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Sherrills Ford, NC—28673

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$503,000
1.7% YoY Growth
Household Income
$99,000
26.2% YoY Growth
Days on Market
73
18.0% Longer YoY
Home Price Forecast
0.6%
Median Rent
$2,340
5.4% YoY Growth
1-Bed Rent
$700
47.0% YoY Growth
2-Bed Rent
$2,100
27.5% YoY Growth
3-Bed Rent
$2,400
4.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sherrills Ford, NC

As of May '26, the median home price in Sherrills Ford, NC is $503,000, with a year-over-year change of -1.7%. This indicates that home prices in Sherrills Ford, NC are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$503,000-1.7%
Single Family $516,000-1.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$512,0000.8%
    3 Bed
    		$469,000-1.3%
    4 Bed
    		$630,000-1.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    1.4%
    2 Bedrooms
    15.1%
    3 Bedrooms
    55.7%
    4 Bedrooms
    23.1%
    5+ Bedrooms
    4.4%

    Rental Trends — Sherrills Ford, NC

    As of July '25, Rentcast reports the average rent in Sherrills Ford, NC is $2,290, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Sherrills Ford, NC is 1-bedrooms: $948, 2-bedrooms: $1,900, 3-bedrooms: $2,340, 4-bedrooms: $2,380. The most common rental property sizes in Sherrills Ford, NC are 3-bedroom and 2-bedroom, accounting for 54.2% and 38.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,340$2,290
    Studio Rent N/AN/A
    1 Bed Rent $700$948
    2 Bed Rent $2,100$1,900
    3 Bed Rent $2,400$2,340
    4 Bed Rent $2,300$2,380
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    % of Rental Stock

    1 Bedroom
    7.5%
    2 Bedrooms
    38.2%
    3 Bedrooms
    54.2%

    Property Listings — Sherrills Ford, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Sherrills Ford, NC is 73. This is a increase of 18.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$606,0009.0%
    Listing Count
    		120-12.0%
    Listings as % of Homes1.8%-12.0%
    Days on Market
    		7318.0%
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    Demographics — Sherrills Ford, NC

    As of the latest ACS Survey released in 2023, Sherrills Ford, NC has a population of 6,340, which has remained stable by 0.5% over the past 5 years. Sherrills Ford, NC is a less popular place for families, as children make up 14.1% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,3400.5%
    % Under 18
    		14.1%-36.8%
    % Seniors
    		27.6%43.8%
    % WFH
    		14.1%54.9%
    % w/ College Degree
    		42.5%18.7%
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    As of the latest ACS Survey released in 2023, Sherrills Ford, NC is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Sherrills Ford, NC is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.5% of the population in Sherrills Ford, NC, and this percentage has increased by 177.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.1%-0.8%
    % Black
    		2.0%-28.6%
    % Hispanic
    		2.3%155.6%
    % Asian
    		0.2%∞%
    % Foreign Born
    		2.5%177.8%
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    Mortgage and Risk — Sherrills Ford, NC

    According to HUD data as of 2023, there were 192 mortgage originations in Sherrills Ford, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Sherrills Ford, NC. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		192
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		6.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Sherrills Ford, NC

    As of 2024, the percent of homes in Sherrills Ford, NC under the Section 8 program is 0.6%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sherrills Ford, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$580$700$1,280
    2 Bedroom-$530$2,100$1,570
    3 Bedroom-$390$2,400$2,010
    4 Bedroom$60$2,300$2,360

    Affordability — Sherrills Ford, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$503,000
    Median Household Income$99,000

    Sherrills Ford, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    28682

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    Frequently Asked Questions