Gastonia, NC—28056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gastonia, NC
As of Oct '25, the median home price in Gastonia, NC is $347,000, with a year-over-year change of 1.1%. This indicates that home prices in Gastonia, NC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 1.1% |
| Single Family | $348,000 | 1.2% |
| Condos | $215,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $125,000 | -8.8% |
2 Bed | $207,000 | 0.5% |
3 Bed | $315,000 | 1.3% |
4 Bed | $449,000 | 0.9% |
| 5 Bed | $535,000 | 0.8% |
% of Housing Stock
Rental Trends — Gastonia, NC
As of July '25, Rentcast reports the average rent in Gastonia, NC is $2,050, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Gastonia, NC is 1-bedrooms: $1,120, 2-bedrooms: $1,390, 3-bedrooms: $1,920, 4-bedrooms: $2,430. The most common rental property sizes in Gastonia, NC are 3-bedroom and 2-bedroom, accounting for 45.4% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,320 | $1,390 |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | $2,600 | $2,430 |
% of Rental Stock
Property Listings — Gastonia, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gastonia, NC is 75. This is a increase of 39.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | -4.0% |
Listing Count | 229 | 25.0% |
| Listings as % of Homes | 0.7% | 25.0% |
Days on Market | 75 | 39.0% |
Demographics — Gastonia, NC
As of the latest ACS Survey released in 2023, Gastonia, NC has a population of 36,000, which has increased by 4.5% over the past 5 years. Gastonia, NC is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | 4.5% |
% Under 18 | 23.3% | 2.6% |
% Seniors | 16.1% | 4.5% |
% WFH | 12.0% | 150.0% |
% w/ College Degree | 33.0% | 10.4% |
As of the latest ACS Survey released in 2023, Gastonia, NC is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Gastonia, NC is black, making up 14.1% of the population. Foreign-born residents account for 7.2% of the population in Gastonia, 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 | 69.2% | -12.1% |
% Black | 14.1% | 54.9% |
% Hispanic | 10.3% | 58.5% |
% Asian | 3.2% | 14.3% |
% Foreign Born | 7.2% | -10.0% |
Mortgage and Risk — Gastonia, NC
According to HUD data as of 2023, there were 984 mortgage originations in Gastonia, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Gastonia, NC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 984 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Gastonia, NC
As of 2024, the percent of homes in Gastonia, NC under the Section 8 program is 1.9%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Gastonia, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 83 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,100 | $1,260 |
| 2 Bedroom | $80 | $1,320 | $1,400 |
| 3 Bedroom | -$170 | $1,900 | $1,730 |
| 4 Bedroom | -$410 | $2,600 | $2,190 |
Affordability — Gastonia, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $347,000 |
| Median Household Income | $90,400 |