Salisbury, NC—28146
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 $298,000, with a year-over-year change of 1.4%. This indicates that home prices in Salisbury, NC are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 1.4% |
| Single Family | $299,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 2.7% |
3 Bed | $312,000 | 2.3% |
4 Bed | $409,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salisbury, NC
As of July '25, Rentcast reports the average rent in Salisbury, NC is $1,580, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Salisbury, NC is 2-bedrooms: $1,180, 3-bedrooms: $1,610, 4-bedrooms: $2,170. The most common rental property sizes in Salisbury, NC are 2-bedroom and 3-bedroom, accounting for 45.9% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,150 | $1,180 |
| 3 Bed Rent | $1,550 | $1,610 |
| 4 Bed Rent | $1,950 | $2,170 |
% 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 50. This is a decrease of -8.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 15.0% |
Listing Count | 143 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 50 | -8.0% |
Demographics — Salisbury, NC
As of the latest ACS Survey released in 2023, Salisbury, NC has a population of 31,800, which has increased by 15.5% over the past 5 years. Salisbury, NC is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 15.5% |
% Under 18 | 23.2% | 0.9% |
% Seniors | 19.2% | 2.7% |
% WFH | 7.1% | 184.0% |
% w/ College Degree | 23.8% | 8.2% |
As of the latest ACS Survey released in 2023, Salisbury, NC is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Salisbury, NC is black, making up 6.7% of the population. Foreign-born residents account for 2.9% of the population in Salisbury, NC, and this percentage has increased by 38.1% 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 | 83.5% | -3.2% |
% Black | 6.7% | -1.5% |
% Hispanic | 5.6% | 51.4% |
% Asian | 1.0% | 42.9% |
% Foreign Born | 2.9% | 38.1% |
Mortgage and Risk — Salisbury, NC
According to HUD data as of 2023, there were 840 mortgage originations in Salisbury, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Salisbury, 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 | 840 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Salisbury, NC
Salisbury, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | -$20 | $1,150 | $1,130 |
| 3 Bedroom | -$60 | $1,550 | $1,490 |
| 4 Bedroom | -$50 | $1,950 | $1,900 |
Affordability — Salisbury, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $298,000 |
| Median Household Income | $67,100 |