Blowing Rock, NC—28605
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blowing Rock, NC
As of Oct '25, the median home price in Blowing Rock, NC is $753,000, with a year-over-year change of 0.1%. This indicates that home prices in Blowing Rock, NC are flat. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $753,000 | 0.1% |
| Single Family | $785,000 | -0.3% |
| Condos | $645,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $367,000 | -1.9% |
2 Bed | $546,000 | -0.9% |
3 Bed | $789,000 | 0.1% |
4 Bed | $1,200,000 | 0.8% |
| 5 Bed | $1,693,000 | 2.7% |
% of Housing Stock
Rental Trends — Blowing Rock, NC
As of July '25, Rentcast reports the average rent in Blowing Rock, NC is $2,210, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Blowing Rock, NC is studios: $1,600, 1-bedrooms: $2,220, 3-bedrooms: $2,800. The most common rental property sizes in Blowing Rock, NC are 2-bedroom and 3-bedroom, accounting for 50.8% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,210 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $2,200 | $2,220 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blowing Rock, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Blowing Rock, NC is 82. This is a decrease of -5.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $840,000 | -7.0% |
Listing Count | 135 | 66.0% |
| Listings as % of Homes | 1.3% | 66.0% |
Days on Market | 82 | -5.0% |
Demographics — Blowing Rock, NC
As of the latest ACS Survey released in 2023, Blowing Rock, NC has a population of 3,470, which has increased by 1.3% over the past 5 years. Blowing Rock, NC is a less popular place for families, as children make up 9.7% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,470 | 1.3% |
% Under 18 | 9.7% | -29.7% |
% Seniors | 26.8% | 7.2% |
% WFH | 9.0% | 2.3% |
% w/ College Degree | 52.0% | 4.8% |
As of the latest ACS Survey released in 2023, Blowing Rock, NC is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Blowing Rock, NC is hispanic, making up 4.4% of the population. Foreign-born residents account for 6.7% of the population in Blowing Rock, NC, and this percentage has increased by 252.6% 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 | 90.6% | -3.9% |
% Black | 0.9% | -10.0% |
% Hispanic | 4.4% | 4,300.0% |
% Asian | 1.0% | 100.0% |
% Foreign Born | 6.7% | 252.6% |
Mortgage and Risk — Blowing Rock, NC
According to HUD data as of 2023, there were 135 mortgage originations in Blowing Rock, NC, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Blowing Rock, NC. Investor activity is low, as 7.0% 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 | 135 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 7.0% |
% Second Loans | 40.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Blowing Rock, NC
Blowing Rock, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,200 | $2,200 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | -$1,250 | $2,800 | $1,550 |
| 4 Bedroom | N/A | N/A | $2,130 |
Affordability — Blowing Rock, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $753,000 |
| Median Household Income | $74,900 |