Garner, NC—27529
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garner, NC
As of Oct '25, the median home price in Garner, NC is $384,000, with a year-over-year change of -2.1%. This indicates that home prices in Garner, NC are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | -2.2% |
| Single Family | $384,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | -3.2% |
3 Bed | $350,000 | -2.8% |
4 Bed | $455,000 | -2.2% |
| 5 Bed | $525,000 | -1.1% |
% of Housing Stock
Rental Trends — Garner, NC
As of July '25, Rentcast reports the average rent in Garner, NC is $1,750, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Garner, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,560, 3-bedrooms: $1,990, 4-bedrooms: $2,340. The most common rental property sizes in Garner, NC are 2-bedroom and 3-bedroom, accounting for 52.9% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,670 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,300 |
| 2 Bed Rent | $1,600 | $1,560 |
| 3 Bed Rent | $2,000 | $1,990 |
| 4 Bed Rent | $2,300 | $2,340 |
% of Rental Stock
Property Listings — Garner, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Garner, NC is 68. This is a increase of 39.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $416,000 | 1.0% |
Listing Count | 376 | 15.0% |
| Listings as % of Homes | 1.2% | 15.0% |
Days on Market | 68 | 39.0% |
Demographics — Garner, NC
As of the latest ACS Survey released in 2023, Garner, NC has a population of 55,200, which has increased by 13.0% over the past 5 years. Garner, NC is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,200 | 13.0% |
% Under 18 | 21.7% | -15.6% |
% Seniors | 13.7% | 0.0% |
% WFH | 18.7% | 201.6% |
% w/ College Degree | 40.6% | 28.5% |
As of the latest ACS Survey released in 2023, Garner, NC is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Garner, NC is black, making up 24.7% of the population. Foreign-born residents account for 8.3% of the population in Garner, NC, and this percentage has increased by 27.7% 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 | 56.1% | -9.2% |
% Black | 24.7% | -0.4% |
% Hispanic | 13.0% | 21.5% |
% Asian | 1.4% | 40.0% |
% Foreign Born | 8.3% | 27.7% |
Mortgage and Risk — Garner, NC
According to HUD data as of 2023, there were 1884 mortgage originations in Garner, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Garner, 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 | 1,884 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Garner, NC
As of 2024, the percent of homes in Garner, NC under the Section 8 program is 2.8%. 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 Garner, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 232 |
Total Units Section 8 | 170 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,320 | $1,530 |
| 2 Bedroom | $90 | $1,600 | $1,690 |
| 3 Bedroom | $100 | $2,000 | $2,100 |
| 4 Bedroom | $540 | $2,300 | $2,840 |
Affordability — Garner, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $384,000 |
| Median Household Income | $86,400 |