Lake Lure, NC—28746
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Lure, NC
As of Oct '25, the median home price in Lake Lure, NC is $437,000, with a year-over-year change of -1.5%. This indicates that home prices in Lake Lure, NC are decreasing. 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 | $437,000 | -1.5% |
| Single Family | $454,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $148,000 | -9.2% |
2 Bed | $362,000 | -4.0% |
3 Bed | $529,000 | 0.0% |
4 Bed | $783,000 | -1.3% |
| 5 Bed | $1,084,000 | -2.4% |
% of Housing Stock
Rental Trends — Lake Lure, NC
As of July '25, Rentcast reports the average rent in Lake Lure, NC is $2,120, with a year-over-year rent change of -15.2%. Per bedroom, the median rent as of July '25 in Lake Lure, NC is studios: $1,400, 1-bedrooms: $1,100, 2-bedrooms: $1,610, 3-bedrooms: $3,000. The most common rental property sizes in Lake Lure, NC are 3-bedroom and 2-bedroom, accounting for 36.8% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,120 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,750 | $1,610 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Lure, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Lure, NC is 147. This is a increase of 56.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $567,000 | -11.0% |
Listing Count | 138 | 34.0% |
| Listings as % of Homes | 1.6% | 34.0% |
Days on Market | 147 | 56.0% |
Demographics — Lake Lure, NC
As of the latest ACS Survey released in 2023, Lake Lure, NC has a population of 2,730, which has increased by 15.3% over the past 5 years. Lake Lure, NC is a less popular place for families, as children make up 13.8% of the population. The area has a highly educated workforce, with 46.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,730 | 15.3% |
% Under 18 | 13.8% | 24.3% |
% Seniors | 37.1% | 4.2% |
% WFH | 21.8% | 17.8% |
% w/ College Degree | 46.1% | 12.4% |
As of the latest ACS Survey released in 2023, Lake Lure, NC is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Lake Lure, NC is black, making up 4.9% of the population. Foreign-born residents account for 2.9% of the population in Lake Lure, NC, and this percentage has decreased by 37.0% 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 | 84.9% | -11.3% |
% Black | 4.9% | 345.5% |
% Hispanic | 4.7% | 1,466.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.9% | -37.0% |
Mortgage and Risk — Lake Lure, NC
According to HUD data as of 2023, there were 152 mortgage originations in Lake Lure, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Lure, NC. Investor activity is low, as 6.0% 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 | 152 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 6.0% |
% Second Loans | 40.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lake Lure, NC
Lake Lure, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% 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 | $250 | $1,100 | $1,350 |
| 2 Bedroom | -$230 | $1,750 | $1,520 |
| 3 Bedroom | -$1,050 | $3,000 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Lake Lure, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $437,000 |
| Median Household Income | $65,700 |