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Castle Hayne, NC—28429

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$370,000
1.6% YoY Growth
Household Income
$73,300
48.5% YoY Growth
Days on Market
58
30.0% Shorter YoY
Home Price Forecast
1.1%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Castle Hayne, NC

As of May '26, the median home price in Castle Hayne, NC is $370,000, with a year-over-year change of -1.6%. This indicates that home prices in Castle Hayne, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$370,000-1.6%
Single Family $370,000-1.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$263,000-1.9%
    3 Bed
    		$351,000-1.1%
    4 Bed
    		$432,000-1.8%
    5 Bed N/AN/A
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    % of Housing Stock

    2 Bedrooms
    22.7%
    3 Bedrooms
    63.9%
    4 Bedrooms
    11.8%
    5+ Bedrooms
    1.7%

    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.

    TypeMedian RentAverage 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 May '26, Realtor.com reports that the median days on market for a home in Castle Hayne, NC is 58. This is a decrease of -30.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$585,00014.0%
    Listing Count
    		1190.0%
    Listings as % of Homes1.5%0.0%
    Days on Market
    		58-30.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		9,08020.7%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Castle Hayne, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$370,000
    Median Household Income$73,300

    Castle Hayne, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Wilmington, NC

    28405

    Wilmington, NC

    28401

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    28411

    Rocky Point, NC

    28457

    Wilmington, NC

    28403

    Frequently Asked Questions