Grifton, NC—28530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grifton, NC
As of Oct '25, the median home price in Grifton, NC is $173,000, with a year-over-year change of 0.5%. This indicates that home prices in Grifton, NC are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 0.5% |
| Single Family | $173,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $100,000 | -2.9% |
3 Bed | $186,000 | 1.6% |
4 Bed | $250,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grifton, NC
As of July '25, Rentcast reports the average rent in Grifton, NC is $1,430, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in Grifton, NC is 1-bedrooms: $1,010, 2-bedrooms: $1,180, 3-bedrooms: $1,560, 4-bedrooms: $1,800. The most common rental property sizes in Grifton, NC are 2-bedroom and 3-bedroom, accounting for 42.3% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,010 | $1,010 |
| 2 Bed Rent | $1,000 | $1,180 |
| 3 Bed Rent | $1,500 | $1,560 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Grifton, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Grifton, NC is 37. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $241,000 | 5.0% |
Listing Count | 39 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 37 | 4.0% |
Demographics — Grifton, NC
As of the latest ACS Survey released in 2023, Grifton, NC has a population of 7,060, which has increased by 9.3% over the past 5 years. Grifton, NC is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,060 | 9.3% |
% Under 18 | 22.0% | -16.3% |
% Seniors | 22.7% | 41.0% |
% WFH | 3.4% | 112.5% |
% w/ College Degree | 17.4% | 67.3% |
As of the latest ACS Survey released in 2023, Grifton, NC is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Grifton, NC is black, making up 32.9% of the population. Foreign-born residents account for 5.3% of the population in Grifton, NC, and this percentage has increased by 89.3% 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 | 47.9% | -11.8% |
% Black | 32.9% | -16.5% |
% Hispanic | 15.7% | 180.4% |
% Asian | 2.1% | ∞% |
% Foreign Born | 5.3% | 89.3% |
Mortgage and Risk — Grifton, NC
According to HUD data as of 2023, there were 128 mortgage originations in Grifton, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Grifton, NC. Investor activity is low, as 0.0% 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 | 128 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Grifton, NC
As of 2024, the percent of homes in Grifton, NC under the Section 8 program is 8.6%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Grifton, NC, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 100 |
Total Units Section 8 | 100 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 78.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,010 | $850 |
| 2 Bedroom | $110 | $1,000 | $1,110 |
| 3 Bedroom | $0 | $1,500 | $1,500 |
| 4 Bedroom | $80 | $1,800 | $1,880 |
Affordability — Grifton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $173,000 |
| Median Household Income | $39,200 |