Fletcher, NC—28732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fletcher, NC
As of Oct '25, the median home price in Fletcher, NC is $446,000, with a year-over-year change of -1.3%. This indicates that home prices in Fletcher, NC are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $446,000 | -1.3% |
| Single Family | $462,000 | -1.7% |
| Condos | $292,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $303,000 | -3.2% |
3 Bed | $434,000 | -1.8% |
4 Bed | $575,000 | -2.0% |
| 5 Bed | $826,000 | -0.6% |
% of Housing Stock
Rental Trends — Fletcher, NC
As of July '25, Rentcast reports the average rent in Fletcher, NC is $2,090, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Fletcher, NC is 1-bedrooms: $1,420, 2-bedrooms: $1,560, 3-bedrooms: $2,470, 4-bedrooms: $3,200. The most common rental property sizes in Fletcher, NC are 2-bedroom and 3-bedroom, accounting for 48.4% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,420 |
| 2 Bed Rent | $1,650 | $1,560 |
| 3 Bed Rent | $2,400 | $2,470 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Fletcher, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Fletcher, NC is 68. This is a increase of 28.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | -3.0% |
Listing Count | 188 | 131.0% |
| Listings as % of Homes | 0.5% | 131.0% |
Days on Market | 68 | 28.0% |
Demographics — Fletcher, NC
As of the latest ACS Survey released in 2023, Fletcher, NC has a population of 18,500, which has increased by 5.8% over the past 5 years. Fletcher, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,500 | 5.8% |
% Under 18 | 20.6% | 5.1% |
% Seniors | 21.7% | 33.1% |
% WFH | 11.8% | 90.3% |
% w/ College Degree | 39.6% | 9.1% |
As of the latest ACS Survey released in 2023, Fletcher, NC is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Fletcher, NC is hispanic, making up 8.8% of the population. Foreign-born residents account for 7.0% of the population in Fletcher, NC, and this percentage has increased by 32.1% 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 | 82.5% | -4.8% |
% Black | 3.2% | -44.8% |
% Hispanic | 8.8% | 104.7% |
% Asian | 1.6% | -40.7% |
% Foreign Born | 7.0% | 32.1% |
Mortgage and Risk — Fletcher, NC
According to HUD data as of 2023, there were 503 mortgage originations in Fletcher, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fletcher, NC. Investor activity is low, as 2.0% 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 | 503 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fletcher, NC
As of 2024, the percent of homes in Fletcher, NC under the Section 8 program is 2.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Fletcher, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,250 | $1,430 |
| 2 Bedroom | -$50 | $1,650 | $1,600 |
| 3 Bedroom | -$340 | $2,400 | $2,060 |
| 4 Bedroom | -$500 | $3,200 | $2,700 |
Affordability — Fletcher, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $446,000 |
| Median Household Income | $79,500 |