Shallotte, NC—28470
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shallotte, NC
As of Oct '25, the median home price in Shallotte, NC is $318,000, with a year-over-year change of -0.8%. This indicates that home prices in Shallotte, NC are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | -0.8% |
| Single Family | $320,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | -1.7% |
3 Bed | $322,000 | -0.6% |
4 Bed | $386,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shallotte, NC
As of July '25, Rentcast reports the average rent in Shallotte, NC is $1,690, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Shallotte, NC is studios: $1,470, 1-bedrooms: $1,310, 2-bedrooms: $1,450, 3-bedrooms: $1,930. The most common rental property sizes in Shallotte, NC are 2-bedroom and 3-bedroom, accounting for 47.6% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,630 | $1,690 |
| Studio Rent | $1,470 | $1,470 |
| 1 Bed Rent | $1,320 | $1,310 |
| 2 Bed Rent | $1,450 | $1,450 |
| 3 Bed Rent | $1,950 | $1,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shallotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Shallotte, NC is 72. This is a decrease of -33.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 13.0% |
Listing Count | 199 | 32.0% |
| Listings as % of Homes | 0.8% | 32.0% |
Days on Market | 72 | -33.0% |
Demographics — Shallotte, NC
As of the latest ACS Survey released in 2023, Shallotte, NC has a population of 11,000, which has decreased by -9.3% over the past 5 years. Shallotte, NC is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | -9.3% |
% Under 18 | 19.5% | 4.3% |
% Seniors | 26.3% | 9.1% |
% WFH | 8.0% | 233.3% |
% w/ College Degree | 22.4% | 47.4% |
As of the latest ACS Survey released in 2023, Shallotte, NC is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Shallotte, NC is black, making up 13.9% of the population. Foreign-born residents account for 2.5% of the population in Shallotte, NC, and this percentage has decreased by 46.8% 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 | 73.5% | -1.6% |
% Black | 13.9% | -9.2% |
% Hispanic | 8.5% | 14.9% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 2.5% | -46.8% |
Mortgage and Risk — Shallotte, NC
According to HUD data as of 2023, there were 275 mortgage originations in Shallotte, NC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Shallotte, NC. Investor activity is low, as 1.0% 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 | 275 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Shallotte, NC
Shallotte, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 199 |
Total Units Section 8 | 199 |
% Rentals under Section 8 | 17.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,320 | $1,030 |
| 2 Bedroom | -$310 | $1,450 | $1,140 |
| 3 Bedroom | -$350 | $1,950 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Shallotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $318,000 |
| Median Household Income | $68,000 |