Harrells, NC—28447
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrells, NC
Harrells, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | -3.8% |
| Single Family | $169,000 | -3.4% |
| 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 | $218,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harrells, NC
Harrells, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Harrells, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrells, NC is 86. This is a decrease of -59.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 28.0% |
Listing Count | 2 | 60.0% |
| Listings as % of Homes | 0.3% | 60.0% |
Days on Market | 86 | -59.0% |
Demographics — Harrells, NC
As of the latest ACS Survey released in 2023, Harrells, NC has a population of 1,480, which has decreased by -9.7% over the past 5 years. Harrells, NC is a less popular place for families, as children make up 14.7% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | -9.7% |
% Under 18 | 14.7% | -30.3% |
% Seniors | 23.5% | 126.0% |
% WFH | 1.4% | ∞% |
% w/ College Degree | 15.6% | 8.3% |
As of the latest ACS Survey released in 2023, Harrells, NC is a predominantly white area, with 67.0% of the population identifying as white. The white population has grown by 38.1% in the last 5 years. The second most common race or ethnicity in Harrells, NC is black, making up 31.4% of the population. Foreign-born residents account for 1.3% of the population in Harrells, NC, and this percentage has decreased by 91.0% 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 | 67.0% | 38.1% |
% Black | 31.4% | 1.3% |
% Hispanic | 2.7% | -86.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | -91.0% |
Mortgage and Risk — Harrells, NC
According to HUD data as of 2023, there were 7 mortgage originations in Harrells, NC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Harrells, NC. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 7 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Harrells, NC
Harrells, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 60.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Harrells, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $169,000 |
| Median Household Income | $73,300 |