Hobbsville, NC 27979 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hobbsville, NC—27979

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$214,000

14.2% YoY Growth

Household Income

$54,300

9.0% YoY Growth

Days on Market

55.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,700

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,700

N/A

Other Zip Codes in Hobbsville, NC

27946

Home Price Trends — Hobbsville, NC

As of Nov '25, the median home price in Hobbsville, NC is $214,000, with a year-over-year change of 14.2%. This indicates that home prices in Hobbsville, NC are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$214,000	14.2%
Single Family	$214,000	14.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hobbsville, NC

Hobbsville, NC lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,700
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,700	$1,700
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

100.0%

Property Listings — Hobbsville, NC

As of Nov '25, Realtor.com reports that the median days on market for a home in Hobbsville, NC is 69. This is a increase of 55.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$266,000	-29.0%
Listing Count	5	-42.0%
Listings as % of Homes	0.2%	-42.0%
Days on Market	69	55.0%

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Demographics — Hobbsville, NC

As of the latest ACS Survey released in 2023, Hobbsville, NC has a population of 1,060, which has decreased by -31.5% over the past 5 years. Hobbsville, NC is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,060	-31.5%
% Under 18	27.4%	79.1%
% Seniors	27.4%	11.4%
% WFH	8.3%	∞%
% w/ College Degree	14.5%	0.0%

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As of the latest ACS Survey released in 2023, Hobbsville, NC is a predominantly white area, with 82.0% of the population identifying as white. The white population has grown by 32.9% in the last 5 years. The second most common race or ethnicity in Hobbsville, NC is black, making up 11.0% of the population. Foreign-born residents account for 4.6% of the population in Hobbsville, NC, and this percentage has increased by 283.3% 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	82.0%	32.9%
% Black	11.0%	-70.4%
% Hispanic	0.8%	∞%
% Asian	0.0%	N/A
% Foreign Born	4.6%	283.3%

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Mortgage and Risk — Hobbsville, NC

According to HUD data as of 2023, there were 52 mortgage originations in Hobbsville, NC, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Hobbsville, NC. Investor activity is low, as 0.0% 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	52
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Hobbsville, NC

Hobbsville, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	3.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,050
2 Bedroom	N/A	N/A	$1,230
3 Bedroom	-$40	$1,700	$1,660
4 Bedroom	N/A	N/A	$2,020

Hobbsville, NC—27979

Key Metrics at a Glance

Other Zip Codes in Hobbsville, NC

Home Price Trends — Hobbsville, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hobbsville, NC

% of Rental Stock

Property Listings — Hobbsville, NC

Demographics — Hobbsville, NC

Race and Ethnicity

Mortgage and Risk — Hobbsville, NC

Mortgages

Rentals and Section 8 — Hobbsville, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Hobbsville, NC

Home Price to Income Ratio

Hobbsville, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Corapeake, NC

Hobbsville, NC

Belvidere, NC

Gatesville, NC

Suffolk, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$214,000
Median Household Income	$54,300

Hobbsville, NC—27979

Key Metrics at a Glance

Other Zip Codes in Hobbsville, NC

Home Price Trends — Hobbsville, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hobbsville, NC

% of Rental Stock

Property Listings — Hobbsville, NC

Demographics — Hobbsville, NC

Race and Ethnicity

Mortgage and Risk — Hobbsville, NC

Mortgages

Rentals and Section 8 — Hobbsville, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Hobbsville, NC

Home Price to Income Ratio

Hobbsville, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Corapeake, NC

Hobbsville, NC

Belvidere, NC

Gatesville, NC

Suffolk, VA

Frequently Asked Questions

What is the average home price in Hobbsville, NC 27979?

How have home prices in Hobbsville, NC 27979 changed over the past year?

What is the home price projection for Hobbsville, NC 27979?

What are the demographics of Hobbsville, NC 27979?

How long does it take homes to sell in Hobbsville, NC 27979?

What is the average rent price in Hobbsville, NC 27979?