Valdese, NC 28690 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Valdese, NC—28690

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$241,000

2.0% YoY Growth

Household Income

$68,000

62.3% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$950

11.7% YoY Growth

1-Bed Rent

$900

10.3% YoY Growth

2-Bed Rent

$1,080

16.9% YoY Growth

3-Bed Rent

$1,200

0.0% YoY Growth

Home Price Trends — Valdese, NC

As of Dec '25, the median home price in Valdese, NC is $241,000, with a year-over-year change of 2.0%. This indicates that home prices in Valdese, NC are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$241,000	2.0%
Single Family	$243,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Valdese, NC

As of July '25, Rentcast reports the average rent in Valdese, NC is $1,020, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Valdese, NC is 1-bedrooms: $892, 2-bedrooms: $1,160, 3-bedrooms: $1,200. The most common rental property sizes in Valdese, NC are 2-bedroom and 3-bedroom, accounting for 41.9% and 31.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,020
Studio Rent	N/A	N/A
1 Bed Rent	$900	$892
2 Bed Rent	$1,080	$1,160
3 Bed Rent	$1,200	$1,200
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

20.1%

2 Bedrooms

41.9%

3 Bedrooms

31.4%

4 Bedrooms

6.1%

5+ Bedrooms

0.5%

Property Listings — Valdese, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Valdese, NC is 58. This is a increase of 16.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	4.0%
Listing Count	40	12.0%
Listings as % of Homes	0.4%	12.0%
Days on Market	71	7.0%

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Demographics — Valdese, NC

As of the latest ACS Survey released in 2023, Valdese, NC has a population of 9,290, which has increased by 1.9% over the past 5 years. Valdese, NC is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,290	1.9%
% Under 18	17.4%	-15.9%
% Seniors	27.3%	20.8%
% WFH	7.6%	123.5%
% w/ College Degree	30.7%	80.6%

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As of the latest ACS Survey released in 2023, Valdese, NC is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Valdese, NC is hispanic, making up 4.6% of the population. Foreign-born residents account for 4.0% of the population in Valdese, NC, and this percentage has increased by 122.2% 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	89.0%	-1.2%
% Black	1.1%	-74.4%
% Hispanic	4.6%	109.1%
% Asian	2.9%	45.0%
% Foreign Born	4.0%	122.2%

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Mortgage and Risk — Valdese, NC

According to HUD data as of 2023, there were 253 mortgage originations in Valdese, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Valdese, NC. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	253
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Valdese, NC

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

Section 8 Market Size

Total Units under HUD	205
Total Units Section 8	84
% Rentals under Section 8	9.1%
% Occupied Section 8	91.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$60	$900	$840
2 Bedroom	-$50	$1,080	$1,030
3 Bedroom	$110	$1,200	$1,310
4 Bedroom	N/A	N/A	$1,540

Valdese, NC—28690

Key Metrics at a Glance

Home Price Trends — Valdese, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Valdese, NC

% of Rental Stock

Property Listings — Valdese, NC

Demographics — Valdese, NC

Race and Ethnicity

Mortgage and Risk — Valdese, NC

Mortgages

Rentals and Section 8 — Valdese, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Valdese, NC

Home Price to Income Ratio

Valdese, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Drexel

Rutherford College

Pleasant Grove, NC

Icard

Sawmills, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$241,000
Median Household Income	$68,000

Valdese, NC—28690

Key Metrics at a Glance

Home Price Trends — Valdese, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Valdese, NC

% of Rental Stock

Property Listings — Valdese, NC

Demographics — Valdese, NC

Race and Ethnicity

Mortgage and Risk — Valdese, NC

Mortgages

Rentals and Section 8 — Valdese, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Valdese, NC

Home Price to Income Ratio

Valdese, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Drexel

Rutherford College

Pleasant Grove, NC

Icard

Sawmills, NC

Frequently Asked Questions

What is the average home price in Valdese, NC 28690?

How have home prices in Valdese, NC 28690 changed over the past year?

What is the home price projection for Valdese, NC 28690?

What are the demographics of Valdese, NC 28690?

How long does it take homes to sell in Valdese, NC 28690?

What is the average rent price in Valdese, NC 28690?