Parkton, NC—28371
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkton, NC
As of Oct '25, the median home price in Parkton, NC is $248,000, with a year-over-year change of 1.5%. This indicates that home prices in Parkton, NC are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 1.5% |
| Single Family | $248,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $240,000 | 2.1% |
4 Bed | $310,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parkton, NC
As of July '25, Rentcast reports the average rent in Parkton, NC is $1,940, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Parkton, NC is 3-bedrooms: $1,690, 4-bedrooms: $1,930. The most common rental property sizes in Parkton, NC are 3-bedroom and 2-bedroom, accounting for 47.4% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,650 | $1,690 |
| 4 Bed Rent | $1,900 | $1,930 |
% of Rental Stock
Property Listings — Parkton, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkton, NC is 60. This is a increase of 74.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | -2.0% |
Listing Count | 41 | 28.0% |
| Listings as % of Homes | 0.9% | 28.0% |
Days on Market | 60 | 74.0% |
Demographics — Parkton, NC
As of the latest ACS Survey released in 2023, Parkton, NC has a population of 6,460, which has decreased by -10.9% over the past 5 years. Parkton, NC is a moderately popular place for families, as children make up 25.0% 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 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,460 | -10.9% |
% Under 18 | 25.0% | -0.8% |
% Seniors | 13.6% | 19.3% |
% WFH | 6.7% | 86.1% |
% w/ College Degree | 19.2% | 34.3% |
As of the latest ACS Survey released in 2023, Parkton, NC is a predominantly white area, with 42.1% 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 Parkton, NC is black, making up 34.1% of the population. Foreign-born residents account for 6.2% of the population in Parkton, NC, and this percentage has increased by 138.5% 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 | 42.1% | -14.6% |
% Black | 34.1% | 24.9% |
% Hispanic | 13.8% | 146.4% |
% Asian | 1.4% | 180.0% |
% Foreign Born | 6.2% | 138.5% |
Mortgage and Risk — Parkton, NC
According to HUD data as of 2023, there were 125 mortgage originations in Parkton, NC, of which 28.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 72.0% above 90% LTV (very high). This implies large mortgage risk in Parkton, NC. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 28.0% |
% Government Loans | 72.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Parkton, NC
Parkton, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | -$60 | $1,650 | $1,590 |
| 4 Bedroom | $80 | $1,900 | $1,980 |
Affordability — Parkton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $248,000 |
| Median Household Income | $53,800 |