Peletier, NC—28584
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peletier, NC
As of Oct '25, the median home price in Peletier, NC is $398,000, with a year-over-year change of 2.3%. This indicates that home prices in Peletier, NC are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 2.3% |
| Single Family | $408,000 | 2.0% |
| Condos | $302,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $218,000 | -1.8% |
2 Bed | $276,000 | 1.1% |
3 Bed | $393,000 | 1.8% |
4 Bed | $488,000 | 1.7% |
| 5 Bed | $526,000 | 2.7% |
% of Housing Stock
Rental Trends — Peletier, NC
As of July '25, Rentcast reports the average rent in Peletier, NC is $1,860, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Peletier, NC is 1-bedrooms: $950, 2-bedrooms: $1,520, 3-bedrooms: $2,130, 4-bedrooms: $2,580. The most common rental property sizes in Peletier, NC are 3-bedroom and 2-bedroom, accounting for 41.9% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $2,100 | $2,130 |
| 4 Bed Rent | $2,600 | $2,580 |
% of Rental Stock
Property Listings — Peletier, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Peletier, NC is 81. This is a increase of 22.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | 0.0% |
Listing Count | 120 | 0.0% |
| Listings as % of Homes | 1.1% | 0.0% |
Days on Market | 81 | 22.0% |
Demographics — Peletier, NC
As of the latest ACS Survey released in 2023, Peletier, NC has a population of 14,700, which has increased by 19.6% over the past 5 years. Peletier, NC is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | 19.6% |
% Under 18 | 21.1% | -10.6% |
% Seniors | 24.5% | 25.0% |
% WFH | 13.4% | 197.8% |
% w/ College Degree | 31.6% | -8.1% |
As of the latest ACS Survey released in 2023, Peletier, NC is a predominantly white area, with 88.3% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Peletier, NC is hispanic, making up 4.0% of the population. Foreign-born residents account for 2.3% of the population in Peletier, NC, and this percentage has decreased by 45.2% 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 | 88.3% | 2.7% |
% Black | 2.1% | 40.0% |
% Hispanic | 4.0% | -39.4% |
% Asian | 0.8% | -77.1% |
% Foreign Born | 2.3% | -45.2% |
Mortgage and Risk — Peletier, NC
According to HUD data as of 2023, there were 535 mortgage originations in Peletier, NC, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Peletier, 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 | 535 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 1.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Peletier, NC
As of 2024, the percent of homes in Peletier, NC under the Section 8 program is 4.6%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Peletier, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $950 | $1,130 |
| 2 Bedroom | $70 | $1,400 | $1,470 |
| 3 Bedroom | -$130 | $2,100 | $1,970 |
| 4 Bedroom | -$160 | $2,600 | $2,440 |
Affordability — Peletier, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $398,000 |
| Median Household Income | $81,600 |