Troutman, NC—28166
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troutman, NC
As of Oct '25, the median home price in Troutman, NC is $394,000, 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 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $394,000 | -0.1% |
| Single Family | $395,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 0.4% |
3 Bed | $354,000 | 0.3% |
4 Bed | $439,000 | -0.7% |
| 5 Bed | $485,000 | -1.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Troutman, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Troutman, NC is 74. This is a increase of 85.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $411,000 | -4.0% |
Listing Count | 173 | -1.0% |
| Listings as % of Homes | 2.0% | -1.0% |
Days on Market | 74 | 85.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Troutman, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $394,000 |
| Median Household Income | $85,100 |