Gaston, SC—29053
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gaston, SC
As of Oct '25, the median home price in Gaston, SC is $142,000, with a year-over-year change of -7.2%. This indicates that home prices in Gaston, SC are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $142,000 | -7.2% |
| Single Family | $142,000 | -6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $93,000 | -2.1% |
3 Bed | $135,000 | -1.5% |
4 Bed | $224,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gaston, SC
As of July '25, Rentcast reports the average rent in Gaston, SC is $1,460, with a year-over-year rent change of 11.5%. Per bedroom, the median rent as of July '25 in Gaston, SC is 2-bedrooms: $962, 3-bedrooms: $1,550, 4-bedrooms: $1,830. The most common rental property sizes in Gaston, SC are 3-bedroom and 2-bedroom, accounting for 52.5% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $962 |
| 3 Bed Rent | $1,600 | $1,550 |
| 4 Bed Rent | $1,850 | $1,830 |
% of Rental Stock
Property Listings — Gaston, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gaston, SC is 45. This is a increase of 55.0% 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 | $252,000 | 6.0% |
Listing Count | 58 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 45 | 55.0% |
Demographics — Gaston, SC
As of the latest ACS Survey released in 2023, Gaston, SC has a population of 20,800, which has increased by 16.6% over the past 5 years. Gaston, SC is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | 16.6% |
% Under 18 | 27.7% | 10.4% |
% Seniors | 10.4% | -11.9% |
% WFH | 7.4% | 270.0% |
% w/ College Degree | 11.9% | 10.2% |
As of the latest ACS Survey released in 2023, Gaston, SC is a predominantly white area, with 52.9% of the population identifying as white. The white population has shrunk by 23.7% in the last 5 years. The second most common race or ethnicity in Gaston, SC is black, making up 22.2% of the population. Foreign-born residents account for 8.7% of the population in Gaston, SC, and this percentage has increased by 163.6% 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 | 52.9% | -23.7% |
% Black | 22.2% | 8.3% |
% Hispanic | 21.1% | 170.5% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 8.7% | 163.6% |
Mortgage and Risk — Gaston, SC
According to HUD data as of 2023, there were 231 mortgage originations in Gaston, SC, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Gaston, SC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Gaston, SC
Gaston, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | $240 | $900 | $1,140 |
| 3 Bedroom | -$150 | $1,600 | $1,450 |
| 4 Bedroom | -$100 | $1,850 | $1,750 |
Affordability — Gaston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $142,000 |
| Median Household Income | $54,100 |