Wingate, NC 28174 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wingate, NC—28174

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$307,000

0.7% YoY Growth

Household Income

$71,100

45.3% YoY Growth

Days on Market

111

25.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$1,700

1.8% YoY Growth

1-Bed Rent

$1,300

N/A

2-Bed Rent

$1,500

21.0% YoY Growth

3-Bed Rent

$1,760

6.6% YoY Growth

Home Price Trends — Wingate, NC

As of Dec '25, the median home price in Wingate, NC is $307,000, with a year-over-year change of 0.7%. This indicates that home prices in Wingate, NC are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$307,000	0.7%
Single Family	$307,000	0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.0%

1 Bedroom

7.3%

2 Bedrooms

28.4%

3 Bedrooms

44.4%

4 Bedrooms

11.4%

5+ Bedrooms

7.6%

Property Listings — Wingate, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Wingate, NC is 81. This is a increase of 32.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$372,000	-5.0%
Listing Count	31	-22.0%
Listings as % of Homes	0.8%	-22.0%
Days on Market	111	25.0%

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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%

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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%

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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%

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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

Wingate, NC—28174

Key Metrics at a Glance

Home Price Trends — Wingate, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wingate, NC

% of Rental Stock

Property Listings — Wingate, NC

Demographics — Wingate, NC

Race and Ethnicity

Mortgage and Risk — Wingate, NC

Mortgages

Rentals and Section 8 — Wingate, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Wingate, NC

Home Price to Income Ratio

Wingate, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Marshville, NC

Monroe, NC

Monroe, NC

Peachland, NC

Lake Park, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$307,000
Median Household Income	$71,100

Wingate, NC—28174

Key Metrics at a Glance

Home Price Trends — Wingate, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wingate, NC

% of Rental Stock

Property Listings — Wingate, NC

Demographics — Wingate, NC

Race and Ethnicity

Mortgage and Risk — Wingate, NC

Mortgages

Rentals and Section 8 — Wingate, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Wingate, NC

Home Price to Income Ratio

Wingate, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Marshville, NC

Monroe, NC

Monroe, NC

Peachland, NC

Lake Park, NC

Frequently Asked Questions

What is the average home price in Wingate, NC 28174?

How have home prices in Wingate, NC 28174 changed over the past year?

What is the home price projection for Wingate, NC 28174?

What are the demographics of Wingate, NC 28174?

How long does it take homes to sell in Wingate, NC 28174?

What is the average rent price in Wingate, NC 28174?