Sylva, NC—28779
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sylva, NC
As of Oct '25, the median home price in Sylva, NC is $333,000, with a year-over-year change of 3.5%. This indicates that home prices in Sylva, NC are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 3.5% |
| Single Family | $333,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $206,000 | 0.5% |
2 Bed | $275,000 | 3.4% |
3 Bed | $353,000 | 3.5% |
4 Bed | $467,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sylva, NC
As of July '25, Rentcast reports the average rent in Sylva, NC is $1,660, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Sylva, NC is 1-bedrooms: $1,260, 2-bedrooms: $1,500, 3-bedrooms: $2,050, 4-bedrooms: $1,820. The most common rental property sizes in Sylva, NC are 2-bedroom and 3-bedroom, accounting for 45.8% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,260 |
| 2 Bed Rent | $1,700 | $1,500 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $1,800 | $1,820 |
% of Rental Stock
Property Listings — Sylva, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Sylva, NC is 66. This is a increase of 4.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $506,000 | -17.0% |
Listing Count | 131 | 43.0% |
| Listings as % of Homes | 0.5% | 43.0% |
Days on Market | 66 | 4.0% |
Demographics — Sylva, NC
As of the latest ACS Survey released in 2023, Sylva, NC has a population of 17,800, which has decreased by -1.6% over the past 5 years. Sylva, NC is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | -1.6% |
% Under 18 | 21.2% | 7.1% |
% Seniors | 21.8% | -0.5% |
% WFH | 5.9% | 25.5% |
% w/ College Degree | 28.2% | -18.5% |
As of the latest ACS Survey released in 2023, Sylva, NC is a predominantly white area, with 86.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Sylva, NC is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.5% of the population in Sylva, NC, and this percentage has increased by 20.7% 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 | 86.9% | -4.4% |
% Black | 0.8% | -33.3% |
% Hispanic | 4.0% | 21.2% |
% Asian | 1.9% | 280.0% |
% Foreign Born | 3.5% | 20.7% |
Mortgage and Risk — Sylva, NC
According to HUD data as of 2023, there were 300 mortgage originations in Sylva, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sylva, NC. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Sylva, NC
As of 2024, the percent of homes in Sylva, NC under the Section 8 program is 10.9%. 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. In Sylva, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 287 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,300 | $1,000 |
| 2 Bedroom | -$580 | $1,700 | $1,120 |
| 3 Bedroom | -$650 | $2,000 | $1,350 |
| 4 Bedroom | -$270 | $1,800 | $1,530 |
Affordability — Sylva, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $333,000 |
| Median Household Income | $54,400 |