Raeford, NC—28376
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Raeford, NC
As of Oct '25, the median home price in Raeford, NC is $282,000, with a year-over-year change of 1.5%. This indicates that home prices in Raeford, NC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 1.5% |
| Single Family | $282,000 | 1.4% |
| 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 | $271,000 | 2.3% |
4 Bed | $341,000 | 1.2% |
| 5 Bed | $399,000 | 2.3% |
% of Housing Stock
Rental Trends — Raeford, NC
As of July '25, Rentcast reports the average rent in Raeford, NC is $1,880, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Raeford, NC is 1-bedrooms: $1,260, 2-bedrooms: $1,040, 3-bedrooms: $1,760, 4-bedrooms: $2,150. The most common rental property sizes in Raeford, NC are 3-bedroom and 2-bedroom, accounting for 51.8% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,260 |
| 2 Bed Rent | $1,100 | $1,040 |
| 3 Bed Rent | $1,780 | $1,760 |
| 4 Bed Rent | $2,200 | $2,150 |
% of Rental Stock
Property Listings — Raeford, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Raeford, NC is 64. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter 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 | $340,000 | 3.0% |
Listing Count | 368 | -14.0% |
| Listings as % of Homes | 1.5% | -14.0% |
Days on Market | 64 | -2.0% |
Demographics — Raeford, NC
As of the latest ACS Survey released in 2023, Raeford, NC has a population of 44,000, which has remained stable by -0.8% over the past 5 years. Raeford, NC is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,000 | -0.8% |
% Under 18 | 28.4% | 1.4% |
% Seniors | 10.9% | 28.2% |
% WFH | 5.8% | 70.6% |
% w/ College Degree | 22.9% | 18.7% |
As of the latest ACS Survey released in 2023, Raeford, NC is a predominantly white area, with 37.6% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Raeford, NC is black, making up 36.6% of the population. Foreign-born residents account for 6.1% of the population in Raeford, NC, and this percentage has increased by 13.0% 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 | 37.6% | -11.3% |
% Black | 36.6% | 0.3% |
% Hispanic | 15.4% | 18.5% |
% Asian | 1.4% | -6.7% |
% Foreign Born | 6.1% | 13.0% |
Mortgage and Risk — Raeford, NC
According to HUD data as of 2023, there were 1380 mortgage originations in Raeford, NC, of which 27.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 66.0% above 90% LTV (very high). This implies large mortgage risk in Raeford, NC. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,380 |
% Conventional Loans | 27.0% |
% Government Loans | 73.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Raeford, NC
As of 2024, the percent of homes in Raeford, NC under the Section 8 program is 5.3%. 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. In Raeford, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 275 |
Total Units Section 8 | 268 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 75.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,320 | $820 |
| 2 Bedroom | -$30 | $1,100 | $1,070 |
| 3 Bedroom | -$280 | $1,780 | $1,500 |
| 4 Bedroom | -$400 | $2,200 | $1,800 |
Affordability — Raeford, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $282,000 |
| Median Household Income | $61,800 |