Salisbury, NC—28147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salisbury, NC
As of Oct '25, the median home price in Salisbury, NC is $289,000, with a year-over-year change of 1.6%. This indicates that home prices in Salisbury, 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 | $289,000 | 1.6% |
| Single Family | $292,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 1.9% |
3 Bed | $310,000 | 2.3% |
4 Bed | $397,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salisbury, NC
As of July '25, Rentcast reports the average rent in Salisbury, NC is $1,670, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Salisbury, NC is studios: $820, 1-bedrooms: $1,150, 2-bedrooms: $1,110, 3-bedrooms: $1,700, 4-bedrooms: $1,930. The most common rental property sizes in Salisbury, NC are 2-bedroom and 3-bedroom, accounting for 48.7% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,670 |
| Studio Rent | $820 | $820 |
| 1 Bed Rent | $1,170 | $1,150 |
| 2 Bed Rent | $995 | $1,110 |
| 3 Bed Rent | $1,600 | $1,700 |
| 4 Bed Rent | $1,900 | $1,930 |
% of Rental Stock
Property Listings — Salisbury, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Salisbury, NC is 66. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | -7.0% |
Listing Count | 125 | 78.0% |
| Listings as % of Homes | 0.7% | 78.0% |
Days on Market | 66 | -1.0% |
Demographics — Salisbury, NC
As of the latest ACS Survey released in 2023, Salisbury, NC has a population of 25,200, which has increased by 1.3% over the past 5 years. Salisbury, NC is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,200 | 1.3% |
% Under 18 | 21.6% | -9.6% |
% Seniors | 16.5% | 10.0% |
% WFH | 5.8% | 100.0% |
% w/ College Degree | 19.2% | 6.1% |
As of the latest ACS Survey released in 2023, Salisbury, NC is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Salisbury, NC is black, making up 20.5% of the population. Foreign-born residents account for 9.8% of the population in Salisbury, NC, and this percentage has increased by 16.7% 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 | 56.3% | -13.7% |
% Black | 20.5% | 32.3% |
% Hispanic | 16.5% | -1.2% |
% Asian | 1.7% | 30.8% |
% Foreign Born | 9.8% | 16.7% |
Mortgage and Risk — Salisbury, NC
According to HUD data as of 2023, there were 378 mortgage originations in Salisbury, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Salisbury, NC. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 378 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Salisbury, NC
As of 2024, the percent of homes in Salisbury, NC under the Section 8 program is 8.6%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Salisbury, NC, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 323 |
Total Units Section 8 | 305 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,170 | $1,070 |
| 2 Bedroom | $315 | $995 | $1,310 |
| 3 Bedroom | $120 | $1,600 | $1,720 |
| 4 Bedroom | $300 | $1,900 | $2,200 |
Affordability — Salisbury, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $289,000 |
| Median Household Income | $59,800 |