Solola Valley, NC 28719 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Solola Valley, NC—28719

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$55,000

N/A

Household Income

$52,200

39.8% YoY Growth

Days on Market

348

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Solola Valley, NC

Solola Valley, NC lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Solola Valley, NC

Solola Valley, 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

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% of Rental Stock

Studio

2.8%

1 Bedroom

7.3%

2 Bedrooms

35.9%

3 Bedrooms

43.8%

4 Bedrooms

10.3%

Property Listings — Solola Valley, NC

Solola Valley, NC lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$55,000	N/A
Listing Count	3	N/A
Listings as % of Homes	N/A	N/A
Days on Market	348	N/A

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Demographics — Solola Valley, NC

As of the latest ACS Survey released in 2023, Solola Valley, NC has a population of 6,580, which has decreased by -18.0% over the past 5 years. Solola Valley, NC is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 14.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,580	-18.0%
% Under 18	24.5%	-6.5%
% Seniors	17.2%	19.4%
% WFH	5.9%	78.8%
% w/ College Degree	14.0%	7.7%

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As of the latest ACS Survey released in 2023, Solola Valley, NC is a predominantly white area, with 11.3% of the population identifying as white. The white population has shrunk by 27.1% in the last 5 years. The second most common race or ethnicity in Solola Valley, NC is hispanic, making up 5.6% of the population. Foreign-born residents account for 3.1% of the population in Solola Valley, NC, and this percentage has increased by 40.9% 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	11.3%	-27.1%
% Black	1.3%	62.5%
% Hispanic	5.6%	-3.4%
% Asian	1.8%	38.5%
% Foreign Born	3.1%	40.9%

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Mortgage and Risk — Solola Valley, NC

According to HUD data as of 2023, there were 61 mortgage originations in Solola Valley, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Solola Valley, NC. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	61
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	3.0%
% Second Loans	10.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Solola Valley, NC

Solola Valley, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	10
Total Units Section 8	10
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,000
2 Bedroom	N/A	N/A	$1,120
3 Bedroom	N/A	N/A	$1,350
4 Bedroom	N/A	N/A	$1,530

Solola Valley, NC—28719

Key Metrics at a Glance

Home Price Trends — Solola Valley, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Solola Valley, NC

% of Rental Stock

Property Listings — Solola Valley, NC

Demographics — Solola Valley, NC

Race and Ethnicity

Mortgage and Risk — Solola Valley, NC

Mortgages

Rentals and Section 8 — Solola Valley, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Solola Valley, NC

Home Price to Income Ratio

Solola Valley, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Gatlinburg, TN

Bryson City, NC

Whittier, NC

Pigeon Forge, TN

Pigeon Forge, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$52,200

Solola Valley, NC—28719

Key Metrics at a Glance

Home Price Trends — Solola Valley, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Solola Valley, NC

% of Rental Stock

Property Listings — Solola Valley, NC

Demographics — Solola Valley, NC

Race and Ethnicity

Mortgage and Risk — Solola Valley, NC

Mortgages

Rentals and Section 8 — Solola Valley, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Solola Valley, NC

Home Price to Income Ratio

Solola Valley, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Gatlinburg, TN

Bryson City, NC

Whittier, NC

Pigeon Forge, TN

Pigeon Forge, TN

Frequently Asked Questions

What is the average home price in Solola Valley, NC 28719?

How have home prices in Solola Valley, NC 28719 changed over the past year?

What is the home price projection for Solola Valley, NC 28719?

What are the demographics of Solola Valley, NC 28719?

How long does it take homes to sell in Solola Valley, NC 28719?

What is the average rent price in Solola Valley, NC 28719?