Statesville, NC—28625
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Statesville, NC
Home Price Trends — Statesville, NC
As of Oct '25, the median home price in Statesville, NC is $299,000, with a year-over-year change of 1.8%. This indicates that home prices in Statesville, 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 | $299,000 | 1.8% |
| Single Family | $299,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 1.4% |
3 Bed | $292,000 | 2.1% |
4 Bed | $381,000 | 2.4% |
| 5 Bed | $353,000 | 0.9% |
% of Housing Stock
Rental Trends — Statesville, NC
As of July '25, Rentcast reports the average rent in Statesville, NC is $1,760, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Statesville, NC is studios: $900, 1-bedrooms: $622, 2-bedrooms: $995, 3-bedrooms: $1,740, 4-bedrooms: $2,010. The most common rental property sizes in Statesville, NC are 2-bedroom and 3-bedroom, accounting for 40.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,760 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $283 | $622 |
| 2 Bed Rent | $995 | $995 |
| 3 Bed Rent | $1,780 | $1,740 |
| 4 Bed Rent | $1,920 | $2,010 |
% of Rental Stock
Property Listings — Statesville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Statesville, NC is 74. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | 8.0% |
Listing Count | 206 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 74 | 17.0% |
Demographics — Statesville, NC
As of the latest ACS Survey released in 2023, Statesville, NC has a population of 38,200, which has decreased by -3.3% over the past 5 years. Statesville, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,200 | -3.3% |
% Under 18 | 20.6% | -10.0% |
% Seniors | 19.3% | 12.2% |
% WFH | 4.9% | 25.6% |
% w/ College Degree | 21.3% | 14.5% |
As of the latest ACS Survey released in 2023, Statesville, NC is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Statesville, NC is black, making up 11.7% of the population. Foreign-born residents account for 6.0% of the population in Statesville, NC, and this percentage has decreased by 1.6% 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 | 72.0% | -3.0% |
% Black | 11.7% | -12.0% |
% Hispanic | 10.6% | 23.3% |
% Asian | 3.2% | 39.1% |
% Foreign Born | 6.0% | -1.6% |
Mortgage and Risk — Statesville, NC
According to HUD data as of 2023, there were 972 mortgage originations in Statesville, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Statesville, NC. Investor activity is low, as 2.0% 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 | 972 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Statesville, NC
As of 2024, the percent of homes in Statesville, NC under the Section 8 program is 6.5%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Statesville, NC, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 344 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 96.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $777 | $283 | $1,060 |
| 2 Bedroom | $175 | $995 | $1,170 |
| 3 Bedroom | -$170 | $1,780 | $1,610 |
| 4 Bedroom | $40 | $1,920 | $1,960 |
Affordability — Statesville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $299,000 |
| Median Household Income | $64,700 |