Catawba, NC—28609
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Catawba, NC
As of Oct '25, the median home price in Catawba, NC is $304,000, with a year-over-year change of -0.2%. This indicates that home prices in Catawba, NC are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | -0.2% |
| Single Family | $304,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 0.4% |
3 Bed | $323,000 | 1.3% |
4 Bed | $449,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Catawba, NC
As of July '25, Rentcast reports the average rent in Catawba, NC is $2,120, with a year-over-year rent change of 30.9%. Per bedroom, the median rent as of July '25 in Catawba, NC is 3-bedrooms: $1,700, 4-bedrooms: $2,140. The most common rental property sizes in Catawba, NC are 3-bedroom and 2-bedroom, accounting for 51.3% and 44.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,070 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,650 | $1,700 |
| 4 Bed Rent | $2,120 | $2,140 |
% of Rental Stock
Property Listings — Catawba, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Catawba, NC is 70. This is a decrease of -19.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | -2.0% |
Listing Count | 47 | -13.0% |
| Listings as % of Homes | 0.5% | -13.0% |
Days on Market | 70 | -19.0% |
Demographics — Catawba, NC
As of the latest ACS Survey released in 2023, Catawba, NC has a population of 6,620, which has increased by 14.3% over the past 5 years. Catawba, NC is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,620 | 14.3% |
% Under 18 | 19.8% | -4.3% |
% Seniors | 20.5% | 9.0% |
% WFH | 9.6% | 433.3% |
% w/ College Degree | 17.2% | 9.6% |
As of the latest ACS Survey released in 2023, Catawba, NC is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 17.0% in the last 5 years. The second most common race or ethnicity in Catawba, NC is hispanic, making up 13.3% of the population. Foreign-born residents account for 4.7% of the population in Catawba, NC, and this percentage has increased by 261.5% 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 | 78.3% | -17.0% |
% Black | 5.2% | 44.4% |
% Hispanic | 13.3% | 2,116.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.7% | 261.5% |
Mortgage and Risk — Catawba, NC
According to HUD data as of 2023, there were 335 mortgage originations in Catawba, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Catawba, NC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 335 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Catawba, NC
Catawba, 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 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,290 |
| 3 Bedroom | $0 | $1,650 | $1,650 |
| 4 Bedroom | -$190 | $2,120 | $1,930 |
Affordability — Catawba, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $304,000 |
| Median Household Income | $81,800 |