Valdese, NC—28690
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Valdese, NC
As of Oct '25, the median home price in Valdese, NC is $245,000, with a year-over-year change of 1.6%. This indicates that home prices in Valdese, NC are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 1.6% |
| Single Family | $246,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $185,000 | 2.8% |
3 Bed | $272,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Valdese, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Valdese, NC is 84. This is a increase of 37.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -4.0% |
Listing Count | 46 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 84 | 37.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Valdese, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $245,000 |
| Median Household Income | $68,000 |