Rocky Mount, NC—27803
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 $201,000, with a year-over-year change of -1.6%. This indicates that home prices in Rocky Mount, NC are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | -1.6% |
| Single Family | $201,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $87,000 | -8.4% |
3 Bed | $198,000 | -1.0% |
4 Bed | $309,000 | 1.0% |
| 5 Bed | $372,000 | 0.8% |
% of Housing Stock
Rental Trends — Rocky Mount, NC
As of July '25, Rentcast reports the average rent in Rocky Mount, NC is $1,140, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Rocky Mount, NC is 1-bedrooms: $706, 2-bedrooms: $844, 3-bedrooms: $1,320, 4-bedrooms: $2,170. The most common rental property sizes in Rocky Mount, NC are 3-bedroom and 2-bedroom, accounting for 44.3% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $706 |
| 2 Bed Rent | $850 | $844 |
| 3 Bed Rent | $1,250 | $1,320 |
| 4 Bed Rent | $1,750 | $2,170 |
% 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 53. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 10.0% |
Listing Count | 94 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 53 | -1.0% |
Demographics — Rocky Mount, NC
As of the latest ACS Survey released in 2023, Rocky Mount, NC has a population of 19,900, which has increased by 5.6% over the past 5 years. Rocky Mount, NC is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | 5.6% |
% Under 18 | 22.1% | 15.7% |
% Seniors | 20.8% | 6.1% |
% WFH | 11.5% | 161.4% |
% w/ College Degree | 22.7% | -7.3% |
As of the latest ACS Survey released in 2023, Rocky Mount, NC is a predominantly white area, with 45.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Rocky Mount, NC is black, making up 43.6% of the population. Foreign-born residents account for 3.4% of the population in Rocky Mount, NC, and this percentage has increased by 25.9% 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 | 45.9% | -2.3% |
% Black | 43.6% | -10.5% |
% Hispanic | 4.7% | 88.0% |
% Asian | 1.2% | 100.0% |
% Foreign Born | 3.4% | 25.9% |
Mortgage and Risk — Rocky Mount, NC
According to HUD data as of 2023, there were 388 mortgage originations in Rocky Mount, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Rocky Mount, NC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 388 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
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 12.1%. 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 | 755 |
Total Units Section 8 | 399 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 84.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $650 | $920 |
| 2 Bedroom | $300 | $850 | $1,150 |
| 3 Bedroom | $310 | $1,250 | $1,560 |
| 4 Bedroom | $60 | $1,750 | $1,810 |
Affordability — Rocky Mount, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $201,000 |
| Median Household Income | $59,600 |