Summerfield, NC—27358
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerfield, NC
As of Oct '25, the median home price in Summerfield, NC is $491,000, with a year-over-year change of 2.5%. This indicates that home prices in Summerfield, NC are increasing. 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 | $491,000 | 2.6% |
| Single Family | $494,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 0.5% |
3 Bed | $394,000 | 3.4% |
4 Bed | $677,000 | 2.3% |
| 5 Bed | $563,000 | 3.1% |
% of Housing Stock
Rental Trends — Summerfield, NC
As of July '25, Rentcast reports the average rent in Summerfield, NC is $2,270, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Summerfield, NC is 1-bedrooms: $1,050, 2-bedrooms: $1,400, 3-bedrooms: $2,720. The most common rental property sizes in Summerfield, NC are 3-bedroom and 2-bedroom, accounting for 43.6% and 41.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $1,100 | $1,400 |
| 3 Bed Rent | $2,900 | $2,720 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summerfield, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerfield, NC is 48. 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $648,000 | -8.0% |
Listing Count | 105 | 37.0% |
| Listings as % of Homes | 0.9% | 37.0% |
Days on Market | 48 | -7.0% |
Demographics — Summerfield, NC
As of the latest ACS Survey released in 2023, Summerfield, NC has a population of 15,300, which has remained stable by 0.7% over the past 5 years. Summerfield, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 0.7% |
% Under 18 | 24.2% | 0.0% |
% Seniors | 14.4% | 6.7% |
% WFH | 20.4% | 264.3% |
% w/ College Degree | 51.4% | 19.5% |
As of the latest ACS Survey released in 2023, Summerfield, NC is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Summerfield, NC is hispanic, making up 6.8% of the population. Foreign-born residents account for 10.2% of the population in Summerfield, NC, and this percentage has increased by 229.0% 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 | 79.6% | -12.0% |
% Black | 4.2% | 55.6% |
% Hispanic | 6.8% | 65.9% |
% Asian | 6.0% | 185.7% |
% Foreign Born | 10.2% | 229.0% |
Mortgage and Risk — Summerfield, NC
According to HUD data as of 2023, there were 229 mortgage originations in Summerfield, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Summerfield, NC. Investor activity is low, as 0.0% 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 | 229 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Summerfield, NC
Summerfield, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $110 | $1,050 | $1,160 |
| 2 Bedroom | $230 | $1,100 | $1,330 |
| 3 Bedroom | -$1,220 | $2,900 | $1,680 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Summerfield, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $491,000 |
| Median Household Income | $129,000 |