Pleasant Grove, NC—28612
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pleasant Grove, NC
As of Oct '25, the median home price in Pleasant Grove, NC is $229,000, with a year-over-year change of 0.1%. This indicates that home prices in Pleasant Grove, NC are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 0.1% |
| Single Family | $229,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | -0.6% |
3 Bed | $270,000 | 1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pleasant Grove, NC
As of July '25, Rentcast reports the average rent in Pleasant Grove, NC is $1,150, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Pleasant Grove, NC is 2-bedrooms: $1,120, 3-bedrooms: $1,260. The most common rental property sizes in Pleasant Grove, NC are 2-bedroom and 3-bedroom, accounting for 60.3% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,050 | $1,120 |
| 3 Bed Rent | $1,230 | $1,260 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pleasant Grove, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pleasant Grove, NC is 88. This is a increase of 13.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -29.0% |
Listing Count | 60 | 55.0% |
| Listings as % of Homes | 0.4% | 55.0% |
Days on Market | 88 | 13.0% |
Demographics — Pleasant Grove, NC
As of the latest ACS Survey released in 2023, Pleasant Grove, NC has a population of 11,200, which has decreased by -9.4% over the past 5 years. Pleasant Grove, NC is a moderately popular place for families, as children make up 17.8% of the population. The area has a poorly educated workforce, with 14.2% 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 | 11,200 | -9.4% |
% Under 18 | 17.8% | -14.0% |
% Seniors | 19.5% | 16.1% |
% WFH | 3.4% | 9.7% |
% w/ College Degree | 14.2% | 7.6% |
As of the latest ACS Survey released in 2023, Pleasant Grove, NC is a predominantly white area, with 90.5% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Pleasant Grove, NC is hispanic, making up 3.1% of the population. Foreign-born residents account for 2.7% of the population in Pleasant Grove, NC, and this percentage has decreased by 42.6% 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 | 90.5% | 3.9% |
% Black | 1.9% | 72.7% |
% Hispanic | 3.1% | -3.1% |
% Asian | 2.7% | -63.5% |
% Foreign Born | 2.7% | -42.6% |
Mortgage and Risk — Pleasant Grove, NC
According to HUD data as of 2023, there were 193 mortgage originations in Pleasant Grove, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Pleasant Grove, NC. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Pleasant Grove, NC
Pleasant Grove, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$30 | $1,050 | $1,020 |
| 3 Bedroom | $70 | $1,230 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Pleasant Grove, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $229,000 |
| Median Household Income | $56,000 |