Wadesboro, NC—28170
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wadesboro, NC
As of Oct '25, the median home price in Wadesboro, NC is $126,000, with a year-over-year change of -9.9%. This indicates that home prices in Wadesboro, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -9.9% |
| Single Family | $126,000 | -10.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $97,000 | -7.6% |
3 Bed | $151,000 | -8.5% |
4 Bed | $230,000 | -5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wadesboro, NC
As of July '25, Rentcast reports the average rent in Wadesboro, NC is $1,360, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Wadesboro, NC is 1-bedrooms: $1,100, 2-bedrooms: $825, 3-bedrooms: $2,080. The most common rental property sizes in Wadesboro, NC are 3-bedroom and 2-bedroom, accounting for 44.5% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $750 | $825 |
| 3 Bed Rent | $1,650 | $2,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wadesboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wadesboro, NC is 64. This is a increase of 4.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 5.0% |
Listing Count | 56 | 30.0% |
| Listings as % of Homes | 0.8% | 30.0% |
Days on Market | 64 | 4.0% |
Demographics — Wadesboro, NC
As of the latest ACS Survey released in 2023, Wadesboro, NC has a population of 9,600, which has decreased by -19.1% over the past 5 years. Wadesboro, NC is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,600 | -19.1% |
% Under 18 | 24.9% | 22.7% |
% Seniors | 19.9% | 10.6% |
% WFH | 7.4% | 236.4% |
% w/ College Degree | 13.4% | 5.5% |
As of the latest ACS Survey released in 2023, Wadesboro, NC is a predominantly black area, with 53.9% of the population identifying as black. The black population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Wadesboro, NC is white, making up 38.0% of the population. Foreign-born residents account for 3.8% of the population in Wadesboro, NC, and this percentage has increased by 18.8% 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 | 38.0% | 6.7% |
% Black | 53.9% | -7.5% |
% Hispanic | 1.8% | -48.6% |
% Asian | 3.4% | 142.9% |
% Foreign Born | 3.8% | 18.8% |
Mortgage and Risk — Wadesboro, NC
According to HUD data as of 2023, there were 144 mortgage originations in Wadesboro, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Wadesboro, NC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 144 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wadesboro, NC
Wadesboro, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 355 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,100 | $910 |
| 2 Bedroom | $450 | $750 | $1,200 |
| 3 Bedroom | -$200 | $1,650 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Wadesboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $126,000 |
| Median Household Income | $36,100 |