average rent in Salisbury, NC is $1,490, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Salisbury, NC is studios: $850, 1-bedrooms: $932, 2-bedrooms: $1,290, 3-bedrooms: $1,620, 4-bedrooms: $2,650. The most common rental property sizes in Salisbury, NC are 2-bedroom and 3-bedroom, accounting for 40.2% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,490 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $950 | $932 |
| 2 Bed Rent | $1,300 | $1,290 |
| 3 Bed Rent | $1,560 | $1,620 |
| 4 Bed Rent | $2,270 | $2,650 |
% of Rental Stock
Property Listings — Salisbury, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Salisbury, NC is 67. This is a increase of 9.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 5.0% |
Listing Count | 202 | 23.0% |
| Listings as % of Homes | 1.0% | 23.0% |
Days on Market | 67 | 9.0% |
Demographics — Salisbury, NC
As of the latest ACS Survey released in 2023, Salisbury, NC has a population of 27,200, which has increased by 8.3% over the past 5 years. Salisbury, NC is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,200 | 8.3% |
% Under 18 | 20.8% | 0.5% |
% Seniors | 18.8% | 4.4% |
% WFH | 7.9% | 216.0% |
% w/ College Degree | 27.4% | 8.3% |
As of the latest ACS Survey released in 2023, Salisbury, NC is a predominantly white area, with 48.9% of the population identifying as white. The white population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Salisbury, NC is black, making up 35.8% of the population. Foreign-born residents account for 5.4% of the population in Salisbury, NC, and this percentage has increased by 100.0% 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 | 48.9% | 4.9% |
% Black | 35.8% | -18.5% |
% Hispanic | 11.6% | 75.8% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 5.4% | 100.0% |
Mortgage and Risk — Salisbury, NC
According to HUD data as of 2023, there were 450 mortgage originations in Salisbury, NC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Salisbury, NC. Investor activity is low, as 4.0% 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 | 450 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Salisbury, NC
As of 2024, the percent of homes in Salisbury, NC under the Section 8 program is 23.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Salisbury, NC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,284 |
Total Units Section 8 | 1,170 |
% Rentals under Section 8 | 23.3% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $950 | $1,090 |
| 2 Bedroom | $30 | $1,300 | $1,330 |
| 3 Bedroom | $190 | $1,560 | $1,750 |
| 4 Bedroom | -$40 | $2,270 | $2,230 |
Affordability — Salisbury, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $228,000 |
| Median Household Income | $51,400 |