Southern Pines, NC—28387
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southern Pines, NC
As of Oct '25, the median home price in Southern Pines, NC is $451,000, with a year-over-year change of 1.9%. This indicates that home prices in Southern Pines, 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 | $451,000 | 1.9% |
| Single Family | $466,000 | 1.7% |
| Condos | $287,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | 1.4% |
3 Bed | $425,000 | 1.2% |
4 Bed | $614,000 | 2.8% |
| 5 Bed | $721,000 | 2.1% |
% of Housing Stock
Rental Trends — Southern Pines, NC
As of July '25, Rentcast reports the average rent in Southern Pines, NC is $2,190, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Southern Pines, NC is 1-bedrooms: $1,380, 2-bedrooms: $1,840, 3-bedrooms: $2,290, 4-bedrooms: $2,900. The most common rental property sizes in Southern Pines, NC are 2-bedroom and 3-bedroom, accounting for 47.9% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,330 | $1,380 |
| 2 Bed Rent | $1,700 | $1,840 |
| 3 Bed Rent | $2,300 | $2,290 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Southern Pines, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Southern Pines, NC is 72. This is a decrease of -8.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | -15.0% |
Listing Count | 145 | 4.0% |
| Listings as % of Homes | 1.1% | 4.0% |
Days on Market | 72 | -8.0% |
Demographics — Southern Pines, NC
As of the latest ACS Survey released in 2023, Southern Pines, NC has a population of 15,600, which has remained stable by 0.8% over the past 5 years. Southern Pines, NC is a moderately popular place for families, as children make up 17.4% of the population. The area has a highly educated workforce, with 52.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 0.8% |
% Under 18 | 17.4% | -5.9% |
% Seniors | 28.3% | 7.2% |
% WFH | 13.0% | 116.7% |
% w/ College Degree | 52.6% | 6.3% |
As of the latest ACS Survey released in 2023, Southern Pines, NC is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Southern Pines, NC is black, making up 12.1% of the population. Foreign-born residents account for 5.6% of the population in Southern Pines, NC, and this percentage has increased by 36.6% 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 | 73.6% | -5.3% |
% Black | 12.1% | -19.3% |
% Hispanic | 8.0% | 90.5% |
% Asian | 1.3% | 0.0% |
% Foreign Born | 5.6% | 36.6% |
Mortgage and Risk — Southern Pines, NC
According to HUD data as of 2023, there were 450 mortgage originations in Southern Pines, NC, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Southern Pines, NC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 450 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Southern Pines, NC
Southern Pines, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 366 |
Total Units Section 8 | 360 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,330 | $1,050 |
| 2 Bedroom | -$540 | $1,700 | $1,160 |
| 3 Bedroom | -$670 | $2,300 | $1,630 |
| 4 Bedroom | -$950 | $2,900 | $1,950 |
Affordability — Southern Pines, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $451,000 |
| Median Household Income | $73,600 |