Kinston, NC—28504
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 $184,000, with a year-over-year change of 1.8%. This indicates that home prices in Kinston, NC are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | 1.8% |
| Single Family | $183,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $113,000 | 0.9% |
3 Bed | $195,000 | 2.6% |
4 Bed | $268,000 | 3.1% |
| 5 Bed | $327,000 | 3.8% |
% of Housing Stock
Rental Trends — Kinston, NC
As of July '25, Rentcast reports the average rent in Kinston, NC is $1,010, with a year-over-year rent change of -9.8%. Per bedroom, the median rent as of July '25 in Kinston, NC is 2-bedrooms: $838, 3-bedrooms: $1,350. The most common rental property sizes in Kinston, NC are 2-bedroom and 3-bedroom, accounting for 47.8% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $838 |
| 3 Bed Rent | $1,200 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% 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 66. This is a decrease of -23.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 3.0% |
Listing Count | 58 | -16.0% |
| Listings as % of Homes | 0.7% | -16.0% |
Days on Market | 66 | -23.0% |
Demographics — Kinston, NC
As of the latest ACS Survey released in 2023, Kinston, NC has a population of 20,300, which has decreased by -7.0% over the past 5 years. Kinston, NC is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,300 | -7.0% |
% Under 18 | 19.6% | -12.1% |
% Seniors | 22.8% | 14.6% |
% WFH | 2.3% | -14.8% |
% w/ College Degree | 17.6% | -1.7% |
As of the latest ACS Survey released in 2023, Kinston, NC is a predominantly white area, with 58.9% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Kinston, NC is black, making up 32.8% of the population. Foreign-born residents account for 4.8% of the population in Kinston, NC, and this percentage has increased by 14.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.9% | 2.6% |
% Black | 32.8% | 6.1% |
% Hispanic | 5.3% | -8.6% |
% Asian | 0.8% | -27.3% |
% Foreign Born | 4.8% | 14.3% |
Mortgage and Risk — Kinston, NC
According to HUD data as of 2023, there were 264 mortgage originations in Kinston, NC, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% 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 | 264 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Kinston, NC
Kinston, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $150 | $800 | $950 |
| 3 Bedroom | $130 | $1,200 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Kinston, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $184,000 |
| Median Household Income | $50,600 |