Colington, NC—27948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colington, NC
As of Oct '25, the median home price in Colington, NC is $514,000, with a year-over-year change of -0.4%. This indicates that home prices in Colington, NC are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $514,000 | -0.4% |
| Single Family | $521,000 | -0.2% |
| Condos | $457,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $313,000 | -3.4% |
2 Bed | $388,000 | -1.5% |
3 Bed | $497,000 | -0.4% |
4 Bed | $636,000 | -0.3% |
| 5 Bed | $1,069,000 | -1.2% |
% of Housing Stock
Rental Trends — Colington, NC
As of July '25, Rentcast reports the average rent in Colington, NC is $3,190, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Colington, NC is 1-bedrooms: $1,400, 2-bedrooms: $2,500, 3-bedrooms: $3,410. The most common rental property sizes in Colington, NC are 3-bedroom and 2-bedroom, accounting for 46.3% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $2,600 | $2,500 |
| 3 Bed Rent | $3,380 | $3,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Colington, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Colington, NC is 73. This is a increase of 13.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $608,000 | -5.0% |
Listing Count | 171 | -4.0% |
| Listings as % of Homes | 1.4% | -4.0% |
Days on Market | 73 | 13.0% |
Demographics — Colington, NC
As of the latest ACS Survey released in 2023, Colington, NC has a population of 12,600, which has increased by 13.6% over the past 5 years. Colington, NC is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | 13.6% |
% Under 18 | 16.4% | -14.6% |
% Seniors | 17.8% | 14.8% |
% WFH | 11.7% | 80.0% |
% w/ College Degree | 43.3% | 61.0% |
As of the latest ACS Survey released in 2023, Colington, NC is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Colington, NC is hispanic, making up 9.1% of the population. Foreign-born residents account for 5.4% of the population in Colington, NC, and this percentage has decreased by 10.0% 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 | 86.3% | -3.0% |
% Black | 0.7% | -56.2% |
% Hispanic | 9.1% | 19.7% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 5.4% | -10.0% |
Mortgage and Risk — Colington, NC
According to HUD data as of 2023, there were 400 mortgage originations in Colington, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Colington, NC. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 400 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 28.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Colington, NC
Colington, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,400 | $1,350 |
| 2 Bedroom | -$1,100 | $2,600 | $1,500 |
| 3 Bedroom | -$1,390 | $3,380 | $1,990 |
| 4 Bedroom | N/A | N/A | $2,040 |
Affordability — Colington, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $514,000 |
| Median Household Income | $85,300 |