Conover, NC—28613
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Conover, NC
As of Oct '25, the median home price in Conover, NC is $270,000, with a year-over-year change of 1.8%. This indicates that home prices in Conover, NC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 1.8% |
| Single Family | $271,000 | 1.9% |
| Condos | $241,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | 1.0% |
3 Bed | $276,000 | 2.2% |
4 Bed | $380,000 | 1.6% |
| 5 Bed | $453,000 | 1.8% |
% of Housing Stock
Rental Trends — Conover, NC
As of July '25, Rentcast reports the average rent in Conover, NC is $1,640, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Conover, NC is 2-bedrooms: $1,460, 3-bedrooms: $1,760, 4-bedrooms: $2,160. The most common rental property sizes in Conover, NC are 2-bedroom and 3-bedroom, accounting for 52.1% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,460 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $2,040 | $2,160 |
% of Rental Stock
Property Listings — Conover, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Conover, NC is 44. 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 1.0% |
Listing Count | 88 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 44 | -4.0% |
Demographics — Conover, NC
As of the latest ACS Survey released in 2023, Conover, NC has a population of 23,500, which has increased by 5.6% over the past 5 years. Conover, NC is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 5.6% |
% Under 18 | 25.6% | 10.8% |
% Seniors | 20.0% | 15.6% |
% WFH | 5.0% | 194.1% |
% w/ College Degree | 20.1% | 14.9% |
As of the latest ACS Survey released in 2023, Conover, NC is a predominantly white area, with 69.5% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Conover, NC is hispanic, making up 16.8% of the population. Foreign-born residents account for 9.4% of the population in Conover, NC, and this percentage has decreased by 16.1% 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 | 69.5% | -1.8% |
% Black | 3.2% | -41.8% |
% Hispanic | 16.8% | 41.2% |
% Asian | 5.6% | -41.1% |
% Foreign Born | 9.4% | -16.1% |
Mortgage and Risk — Conover, NC
According to HUD data as of 2023, there were 444 mortgage originations in Conover, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Conover, NC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 444 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Conover, NC
Conover, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 190 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 75.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | -$670 | $1,700 | $1,030 |
| 3 Bedroom | -$440 | $1,750 | $1,310 |
| 4 Bedroom | -$500 | $2,040 | $1,540 |
Affordability — Conover, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $270,000 |
| Median Household Income | $55,700 |