Arden, NC—28704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arden, NC
As of Oct '25, the median home price in Arden, NC is $445,000, with a year-over-year change of -2.1%. This indicates that home prices in Arden, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | -2.1% |
| Single Family | $457,000 | -2.4% |
| Condos | $283,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $293,000 | -2.3% |
3 Bed | $430,000 | -2.3% |
4 Bed | $672,000 | -1.5% |
| 5 Bed | $803,000 | -1.5% |
% of Housing Stock
Rental Trends — Arden, NC
As of July '25, Rentcast reports the average rent in Arden, NC is $1,820, with a year-over-year rent change of -19.1%. Per bedroom, the median rent as of July '25 in Arden, NC is studios: $1,280, 1-bedrooms: $1,400, 2-bedrooms: $1,610, 3-bedrooms: $2,180, 4-bedrooms: $4,140. The most common rental property sizes in Arden, NC are 2-bedroom and 3-bedroom, accounting for 39.2% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,590 | $1,820 |
| Studio Rent | $1,280 | $1,280 |
| 1 Bed Rent | $1,380 | $1,400 |
| 2 Bed Rent | $1,570 | $1,610 |
| 3 Bed Rent | $2,100 | $2,180 |
| 4 Bed Rent | $3,300 | $4,140 |
% of Rental Stock
Property Listings — Arden, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Arden, NC is 77. This is a increase of 22.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 6.0% |
Listing Count | 202 | 40.0% |
| Listings as % of Homes | 0.9% | 40.0% |
Days on Market | 77 | 22.0% |
Demographics — Arden, NC
As of the latest ACS Survey released in 2023, Arden, NC has a population of 23,500, which has increased by 23.4% over the past 5 years. Arden, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 23.4% |
% Under 18 | 20.5% | -6.8% |
% Seniors | 16.3% | -2.4% |
% WFH | 16.7% | 328.2% |
% w/ College Degree | 40.9% | -7.5% |
As of the latest ACS Survey released in 2023, Arden, NC is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Arden, NC is hispanic, making up 11.1% of the population. Foreign-born residents account for 10.3% of the population in Arden, NC, and this percentage has decreased by 9.6% 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 | 73.6% | -8.5% |
% Black | 7.9% | 33.9% |
% Hispanic | 11.1% | 35.4% |
% Asian | 2.1% | -47.5% |
% Foreign Born | 10.3% | -9.6% |
Mortgage and Risk — Arden, NC
According to HUD data as of 2023, there were 447 mortgage originations in Arden, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Arden, NC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 447 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Arden, NC
As of 2024, the percent of homes in Arden, NC under the Section 8 program is 2.8%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Arden, NC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,380 | $1,570 |
| 2 Bedroom | $190 | $1,570 | $1,760 |
| 3 Bedroom | $160 | $2,100 | $2,260 |
| 4 Bedroom | -$320 | $3,300 | $2,980 |
Affordability — Arden, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $445,000 |
| Median Household Income | $79,100 |