Denver, NC—28037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Denver, NC
As of Oct '25, the median home price in Denver, NC is $551,000, with a year-over-year change of 2.0%. This indicates that home prices in Denver, NC are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $551,000 | 2.0% |
| Single Family | $561,000 | 1.8% |
| Condos | $348,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $461,000 | 2.4% |
3 Bed | $452,000 | 1.6% |
4 Bed | $685,000 | 2.7% |
| 5 Bed | $764,000 | 2.3% |
% of Housing Stock
Rental Trends — Denver, NC
As of July '25, Rentcast reports the average rent in Denver, NC is $2,430, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Denver, NC is 1-bedrooms: $1,390, 2-bedrooms: $1,930, 3-bedrooms: $2,390, 4-bedrooms: $2,830. The most common rental property sizes in Denver, NC are 2-bedroom and 3-bedroom, accounting for 53.5% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,390 |
| 2 Bed Rent | $1,500 | $1,930 |
| 3 Bed Rent | $2,350 | $2,390 |
| 4 Bed Rent | $2,700 | $2,830 |
% of Rental Stock
Property Listings — Denver, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Denver, NC is 84. This is a increase of 44.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $633,000 | -3.0% |
Listing Count | 288 | 31.0% |
| Listings as % of Homes | 1.2% | 31.0% |
Days on Market | 84 | 44.0% |
Demographics — Denver, NC
As of the latest ACS Survey released in 2023, Denver, NC has a population of 27,100, which has increased by 34.9% over the past 5 years. Denver, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,100 | 34.9% |
% Under 18 | 20.5% | -4.7% |
% Seniors | 20.2% | 25.5% |
% WFH | 20.3% | 123.1% |
% w/ College Degree | 45.7% | 19.9% |
As of the latest ACS Survey released in 2023, Denver, NC is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Denver, NC is hispanic, making up 4.4% of the population. Foreign-born residents account for 3.5% of the population in Denver, NC, and this percentage has decreased by 10.3% 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 | 89.7% | -3.2% |
% Black | 1.9% | 18.8% |
% Hispanic | 4.4% | 41.9% |
% Asian | 0.8% | -42.9% |
% Foreign Born | 3.5% | -10.3% |
Mortgage and Risk — Denver, NC
According to HUD data as of 2023, there were 1196 mortgage originations in Denver, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Denver, NC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,196 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Denver, NC
As of 2024, the percent of homes in Denver, NC under the Section 8 program is 0.7%. 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. In Denver, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,310 | $1,170 |
| 2 Bedroom | -$190 | $1,500 | $1,310 |
| 3 Bedroom | -$550 | $2,350 | $1,800 |
| 4 Bedroom | -$760 | $2,700 | $1,940 |
Affordability — Denver, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $551,000 |
| Median Household Income | $110,000 |