Cullowhee, NC—28723
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cullowhee, NC
As of Oct '25, the median home price in Cullowhee, NC is $432,000, with a year-over-year change of 3.1%. This indicates that home prices in Cullowhee, NC are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $432,000 | 3.1% |
| Single Family | $431,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 0.7% |
2 Bed | $321,000 | 1.6% |
3 Bed | $474,000 | 3.7% |
4 Bed | $675,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cullowhee, NC
As of July '25, Rentcast reports the average rent in Cullowhee, NC is $1,360, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Cullowhee, NC is studios: $981, 1-bedrooms: $965, 2-bedrooms: $1,360, 3-bedrooms: $1,900. The most common rental property sizes in Cullowhee, NC are 2-bedroom and 1-bedroom, accounting for 38.6% and 17.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,360 |
| Studio Rent | $975 | $981 |
| 1 Bed Rent | $950 | $965 |
| 2 Bed Rent | $1,350 | $1,360 |
| 3 Bed Rent | $1,980 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cullowhee, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Cullowhee, NC is 129. This is a increase of 24.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $810,000 | -17.0% |
Listing Count | 71 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 129 | 24.0% |
Demographics — Cullowhee, NC
As of the latest ACS Survey released in 2023, Cullowhee, NC has a population of 11,400, which has increased by 2.2% over the past 5 years. Cullowhee, NC is a less popular place for families, as children make up 8.3% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,400 | 2.2% |
% Under 18 | 8.3% | -19.4% |
% Seniors | 10.9% | 34.6% |
% WFH | 5.3% | 51.4% |
% w/ College Degree | 31.5% | -16.9% |
As of the latest ACS Survey released in 2023, Cullowhee, NC is a predominantly white area, with 81.4% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Cullowhee, NC is hispanic, making up 8.7% of the population. Foreign-born residents account for 4.9% of the population in Cullowhee, NC, and this percentage has increased by 69.0% 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 | 81.4% | 0.4% |
% Black | 6.6% | 3.1% |
% Hispanic | 8.7% | -12.1% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 4.9% | 69.0% |
Mortgage and Risk — Cullowhee, NC
According to HUD data as of 2023, there were 205 mortgage originations in Cullowhee, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Cullowhee, NC. Investor activity is low, as 3.0% 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 | 205 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 32.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cullowhee, NC
Cullowhee, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $950 | $1,000 |
| 2 Bedroom | -$230 | $1,350 | $1,120 |
| 3 Bedroom | -$630 | $1,980 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Cullowhee, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $432,000 |
| Median Household Income | $43,500 |