Iron Station, NC—28080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Iron Station, NC
As of Oct '25, the median home price in Iron Station, NC is $421,000, with a year-over-year change of 2.8%. This indicates that home prices in Iron Station, NC are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | 2.8% |
| Single Family | $422,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 1.3% |
3 Bed | $370,000 | 3.1% |
4 Bed | $570,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Iron Station, NC
As of July '25, Rentcast reports the average rent in Iron Station, NC is $2,540, with a year-over-year rent change of 25.7%. Per bedroom, the median rent as of July '25 in Iron Station, NC is 2-bedrooms: $1,500, 3-bedrooms: $2,260, 4-bedrooms: $2,700. The most common rental property sizes in Iron Station, NC are 3-bedroom and 2-bedroom, accounting for 72.3% and 14.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $2,380 | $2,260 |
| 4 Bed Rent | $2,400 | $2,700 |
% of Rental Stock
Property Listings — Iron Station, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Iron Station, NC is 79. This is a increase of 7.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $501,000 | 23.0% |
Listing Count | 50 | 105.0% |
| Listings as % of Homes | 1.3% | 105.0% |
Days on Market | 79 | 7.0% |
Demographics — Iron Station, NC
As of the latest ACS Survey released in 2023, Iron Station, NC has a population of 8,080, which has increased by 1.7% over the past 5 years. Iron Station, NC is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,080 | 1.7% |
% Under 18 | 24.2% | 3.0% |
% Seniors | 13.7% | -9.9% |
% WFH | 12.4% | 275.8% |
% w/ College Degree | 22.9% | 56.8% |
As of the latest ACS Survey released in 2023, Iron Station, NC is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Iron Station, NC is hispanic, making up 10.4% of the population. Foreign-born residents account for 5.8% of the population in Iron Station, NC, and this percentage has increased by 132.0% 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 | 77.3% | -14.6% |
% Black | 7.6% | 153.3% |
% Hispanic | 10.4% | 258.6% |
% Asian | 1.8% | 350.0% |
% Foreign Born | 5.8% | 132.0% |
Mortgage and Risk — Iron Station, NC
According to HUD data as of 2023, there were 231 mortgage originations in Iron Station, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Iron Station, 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 | 231 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Iron Station, NC
Iron Station, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | -$80 | $1,500 | $1,420 |
| 3 Bedroom | -$410 | $2,380 | $1,970 |
| 4 Bedroom | -$300 | $2,400 | $2,100 |
Affordability — Iron Station, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $421,000 |
| Median Household Income | $76,100 |