Sawmills, NC 28638 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sawmills, NC—28638

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

0.4% YoY Growth

Household Income

$58,900

41.3% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$895

12.4% YoY Growth

1-Bed Rent

$895

N/A

2-Bed Rent

$850

12.8% YoY Growth

3-Bed Rent

$1,800

25.0% YoY Growth

Home Price Trends — Sawmills, NC

As of Dec '25, the median home price in Sawmills, NC is $246,000, with a year-over-year change of -0.4%. This indicates that home prices in Sawmills, NC are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	-0.4%
Single Family	$246,000	-0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sawmills, NC

As of July '25, Rentcast reports the average rent in Sawmills, NC is $1,130, with a year-over-year rent change of -12.4%. Per bedroom, the median rent as of July '25 in Sawmills, NC is 1-bedrooms: $837, 2-bedrooms: $850, 3-bedrooms: $2,000. The most common rental property sizes in Sawmills, NC are 2-bedroom and 3-bedroom, accounting for 50.3% and 32.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$895	$1,130
Studio Rent	N/A	N/A
1 Bed Rent	$895	$837
2 Bed Rent	$850	$850
3 Bed Rent	$1,800	$2,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

13.8%

2 Bedrooms

50.3%

3 Bedrooms

32.2%

4 Bedrooms

2.0%

5+ Bedrooms

1.7%

Property Listings — Sawmills, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Sawmills, NC is 52. 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$321,000	2.0%
Listing Count	39	24.0%
Listings as % of Homes	0.3%	24.0%
Days on Market	64	2.0%

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Demographics — Sawmills, NC

As of the latest ACS Survey released in 2023, Sawmills, NC has a population of 11,600, which has remained stable by -0.6% over the past 5 years. Sawmills, NC is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,600	-0.6%
% Under 18	21.2%	-1.9%
% Seniors	17.2%	6.2%
% WFH	6.1%	69.4%
% w/ College Degree	19.4%	43.7%

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As of the latest ACS Survey released in 2023, Sawmills, NC is a predominantly white area, with 92.8% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Sawmills, NC is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.3% of the population in Sawmills, NC, and this percentage has decreased by 39.5% 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	92.8%	2.7%
% Black	1.4%	55.6%
% Hispanic	3.4%	-47.7%
% Asian	0.0%	-100.0%
% Foreign Born	2.3%	-39.5%

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Mortgage and Risk — Sawmills, NC

According to HUD data as of 2023, there were 331 mortgage originations in Sawmills, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Sawmills, NC. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	331
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Sawmills, NC

Sawmills, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	111
Total Units Section 8	111
% Rentals under Section 8	10.5%
% Occupied Section 8	82.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$135	$895	$760
2 Bedroom	$80	$850	$930
3 Bedroom	-$610	$1,800	$1,190
4 Bedroom	N/A	N/A	$1,390

Sawmills, NC—28638

Key Metrics at a Glance

Home Price Trends — Sawmills, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sawmills, NC

% of Rental Stock

Property Listings — Sawmills, NC

Demographics — Sawmills, NC

Race and Ethnicity

Mortgage and Risk — Sawmills, NC

Mortgages

Rentals and Section 8 — Sawmills, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Sawmills, NC

Home Price to Income Ratio

Sawmills, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Granite Falls, NC

Rhodhiss

Rutherford College

Icard

Hildebran, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$246,000
Median Household Income	$58,900

Sawmills, NC—28638

Key Metrics at a Glance

Home Price Trends — Sawmills, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sawmills, NC

% of Rental Stock

Property Listings — Sawmills, NC

Demographics — Sawmills, NC

Race and Ethnicity

Mortgage and Risk — Sawmills, NC

Mortgages

Rentals and Section 8 — Sawmills, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Sawmills, NC

Home Price to Income Ratio

Sawmills, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Granite Falls, NC

Rhodhiss

Rutherford College

Icard

Hildebran, NC

Frequently Asked Questions

What is the average home price in Sawmills, NC 28638?

How have home prices in Sawmills, NC 28638 changed over the past year?

What is the home price projection for Sawmills, NC 28638?

What are the demographics of Sawmills, NC 28638?

How long does it take homes to sell in Sawmills, NC 28638?

What is the average rent price in Sawmills, NC 28638?