Etowah, NC—28729
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Etowah, NC
As of Oct '25, the median home price in Etowah, NC is $419,000, with a year-over-year change of 0.3%. This indicates that home prices in Etowah, NC are flat. 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 | $419,000 | 0.3% |
| Single Family | $433,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | -1.8% |
3 Bed | $434,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Etowah, NC
As of July '25, Rentcast reports the average rent in Etowah, NC is $2,430, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Etowah, NC is 2-bedrooms: $2,400, 3-bedrooms: $2,450. The most common rental property sizes in Etowah, NC are 3-bedroom and 2-bedroom, accounting for 64.9% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,400 | $2,400 |
| 3 Bed Rent | $2,500 | $2,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Etowah, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Etowah, NC is 84. This is a increase of 62.0% 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 | $465,000 | -14.0% |
Listing Count | 31 | 68.0% |
| Listings as % of Homes | 0.8% | 68.0% |
Days on Market | 84 | 62.0% |
Demographics — Etowah, NC
As of the latest ACS Survey released in 2023, Etowah, NC has a population of 3,390, which has increased by 3.5% over the past 5 years. Etowah, NC is a less popular place for families, as children make up 14.5% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,390 | 3.5% |
% Under 18 | 14.5% | -13.7% |
% Seniors | 29.6% | -14.2% |
% WFH | 5.0% | 8.7% |
% w/ College Degree | 30.0% | 16.3% |
As of the latest ACS Survey released in 2023, Etowah, NC is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Etowah, NC is hispanic, making up 2.1% of the population. Foreign-born residents account for 4.3% of the population in Etowah, NC, and this percentage has increased by 65.4% 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 | 91.9% | -6.8% |
% Black | 0.9% | ∞% |
% Hispanic | 2.1% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.3% | 65.4% |
Mortgage and Risk — Etowah, NC
According to HUD data as of 2023, there were 171 mortgage originations in Etowah, NC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Etowah, NC. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 171 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Etowah, NC
Etowah, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,050 |
| 2 Bedroom | -$130 | $2,400 | $2,270 |
| 3 Bedroom | $330 | $2,500 | $2,830 |
| 4 Bedroom | N/A | N/A | $3,810 |
Affordability — Etowah, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $419,000 |
| Median Household Income | $81,300 |