Sylva, NC 28779 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sylva, NC—28779

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$327,000

3.4% YoY Growth

Household Income

$54,400

1.5% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

2.5%

Median Rent

$1,750

8.5% YoY Growth

1-Bed Rent

$1,300

4.1% YoY Growth

2-Bed Rent

$1,700

16.3% YoY Growth

3-Bed Rent

$2,000

10.2% YoY Growth

Home Price Trends — Sylva, NC

As of Dec '25, the median home price in Sylva, NC is $327,000, with a year-over-year change of 3.4%. This indicates that home prices in Sylva, NC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$327,000	3.4%
Single Family	$328,000	3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.6%

1 Bedroom

19.4%

2 Bedrooms

45.8%

3 Bedrooms

25.4%

4 Bedrooms

4.8%

Property Listings — Sylva, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Sylva, NC is 73. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$500,000	-15.0%
Listing Count	114	63.0%
Listings as % of Homes	0.5%	63.0%
Days on Market	90	-9.0%

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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%

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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%

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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%

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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

Sylva, NC—28779

Key Metrics at a Glance

Home Price Trends — Sylva, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sylva, NC

% of Rental Stock

Property Listings — Sylva, NC

Demographics — Sylva, NC

Race and Ethnicity

Mortgage and Risk — Sylva, NC

Mortgages

Rentals and Section 8 — Sylva, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Sylva, NC

Home Price to Income Ratio

Sylva, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Webster

Cullowhee, NC

Whittier, NC

Balsam

Maggie Valley, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$327,000
Median Household Income	$54,400

Sylva, NC—28779

Key Metrics at a Glance

Home Price Trends — Sylva, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sylva, NC

% of Rental Stock

Property Listings — Sylva, NC

Demographics — Sylva, NC

Race and Ethnicity

Mortgage and Risk — Sylva, NC

Mortgages

Rentals and Section 8 — Sylva, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Sylva, NC

Home Price to Income Ratio

Sylva, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Webster

Cullowhee, NC

Whittier, NC

Balsam

Maggie Valley, NC

Frequently Asked Questions

What is the average home price in Sylva, NC 28779?

How have home prices in Sylva, NC 28779 changed over the past year?

What is the home price projection for Sylva, NC 28779?

What are the demographics of Sylva, NC 28779?

How long does it take homes to sell in Sylva, NC 28779?

What is the average rent price in Sylva, NC 28779?