Rocky Mount, NC—27801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rocky Mount, NC
As of Oct '25, the median home price in Rocky Mount, NC is $124,000, with a year-over-year change of -8.6%. This indicates that home prices in Rocky Mount, NC are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $124,000 | -8.6% |
| Single Family | $124,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $74,000 | -14.0% |
3 Bed | $134,000 | -6.9% |
4 Bed | $176,000 | -2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rocky Mount, NC
As of July '25, Rentcast reports the average rent in Rocky Mount, NC is $1,080, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Rocky Mount, NC is studios: $795, 1-bedrooms: $654, 2-bedrooms: $861, 3-bedrooms: $1,380, 4-bedrooms: $1,690. The most common rental property sizes in Rocky Mount, NC are 3-bedroom and 2-bedroom, accounting for 45.6% and 43.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,080 |
| Studio Rent | $795 | $795 |
| 1 Bed Rent | $650 | $654 |
| 2 Bed Rent | $850 | $861 |
| 3 Bed Rent | $1,350 | $1,380 |
| 4 Bed Rent | $1,650 | $1,690 |
% of Rental Stock
Property Listings — Rocky Mount, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Rocky Mount, NC is 64. This is a increase of 38.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | -3.0% |
Listing Count | 87 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 64 | 38.0% |
Demographics — Rocky Mount, NC
As of the latest ACS Survey released in 2023, Rocky Mount, NC has a population of 19,500, which has decreased by -1.3% over the past 5 years. Rocky Mount, NC is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | -1.3% |
% Under 18 | 26.2% | 9.2% |
% Seniors | 16.6% | -1.8% |
% WFH | 7.1% | 238.1% |
% w/ College Degree | 15.3% | 28.6% |
As of the latest ACS Survey released in 2023, Rocky Mount, NC is a predominantly black area, with 70.7% of the population identifying as black. The black population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Rocky Mount, NC is white, making up 24.0% of the population. Foreign-born residents account for 1.1% of the population in Rocky Mount, NC, and this percentage has increased by 22.2% 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 | 24.0% | 11.6% |
% Black | 70.7% | -6.2% |
% Hispanic | 1.4% | 40.0% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 1.1% | 22.2% |
Mortgage and Risk — Rocky Mount, NC
According to HUD data as of 2023, there were 193 mortgage originations in Rocky Mount, NC, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Rocky Mount, NC. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Rocky Mount, NC
As of 2024, the percent of homes in Rocky Mount, NC under the Section 8 program is 13.3%. 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 Rocky Mount, 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 | 949 |
Total Units Section 8 | 557 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 79.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $650 | $840 |
| 2 Bedroom | $200 | $850 | $1,050 |
| 3 Bedroom | $80 | $1,350 | $1,430 |
| 4 Bedroom | $10 | $1,650 | $1,660 |
Affordability — Rocky Mount, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $124,000 |
| Median Household Income | $41,700 |