Shannon, NC—28386
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shannon, NC
As of Oct '25, the median home price in Shannon, NC is $115,000, with a year-over-year change of -4.9%. This indicates that home prices in Shannon, NC are decreasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $115,000 | -4.9% |
| Single Family | $115,000 | -4.2% |
| 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 | $136,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shannon, NC
As of July '25, Rentcast reports the average rent in Shannon, NC is $1,100, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Shannon, NC is 3-bedrooms: $1,100. The most common rental property sizes in Shannon, NC are 3-bedroom and 2-bedroom, accounting for 58.4% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shannon, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Shannon, NC is 97. This is a increase of 73.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | -6.0% |
Listing Count | 9 | 136.0% |
| Listings as % of Homes | 0.0% | 136.0% |
Days on Market | 97 | 73.0% |
Demographics — Shannon, NC
As of the latest ACS Survey released in 2023, Shannon, NC has a population of 5,250, which has decreased by -12.5% over the past 5 years. Shannon, NC is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 7.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,250 | -12.5% |
% Under 18 | 26.3% | -19.1% |
% Seniors | 9.4% | -19.7% |
% WFH | 4.7% | 487.5% |
% w/ College Degree | 7.6% | 10.1% |
As of the latest ACS Survey released in 2023, Shannon, NC is a predominantly hispanic area, with 29.0% of the population identifying as hispanic. The hispanic population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Shannon, NC is white, making up 8.6% of the population. Foreign-born residents account for 11.2% of the population in Shannon, NC, and this percentage has decreased by 1.8% 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 | 8.6% | 3.6% |
% Black | 7.6% | -36.1% |
% Hispanic | 29.0% | 11.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 11.2% | -1.8% |
Mortgage and Risk — Shannon, NC
According to HUD data as of 2023, there were 15 mortgage originations in Shannon, NC, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Shannon, NC. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Shannon, NC
Shannon, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | $340 | $1,000 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Shannon, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $115,000 |
| Median Household Income | $30,300 |