Bolivia, NC—28422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bolivia, NC
As of Oct '25, the median home price in Bolivia, NC is $330,000, with a year-over-year change of -0.4%. This indicates that home prices in Bolivia, NC are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | -0.4% |
| Single Family | $331,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | -1.9% |
3 Bed | $321,000 | -0.6% |
4 Bed | $356,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bolivia, NC
As of July '25, Rentcast reports the average rent in Bolivia, NC is $1,990, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Bolivia, NC is 1-bedrooms: $1,520, 2-bedrooms: $2,000, 3-bedrooms: $1,970, 4-bedrooms: $2,030. The most common rental property sizes in Bolivia, NC are 3-bedroom and 2-bedroom, accounting for 37.4% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,520 | $1,520 |
| 2 Bed Rent | $1,600 | $2,000 |
| 3 Bed Rent | $1,950 | $1,970 |
| 4 Bed Rent | $2,000 | $2,030 |
% of Rental Stock
Property Listings — Bolivia, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Bolivia, NC is 72. This is a decrease of -10.0% 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 | $404,000 | 14.0% |
Listing Count | 277 | -8.0% |
| Listings as % of Homes | 4.2% | -8.0% |
Days on Market | 72 | -10.0% |
Demographics — Bolivia, NC
As of the latest ACS Survey released in 2023, Bolivia, NC has a population of 8,590, which has increased by 2.2% over the past 5 years. Bolivia, NC is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,590 | 2.2% |
% Under 18 | 16.7% | -0.6% |
% Seniors | 32.5% | 6.6% |
% WFH | 7.8% | 18.2% |
% w/ College Degree | 28.3% | 21.5% |
As of the latest ACS Survey released in 2023, Bolivia, NC is a predominantly white area, with 80.3% of the population identifying as white. The white population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Bolivia, NC is black, making up 8.5% of the population. Foreign-born residents account for 3.4% of the population in Bolivia, NC, and this percentage has increased by 6.2% 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 | 80.3% | 14.1% |
% Black | 8.5% | -61.0% |
% Hispanic | 3.1% | -16.2% |
% Asian | 0.9% | ∞% |
% Foreign Born | 3.4% | 6.2% |
Mortgage and Risk — Bolivia, NC
According to HUD data as of 2023, there were 677 mortgage originations in Bolivia, NC, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Bolivia, NC. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 677 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Bolivia, NC
As of 2024, the percent of homes in Bolivia, NC under the Section 8 program is 1.2%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Bolivia, NC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,520 | $1,220 |
| 2 Bedroom | -$250 | $1,600 | $1,350 |
| 3 Bedroom | -$60 | $1,950 | $1,890 |
| 4 Bedroom | $270 | $2,000 | $2,270 |
Affordability — Bolivia, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $330,000 |
| Median Household Income | $67,900 |