Pembroke, NC—28372
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pembroke, NC
As of Oct '25, the median home price in Pembroke, NC is $147,000, with a year-over-year change of -1.7%. This indicates that home prices in Pembroke, NC are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | -1.7% |
| Single Family | $147,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | -1.1% |
3 Bed | $153,000 | -2.5% |
4 Bed | $229,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pembroke, NC
As of July '25, Rentcast reports the average rent in Pembroke, NC is $1,470, with a year-over-year rent change of 53.4%. Per bedroom, the median rent as of July '25 in Pembroke, NC is 1-bedrooms: $1,160, 2-bedrooms: $1,360, 3-bedrooms: $1,590, 4-bedrooms: $2,030. The most common rental property sizes in Pembroke, NC are 3-bedroom and studio, accounting for 37.5% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,160 |
| 2 Bed Rent | $1,450 | $1,360 |
| 3 Bed Rent | $1,650 | $1,590 |
| 4 Bed Rent | $1,800 | $2,030 |
% of Rental Stock
Property Listings — Pembroke, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pembroke, NC is 62. This is a increase of 113.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $204,000 | -31.0% |
Listing Count | 17 | 91.0% |
| Listings as % of Homes | 0.3% | 91.0% |
Days on Market | 62 | 113.0% |
Demographics — Pembroke, NC
As of the latest ACS Survey released in 2023, Pembroke, NC has a population of 12,300, which has decreased by -12.4% over the past 5 years. Pembroke, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | -12.4% |
% Under 18 | 21.5% | -3.2% |
% Seniors | 13.7% | 8.7% |
% WFH | 3.9% | 116.7% |
% w/ College Degree | 22.3% | 11.5% |
As of the latest ACS Survey released in 2023, Pembroke, NC is a predominantly white area, with 12.4% of the population identifying as white. The white population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Pembroke, NC is black, making up 9.7% of the population. Foreign-born residents account for 1.7% of the population in Pembroke, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 12.4% | 14.8% |
% Black | 9.7% | -28.1% |
% Hispanic | 1.5% | -28.6% |
% Asian | 1.9% | 171.4% |
% Foreign Born | 1.7% | 0.0% |
Mortgage and Risk — Pembroke, NC
According to HUD data as of 2023, there were 114 mortgage originations in Pembroke, NC, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Pembroke, NC. Investor activity is low, as 4.0% 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 | 114 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pembroke, NC
Pembroke, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 351 |
Total Units Section 8 | 108 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $1,250 | $730 |
| 2 Bedroom | -$520 | $1,450 | $930 |
| 3 Bedroom | -$470 | $1,650 | $1,180 |
| 4 Bedroom | -$440 | $1,800 | $1,360 |
Affordability — Pembroke, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $147,000 |
| Median Household Income | $31,900 |