Grifton, NC 28530 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grifton, NC—28530

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$174,000

1.0% YoY Growth

Household Income

$39,200

7.9% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

3.7%

Median Rent

$1,500

7.5% YoY Growth

1-Bed Rent

$1,010

N/A

2-Bed Rent

$1,000

31.1% YoY Growth

3-Bed Rent

$1,500

6.8% YoY Growth

Home Price Trends — Grifton, NC

As of Dec '25, the median home price in Grifton, NC is $174,000, with a year-over-year change of 1.0%. This indicates that home prices in Grifton, NC are flat. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$174,000	1.0%
Single Family	$174,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

14.9%

2 Bedrooms

42.3%

3 Bedrooms

37.6%

4 Bedrooms

5.2%

Property Listings — Grifton, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Grifton, NC is 57. This is a decrease of -4.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$238,000	7.0%
Listing Count	37	25.0%
Listings as % of Homes	0.2%	25.0%
Days on Market	74	2.0%

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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%

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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%

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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%

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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

Grifton, NC—28530

Key Metrics at a Glance

Home Price Trends — Grifton, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grifton, NC

% of Rental Stock

Property Listings — Grifton, NC

Demographics — Grifton, NC

Race and Ethnicity

Mortgage and Risk — Grifton, NC

Mortgages

Rentals and Section 8 — Grifton, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Grifton, NC

Home Price to Income Ratio

Grifton, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Ayden, NC

Dover, NC

Winterville, NC

Hookerton, NC

Kinston, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$174,000
Median Household Income	$39,200

Grifton, NC—28530

Key Metrics at a Glance

Home Price Trends — Grifton, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grifton, NC

% of Rental Stock

Property Listings — Grifton, NC

Demographics — Grifton, NC

Race and Ethnicity

Mortgage and Risk — Grifton, NC

Mortgages

Rentals and Section 8 — Grifton, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Grifton, NC

Home Price to Income Ratio

Grifton, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Ayden, NC

Dover, NC

Winterville, NC

Hookerton, NC

Kinston, NC

Frequently Asked Questions

What is the average home price in Grifton, NC 28530?

How have home prices in Grifton, NC 28530 changed over the past year?

What is the home price projection for Grifton, NC 28530?

What are the demographics of Grifton, NC 28530?

How long does it take homes to sell in Grifton, NC 28530?

What is the average rent price in Grifton, NC 28530?