East Flat Rock, NC—28726
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Flat Rock, NC
As of Oct '25, the median home price in East Flat Rock, NC is $295,000, with a year-over-year change of -1.6%. This indicates that home prices in East Flat Rock, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | -1.6% |
| Single Family | $295,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $320,000 | -2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Flat Rock, NC
East Flat Rock, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Flat Rock, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in East Flat Rock, NC is 95. This is a increase of 84.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -21.0% |
Listing Count | 5 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 95 | 84.0% |
Demographics — East Flat Rock, NC
As of the latest ACS Survey released in 2023, East Flat Rock, NC has a population of 4,370, which has increased by 35.8% over the past 5 years. East Flat Rock, NC is a popular place for families, as children make up 32.7% of the population. The area has a poorly educated workforce, with 9.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | 35.8% |
% Under 18 | 32.7% | 46.0% |
% Seniors | 11.5% | 33.7% |
% WFH | 1.9% | -81.7% |
% w/ College Degree | 9.0% | -41.2% |
As of the latest ACS Survey released in 2023, East Flat Rock, NC is a predominantly white area, with 63.9% of the population identifying as white. The white population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in East Flat Rock, NC is hispanic, making up 29.8% of the population. Foreign-born residents account for 18.3% of the population in East Flat Rock, NC, and this percentage has decreased by 14.1% 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 | 63.9% | 6.3% |
% Black | 7.4% | -18.7% |
% Hispanic | 29.8% | 16.9% |
% Asian | 2.0% | -13.0% |
% Foreign Born | 18.3% | -14.1% |
Mortgage and Risk — East Flat Rock, NC
According to HUD data as of 2023, there were 59 mortgage originations in East Flat Rock, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in East Flat Rock, NC. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — East Flat Rock, NC
East Flat Rock, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | -$50 | $2,000 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — East Flat Rock, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $295,000 |
| Median Household Income | $56,600 |