Castle Hayne, NC 28429 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Castle Hayne, NC—28429

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$355,000

2.2% YoY Growth

Household Income

$73,300

48.5% YoY Growth

Days on Market

31.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$2,000

3.7% YoY Growth

1-Bed Rent

$1,350

N/A

2-Bed Rent

$1,600

4.8% YoY Growth

3-Bed Rent

$2,180

8.9% YoY Growth

Home Price Trends — Castle Hayne, NC

As of Dec '25, the median home price in Castle Hayne, NC is $355,000, with a year-over-year change of -2.2%. This indicates that home prices in Castle Hayne, NC are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$355,000	-2.2%
Single Family	$355,000	-1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Castle Hayne, NC

As of July '25, Rentcast reports the average rent in Castle Hayne, NC is $2,060, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Castle Hayne, NC is studios: $1,400, 1-bedrooms: $1,420, 2-bedrooms: $1,570, 3-bedrooms: $2,160, 4-bedrooms: $2,730. The most common rental property sizes in Castle Hayne, NC are 3-bedroom and 2-bedroom, accounting for 47.0% and 44.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,060
Studio Rent	$1,400	$1,400
1 Bed Rent	$1,350	$1,420
2 Bed Rent	$1,600	$1,570
3 Bed Rent	$2,180	$2,160
4 Bed Rent	$2,700	$2,730

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% of Rental Stock

2 Bedrooms

44.4%

3 Bedrooms

47.0%

4 Bedrooms

8.6%

Property Listings — Castle Hayne, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Castle Hayne, NC is 64. This is a decrease of -22.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$470,000	-22.0%
Listing Count	92	-13.0%
Listings as % of Homes	1.5%	-13.0%
Days on Market	77	-31.0%

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Demographics — Castle Hayne, NC

As of the latest ACS Survey released in 2023, Castle Hayne, NC has a population of 9,080, which has increased by 20.7% over the past 5 years. Castle Hayne, NC is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,080	20.7%
% Under 18	20.1%	24.1%
% Seniors	21.6%	35.0%
% WFH	8.2%	105.0%
% w/ College Degree	25.2%	55.6%

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As of the latest ACS Survey released in 2023, Castle Hayne, NC is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Castle Hayne, NC is black, making up 14.4% of the population. Foreign-born residents account for 3.0% of the population in Castle Hayne, NC, and this percentage has increased by 3.4% 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	71.0%	-0.4%
% Black	14.4%	-38.7%
% Hispanic	8.0%	220.0%
% Asian	0.2%	∞%
% Foreign Born	3.0%	3.4%

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Mortgage and Risk — Castle Hayne, NC

According to HUD data as of 2023, there were 406 mortgage originations in Castle Hayne, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Castle Hayne, NC. Investor activity is low, as 2.0% 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	406
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	2.0%
% Second Loans	4.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Castle Hayne, NC

As of 2024, the percent of homes in Castle Hayne, NC under the Section 8 program is 12.6%. 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 Castle Hayne, 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	76
Total Units Section 8	74
% Rentals under Section 8	12.6%
% Occupied Section 8	60.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$130	$1,350	$1,220
2 Bedroom	-$230	$1,600	$1,370
3 Bedroom	-$370	$2,180	$1,810
4 Bedroom	-$390	$2,700	$2,310

Castle Hayne, NC—28429

Key Metrics at a Glance

Home Price Trends — Castle Hayne, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Castle Hayne, NC

% of Rental Stock

Property Listings — Castle Hayne, NC

Demographics — Castle Hayne, NC

Race and Ethnicity

Mortgage and Risk — Castle Hayne, NC

Mortgages

Rentals and Section 8 — Castle Hayne, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Castle Hayne, NC

Home Price to Income Ratio

Castle Hayne, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Wilmington, NC

Wilmington, NC

Wilmington, NC

Rocky Point, NC

Wilmington, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$355,000
Median Household Income	$73,300

Castle Hayne, NC—28429

Key Metrics at a Glance

Home Price Trends — Castle Hayne, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Castle Hayne, NC

% of Rental Stock

Property Listings — Castle Hayne, NC

Demographics — Castle Hayne, NC

Race and Ethnicity

Mortgage and Risk — Castle Hayne, NC

Mortgages

Rentals and Section 8 — Castle Hayne, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Castle Hayne, NC

Home Price to Income Ratio

Castle Hayne, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Wilmington, NC

Wilmington, NC

Wilmington, NC

Rocky Point, NC

Wilmington, NC

Frequently Asked Questions

What is the average home price in Castle Hayne, NC 28429?

How have home prices in Castle Hayne, NC 28429 changed over the past year?

What is the home price projection for Castle Hayne, NC 28429?

What are the demographics of Castle Hayne, NC 28429?

How long does it take homes to sell in Castle Hayne, NC 28429?

What is the average rent price in Castle Hayne, NC 28429?