Wingate, NC—28174
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wingate, NC
As of Oct '25, the median home price in Wingate, NC is $308,000, with a year-over-year change of 0.4%. This indicates that home prices in Wingate, NC are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | 0.4% |
| Single Family | $308,000 | 0.7% |
| 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 | 0.0% |
3 Bed | $310,000 | 1.3% |
4 Bed | $371,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wingate, NC
As of July '25, Rentcast reports the average rent in Wingate, NC is $1,720, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Wingate, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,500, 3-bedrooms: $1,770, 4-bedrooms: $1,740. The most common rental property sizes in Wingate, NC are 3-bedroom and 2-bedroom, accounting for 44.4% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,760 | $1,770 |
| 4 Bed Rent | $1,700 | $1,740 |
% of Rental Stock
Property Listings — Wingate, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wingate, NC is 65. This is a increase of 50.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | 3.0% |
Listing Count | 37 | 1.0% |
| Listings as % of Homes | 0.8% | 1.0% |
Days on Market | 65 | 50.0% |
Demographics — Wingate, NC
As of the latest ACS Survey released in 2023, Wingate, NC has a population of 9,440, which has increased by 1.7% over the past 5 years. Wingate, NC is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,440 | 1.7% |
% Under 18 | 17.9% | -24.8% |
% Seniors | 14.8% | 14.7% |
% WFH | 8.5% | 80.9% |
% w/ College Degree | 16.1% | -21.5% |
As of the latest ACS Survey released in 2023, Wingate, NC is a predominantly white area, with 50.0% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Wingate, NC is black, making up 23.9% of the population. Foreign-born residents account for 11.2% of the population in Wingate, NC, and this percentage has increased by 41.8% 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 | 50.0% | -3.8% |
% Black | 23.9% | -17.6% |
% Hispanic | 19.1% | 13.7% |
% Asian | 1.8% | 125.0% |
% Foreign Born | 11.2% | 41.8% |
Mortgage and Risk — Wingate, NC
According to HUD data as of 2023, there were 170 mortgage originations in Wingate, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Wingate, NC. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Wingate, NC
As of 2024, the percent of homes in Wingate, NC under the Section 8 program is 10.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wingate, NC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,300 | $1,250 |
| 2 Bedroom | -$120 | $1,500 | $1,380 |
| 3 Bedroom | -$60 | $1,760 | $1,700 |
| 4 Bedroom | $460 | $1,700 | $2,160 |
Affordability — Wingate, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $308,000 |
| Median Household Income | $71,100 |