Rocky Mount, NC—27804
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 $224,000, with a year-over-year change of -0.9%. This indicates that home prices in Rocky Mount, NC are flat. 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 | $224,000 | -0.9% |
| Single Family | $225,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | -1.4% |
3 Bed | $217,000 | -0.9% |
4 Bed | $301,000 | 0.3% |
| 5 Bed | $317,000 | -0.3% |
% of Housing Stock
Rental Trends — Rocky Mount, NC
As of July '25, Rentcast reports the average rent in Rocky Mount, NC is $1,410, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Rocky Mount, NC is 1-bedrooms: $774, 2-bedrooms: $1,200, 3-bedrooms: $1,670, 4-bedrooms: $1,880. The most common rental property sizes in Rocky Mount, NC are 2-bedroom and 3-bedroom, accounting for 40.1% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $774 |
| 2 Bed Rent | $1,060 | $1,200 |
| 3 Bed Rent | $1,650 | $1,670 |
| 4 Bed Rent | $1,800 | $1,880 |
% 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 69. This is a increase of 8.0% 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 | $295,000 | -1.0% |
Listing Count | 142 | 40.0% |
| Listings as % of Homes | 0.7% | 40.0% |
Days on Market | 69 | 8.0% |
Demographics — Rocky Mount, NC
As of the latest ACS Survey released in 2023, Rocky Mount, NC has a population of 30,000, which has remained stable by 0.2% over the past 5 years. Rocky Mount, NC is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,000 | 0.2% |
% Under 18 | 19.9% | -17.1% |
% Seniors | 21.0% | 25.7% |
% WFH | 6.6% | 88.6% |
% w/ College Degree | 26.6% | 3.1% |
As of the latest ACS Survey released in 2023, Rocky Mount, NC is a predominantly black area, with 51.8% of the population identifying as black. The black population has grown by 13.6% in the last 5 years. The second most common race or ethnicity in Rocky Mount, NC is white, making up 37.6% of the population. Foreign-born residents account for 3.9% of the population in Rocky Mount, NC, and this percentage has decreased by 27.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 37.6% | -12.4% |
% Black | 51.8% | 13.6% |
% Hispanic | 5.8% | 11.5% |
% Asian | 1.5% | -16.7% |
% Foreign Born | 3.9% | -27.8% |
Mortgage and Risk — Rocky Mount, NC
According to HUD data as of 2023, there were 546 mortgage originations in Rocky Mount, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Rocky Mount, NC. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 546 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
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 5.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Rocky Mount, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 400 |
Total Units Section 8 | 296 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $750 | $910 |
| 2 Bedroom | $80 | $1,060 | $1,140 |
| 3 Bedroom | -$90 | $1,650 | $1,560 |
| 4 Bedroom | $0 | $1,800 | $1,800 |
Affordability — Rocky Mount, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $224,000 |
| Median Household Income | $58,800 |