Roanoke Rapids, NC 27870 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Roanoke Rapids, NC—27870

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$116,000

0.4% YoY Growth

Household Income

$49,000

35.0% YoY Growth

Days on Market

18.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

$875

8.3% YoY Growth

1-Bed Rent

$600

28.4% YoY Growth

2-Bed Rent

$800

16.1% YoY Growth

3-Bed Rent

$1,300

22.9% YoY Growth

Home Price Trends — Roanoke Rapids, NC

As of Dec '25, the median home price in Roanoke Rapids, NC is $116,000, with a year-over-year change of -0.4%. This indicates that home prices in Roanoke Rapids, NC are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$116,000	-0.4%
Single Family	$116,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Roanoke Rapids, NC

As of July '25, Rentcast reports the average rent in Roanoke Rapids, NC is $1,000, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Roanoke Rapids, NC is 1-bedrooms: $540, 2-bedrooms: $856, 3-bedrooms: $1,340, 4-bedrooms: $1,250. The most common rental property sizes in Roanoke Rapids, NC are 2-bedroom and 3-bedroom, accounting for 40.9% and 36.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$875	$1,000
Studio Rent	N/A	N/A
1 Bed Rent	$600	$540
2 Bed Rent	$800	$856
3 Bed Rent	$1,300	$1,340
4 Bed Rent	$1,250	$1,250

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% of Rental Stock

Studio

2.1%

1 Bedroom

14.9%

2 Bedrooms

40.9%

3 Bedrooms

36.2%

4 Bedrooms

5.2%

5+ Bedrooms

0.7%

Property Listings — Roanoke Rapids, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Roanoke Rapids, NC is 54. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$184,000	-15.0%
Listing Count	77	40.0%
Listings as % of Homes	0.5%	40.0%
Days on Market	79	-18.0%

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Demographics — Roanoke Rapids, NC

As of the latest ACS Survey released in 2023, Roanoke Rapids, NC has a population of 24,800, which has decreased by -3.9% over the past 5 years. Roanoke Rapids, NC is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,800	-3.9%
% Under 18	24.0%	-3.2%
% Seniors	19.5%	7.1%
% WFH	8.4%	500.0%
% w/ College Degree	19.0%	6.7%

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As of the latest ACS Survey released in 2023, Roanoke Rapids, NC is a predominantly white area, with 47.1% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Roanoke Rapids, NC is black, making up 40.6% of the population. Foreign-born residents account for 3.3% of the population in Roanoke Rapids, NC, and this percentage has increased by 73.7% 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	47.1%	-7.6%
% Black	40.6%	-6.9%
% Hispanic	4.9%	69.0%
% Asian	1.3%	62.5%
% Foreign Born	3.3%	73.7%

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Mortgage and Risk — Roanoke Rapids, NC

According to HUD data as of 2023, there were 286 mortgage originations in Roanoke Rapids, NC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Roanoke Rapids, NC. Investor activity is low, as 4.0% 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	286
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	4.0%
% Second Loans	4.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Roanoke Rapids, NC

Roanoke Rapids, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	926
Total Units Section 8	615
% Rentals under Section 8	N/A
% Occupied Section 8	71.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$150	$600	$750
2 Bedroom	$150	$800	$950
3 Bedroom	-$130	$1,300	$1,170
4 Bedroom	$170	$1,250	$1,420

Roanoke Rapids, NC—27870

Key Metrics at a Glance

Home Price Trends — Roanoke Rapids, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Roanoke Rapids, NC

% of Rental Stock

Property Listings — Roanoke Rapids, NC

Demographics — Roanoke Rapids, NC

Race and Ethnicity

Mortgage and Risk — Roanoke Rapids, NC

Mortgages

Rentals and Section 8 — Roanoke Rapids, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Roanoke Rapids, NC

Home Price to Income Ratio

Roanoke Rapids, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Gaston, NC

Weldon, NC

Gaston, NC

Littleton, NC

Henrico, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$116,000
Median Household Income	$49,000

Roanoke Rapids, NC—27870

Key Metrics at a Glance

Home Price Trends — Roanoke Rapids, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Roanoke Rapids, NC

% of Rental Stock

Property Listings — Roanoke Rapids, NC

Demographics — Roanoke Rapids, NC

Race and Ethnicity

Mortgage and Risk — Roanoke Rapids, NC

Mortgages

Rentals and Section 8 — Roanoke Rapids, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Roanoke Rapids, NC

Home Price to Income Ratio

Roanoke Rapids, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Gaston, NC

Weldon, NC

Gaston, NC

Littleton, NC

Henrico, NC

Frequently Asked Questions

What is the average home price in Roanoke Rapids, NC 27870?

How have home prices in Roanoke Rapids, NC 27870 changed over the past year?

What is the home price projection for Roanoke Rapids, NC 27870?

What are the demographics of Roanoke Rapids, NC 27870?

How long does it take homes to sell in Roanoke Rapids, NC 27870?

What is the average rent price in Roanoke Rapids, NC 27870?