Kinston, NC—28501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Kinston, NC
Home Price Trends — Kinston, NC
As of Oct '25, the median home price in Kinston, NC is $89,000, with a year-over-year change of 2.8%. This indicates that home prices in Kinston, NC are increasing. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $89,000 | 2.8% |
| Single Family | $89,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | 3.4% |
3 Bed | $113,000 | 2.7% |
4 Bed | $194,000 | 3.2% |
| 5 Bed | $203,000 | 5.2% |
% of Housing Stock
Rental Trends — Kinston, NC
As of July '25, Rentcast reports the average rent in Kinston, NC is $938, with a year-over-year rent change of -9.8%. Per bedroom, the median rent as of July '25 in Kinston, NC is 1-bedrooms: $587, 2-bedrooms: $922, 3-bedrooms: $1,080, 4-bedrooms: $1,450. The most common rental property sizes in Kinston, NC are 3-bedroom and 2-bedroom, accounting for 39.2% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $938 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $571 | $587 |
| 2 Bed Rent | $800 | $922 |
| 3 Bed Rent | $950 | $1,080 |
| 4 Bed Rent | $1,450 | $1,450 |
% of Rental Stock
Property Listings — Kinston, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Kinston, NC is 56. This is a decrease of -11.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $154,000 | -13.0% |
Listing Count | 69 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 56 | -11.0% |
Demographics — Kinston, NC
As of the latest ACS Survey released in 2023, Kinston, NC has a population of 18,100, which has decreased by -1.2% over the past 5 years. Kinston, NC is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | -1.2% |
% Under 18 | 25.0% | 16.3% |
% Seniors | 20.6% | -1.9% |
% WFH | 2.4% | 140.0% |
% w/ College Degree | 12.6% | -11.9% |
As of the latest ACS Survey released in 2023, Kinston, NC is a predominantly black area, with 62.1% of the population identifying as black. The black population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Kinston, NC is white, making up 26.0% of the population. Foreign-born residents account for 2.5% of the population in Kinston, NC, and this percentage has decreased by 21.9% 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 | 26.0% | -10.3% |
% Black | 62.1% | -1.4% |
% Hispanic | 4.5% | -2.2% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 2.5% | -21.9% |
Mortgage and Risk — Kinston, NC
According to HUD data as of 2023, there were 180 mortgage originations in Kinston, NC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Kinston, 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 | 180 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Kinston, NC
As of 2024, the percent of homes in Kinston, NC under the Section 8 program is 26.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Kinston, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,699 |
Total Units Section 8 | 1,060 |
% Rentals under Section 8 | 26.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $279 | $571 | $850 |
| 2 Bedroom | $310 | $800 | $1,110 |
| 3 Bedroom | $550 | $950 | $1,500 |
| 4 Bedroom | $430 | $1,450 | $1,880 |
Affordability — Kinston, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $89,000 |
| Median Household Income | $33,800 |