Enfield, NC—27823
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Enfield, NC
As of Nov '25, the median home price in Enfield, NC is $63,000, with a year-over-year change of -11.7%. This indicates that home prices in Enfield, 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 | $63,000 | -11.7% |
| Single Family | $63,000 | -10.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $38,000 | -7.3% |
3 Bed | $85,000 | 0.0% |
4 Bed | $152,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Enfield, NC
As of July '25, Rentcast reports the average rent in Enfield, NC is $800, with a year-over-year rent change of -41.6%. Per bedroom, the median rent as of July '25 in Enfield, NC is 2-bedrooms: $800, 3-bedrooms: $800. The most common rental property sizes in Enfield, NC are 3-bedroom and 2-bedroom, accounting for 51.1% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $800 |
| 3 Bed Rent | $800 | $800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Enfield, NC
As of Nov '25, Realtor.com reports that the median days on market for a home in Enfield, NC is 124. This is a increase of 9.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $264,000 | 0.0% |
Listing Count | 17 | 46.0% |
| Listings as % of Homes | 0.2% | 46.0% |
Days on Market | 124 | 9.0% |
Demographics — Enfield, NC
As of the latest ACS Survey released in 2023, Enfield, NC has a population of 6,500, which has decreased by -17.6% over the past 5 years. Enfield, NC is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 5.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,500 | -17.6% |
% Under 18 | 21.9% | 25.1% |
% Seniors | 20.0% | 14.3% |
% WFH | 3.2% | 18.5% |
% w/ College Degree | 5.4% | -43.2% |
As of the latest ACS Survey released in 2023, Enfield, NC is a predominantly black area, with 82.0% of the population identifying as black. The black population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Enfield, NC is white, making up 12.5% of the population. Foreign-born residents account for 0.9% of the population in Enfield, NC, and this percentage has decreased by 64.0% 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 | 12.5% | -0.8% |
% Black | 82.0% | 4.9% |
% Hispanic | 2.1% | 40.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | -64.0% |
Mortgage and Risk — Enfield, NC
According to HUD data as of 2023, there were 32 mortgage originations in Enfield, NC, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Enfield, NC. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 32 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Enfield, NC
Enfield, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 278 |
Total Units Section 8 | 227 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $110 | $850 | $960 |
| 3 Bedroom | $380 | $800 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Enfield, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $63,000 |
| Median Household Income | $33,500 |