Troutman, NC 28166 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Troutman, NC—28166

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$393,000

0.1% YoY Growth

Household Income

$85,100

38.6% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$2,100

0.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,450

24.8% YoY Growth

3-Bed Rent

$1,880

7.3% YoY Growth

Home Price Trends — Troutman, NC

As of Dec '25, the median home price in Troutman, NC is $393,000, with a year-over-year change of 0.1%. This indicates that home prices in Troutman, NC are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$393,000	0.1%
Single Family	$394,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Troutman, NC

As of July '25, Rentcast reports the average rent in Troutman, NC is $2,090, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Troutman, NC is 2-bedrooms: $1,560, 3-bedrooms: $1,900, 4-bedrooms: $2,180. The most common rental property sizes in Troutman, NC are 3-bedroom and 2-bedroom, accounting for 61.0% and 29.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,090
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,450	$1,560
3 Bed Rent	$1,880	$1,900
4 Bed Rent	$2,140	$2,180

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% of Rental Stock

1 Bedroom

1.9%

2 Bedrooms

29.3%

3 Bedrooms

61.0%

4 Bedrooms

3.6%

5+ Bedrooms

4.2%

Property Listings — Troutman, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Troutman, NC is 73. This is a increase of 52.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$401,000	-2.0%
Listing Count	139	-5.0%
Listings as % of Homes	2.0%	-5.0%
Days on Market	79	26.0%

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Demographics — Troutman, NC

As of the latest ACS Survey released in 2023, Troutman, NC has a population of 11,000, which has increased by 17.2% over the past 5 years. Troutman, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,000	17.2%
% Under 18	24.2%	18.6%
% Seniors	15.9%	-4.2%
% WFH	17.5%	548.1%
% w/ College Degree	25.6%	11.8%

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As of the latest ACS Survey released in 2023, Troutman, NC is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Troutman, NC is black, making up 15.3% of the population. Foreign-born residents account for 2.9% of the population in Troutman, NC, and this percentage has increased by 26.1% 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	76.3%	-6.7%
% Black	15.3%	10.9%
% Hispanic	5.9%	168.2%
% Asian	1.0%	66.7%
% Foreign Born	2.9%	26.1%

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Mortgage and Risk — Troutman, NC

According to HUD data as of 2023, there were 623 mortgage originations in Troutman, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Troutman, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	623
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Troutman, NC

Troutman, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	21
Total Units Section 8	21
% Rentals under Section 8	2.9%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,450
2 Bedroom	$150	$1,450	$1,600
3 Bedroom	$320	$1,880	$2,200
4 Bedroom	$550	$2,140	$2,690

Troutman, NC—28166

Key Metrics at a Glance

Home Price Trends — Troutman, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troutman, NC

% of Rental Stock

Property Listings — Troutman, NC

Demographics — Troutman, NC

Race and Ethnicity

Mortgage and Risk — Troutman, NC

Mortgages

Rentals and Section 8 — Troutman, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Troutman, NC

Home Price to Income Ratio

Troutman, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Statesville, NC

Mooresville, NC

Terrell, NC

Mooresville, NC

Sherrills Ford, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$393,000
Median Household Income	$85,100

Troutman, NC—28166

Key Metrics at a Glance

Home Price Trends — Troutman, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troutman, NC

% of Rental Stock

Property Listings — Troutman, NC

Demographics — Troutman, NC

Race and Ethnicity

Mortgage and Risk — Troutman, NC

Mortgages

Rentals and Section 8 — Troutman, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Troutman, NC

Home Price to Income Ratio

Troutman, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Statesville, NC

Mooresville, NC

Terrell, NC

Mooresville, NC

Sherrills Ford, NC

Frequently Asked Questions

What is the average home price in Troutman, NC 28166?

How have home prices in Troutman, NC 28166 changed over the past year?

What is the home price projection for Troutman, NC 28166?

What are the demographics of Troutman, NC 28166?

How long does it take homes to sell in Troutman, NC 28166?

What is the average rent price in Troutman, NC 28166?