Purlear, NC—28665
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Purlear, NC
As of Oct '25, the median home price in Purlear, NC is $256,000, with a year-over-year change of 2.6%. This indicates that home prices in Purlear, NC are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 2.6% |
| Single Family | $256,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | 3.8% |
3 Bed | $327,000 | 3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Purlear, NC
Purlear, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Purlear, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Purlear, NC is 92. This is a decrease of -11.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -9.0% |
Listing Count | 13 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 92 | -11.0% |
Demographics — Purlear, NC
As of the latest ACS Survey released in 2023, Purlear, NC has a population of 2,710, which has increased by 13.9% over the past 5 years. Purlear, NC is a less popular place for families, as children make up 14.2% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,710 | 13.9% |
% Under 18 | 14.2% | -33.6% |
% Seniors | 19.6% | -31.5% |
% WFH | 16.3% | 425.8% |
% w/ College Degree | 10.6% | -38.4% |
As of the latest ACS Survey released in 2023, Purlear, NC is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Purlear, NC is hispanic, making up 3.4% of the population. Foreign-born residents account for 0.3% of the population in Purlear, NC, and this percentage has increased by Inf% 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 | 95.0% | -4.2% |
% Black | 0.8% | ∞% |
% Hispanic | 3.4% | 325.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | ∞% |
Mortgage and Risk — Purlear, NC
According to HUD data as of 2023, there were 37 mortgage originations in Purlear, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Purlear, NC. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 5.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Purlear, NC
Purlear, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Purlear, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $256,000 |
| Median Household Income | $42,300 |