Hamlet, NC—28345
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamlet, NC
As of Oct '25, the median home price in Hamlet, NC is $121,000, with a year-over-year change of -3.0%. This indicates that home prices in Hamlet, NC are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | -3.0% |
| Single Family | $121,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $180,000 | 4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hamlet, NC
As of July '25, Rentcast reports the average rent in Hamlet, NC is $950, with a year-over-year rent change of 15.2%. Per bedroom, the median rent as of July '25 in Hamlet, NC is 2-bedrooms: $900, 3-bedrooms: $1,000. The most common rental property sizes in Hamlet, NC are 3-bedroom and 2-bedroom, accounting for 49.8% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hamlet, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamlet, NC is 66. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $208,000 | 19.0% |
Listing Count | 32 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 66 | 1.0% |
Demographics — Hamlet, NC
As of the latest ACS Survey released in 2023, Hamlet, NC has a population of 12,200, which has remained stable by 1.0% over the past 5 years. Hamlet, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | 1.0% |
% Under 18 | 24.2% | -6.9% |
% Seniors | 16.0% | 0.6% |
% WFH | 6.0% | 361.5% |
% w/ College Degree | 8.1% | -40.0% |
As of the latest ACS Survey released in 2023, Hamlet, NC is a predominantly white area, with 57.5% of the population identifying as white. The white population has grown by 11.4% in the last 5 years. The second most common race or ethnicity in Hamlet, NC is black, making up 33.9% of the population. Foreign-born residents account for 1.4% of the population in Hamlet, NC, and this percentage has decreased by 44.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.5% | 11.4% |
% Black | 33.9% | -12.6% |
% Hispanic | 3.9% | 21.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -44.0% |
Mortgage and Risk — Hamlet, NC
According to HUD data as of 2023, there were 160 mortgage originations in Hamlet, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Hamlet, NC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hamlet, NC
Hamlet, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 399 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | $300 | $1,000 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Hamlet, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $121,000 |
| Median Household Income | $38,500 |