Leland, NC—28451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leland, NC
As of Oct '25, the median home price in Leland, NC is $377,000, with a year-over-year change of 0.2%. This indicates that home prices in Leland, NC are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | 0.2% |
| Single Family | $378,000 | 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 | $260,000 | 0.4% |
3 Bed | $348,000 | -0.3% |
4 Bed | $508,000 | 1.4% |
| 5 Bed | $581,000 | 2.3% |
% of Housing Stock
Rental Trends — Leland, NC
As of July '25, Rentcast reports the average rent in Leland, NC is $1,910, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Leland, NC is studios: $1,180, 1-bedrooms: $1,360, 2-bedrooms: $1,460, 3-bedrooms: $2,000, 4-bedrooms: $2,530. The most common rental property sizes in Leland, NC are 3-bedroom and 2-bedroom, accounting for 48.6% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,910 |
| Studio Rent | $1,170 | $1,180 |
| 1 Bed Rent | $1,340 | $1,360 |
| 2 Bed Rent | $1,350 | $1,460 |
| 3 Bed Rent | $1,950 | $2,000 |
| 4 Bed Rent | $2,440 | $2,530 |
% of Rental Stock
Property Listings — Leland, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Leland, NC is 64. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | -4.0% |
Listing Count | 552 | 41.0% |
| Listings as % of Homes | 1.1% | 41.0% |
Days on Market | 64 | 0.0% |
Demographics — Leland, NC
As of the latest ACS Survey released in 2023, Leland, NC has a population of 44,300, which has increased by 32.4% over the past 5 years. Leland, NC is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,300 | 32.4% |
% Under 18 | 18.4% | -4.7% |
% Seniors | 24.2% | 21.0% |
% WFH | 11.4% | 93.2% |
% w/ College Degree | 34.1% | 25.4% |
As of the latest ACS Survey released in 2023, Leland, NC is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Leland, NC is black, making up 12.0% of the population. Foreign-born residents account for 5.0% of the population in Leland, NC, and this percentage has decreased by 20.6% 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 | 71.3% | -2.1% |
% Black | 12.0% | -21.6% |
% Hispanic | 10.5% | 40.0% |
% Asian | 0.7% | -46.2% |
% Foreign Born | 5.0% | -20.6% |
Mortgage and Risk — Leland, NC
According to HUD data as of 2023, there were 1815 mortgage originations in Leland, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Leland, NC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,815 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Leland, NC
As of 2024, the percent of homes in Leland, NC under the Section 8 program is 2.8%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Leland, NC, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,340 | $1,320 |
| 2 Bedroom | $110 | $1,350 | $1,460 |
| 3 Bedroom | $100 | $1,950 | $2,050 |
| 4 Bedroom | $10 | $2,440 | $2,450 |
Affordability — Leland, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $377,000 |
| Median Household Income | $77,400 |