Burgaw, NC—28425
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burgaw, NC
As of Oct '25, the median home price in Burgaw, NC is $272,000, with a year-over-year change of -1.6%. This indicates that home prices in Burgaw, NC are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | -1.6% |
| Single Family | $272,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $194,000 | -4.0% |
3 Bed | $288,000 | -1.4% |
4 Bed | $370,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burgaw, NC
As of July '25, Rentcast reports the average rent in Burgaw, NC is $1,290, with a year-over-year rent change of -15.1%. Per bedroom, the median rent as of July '25 in Burgaw, NC is 1-bedrooms: $1,200, 2-bedrooms: $1,240, 3-bedrooms: $1,600. The most common rental property sizes in Burgaw, NC are 2-bedroom and 3-bedroom, accounting for 50.0% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,100 | $1,240 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burgaw, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Burgaw, NC is 73. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter 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 | $388,000 | 8.0% |
Listing Count | 67 | 98.0% |
| Listings as % of Homes | 0.6% | 98.0% |
Days on Market | 73 | -3.0% |
Demographics — Burgaw, NC
As of the latest ACS Survey released in 2023, Burgaw, NC has a population of 10,800, which has decreased by -7.0% over the past 5 years. Burgaw, NC is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | -7.0% |
% Under 18 | 18.9% | -10.8% |
% Seniors | 21.1% | 13.4% |
% WFH | 7.0% | 62.8% |
% w/ College Degree | 23.2% | 41.5% |
As of the latest ACS Survey released in 2023, Burgaw, NC is a predominantly white area, with 65.3% of the population identifying as white. The white population has grown by 20.3% in the last 5 years. The second most common race or ethnicity in Burgaw, NC is black, making up 21.2% of the population. Foreign-born residents account for 3.5% of the population in Burgaw, NC, and this percentage has decreased by 35.2% 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 | 65.3% | 20.3% |
% Black | 21.2% | -33.5% |
% Hispanic | 7.8% | -11.4% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 3.5% | -35.2% |
Mortgage and Risk — Burgaw, NC
According to HUD data as of 2023, there were 183 mortgage originations in Burgaw, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Burgaw, 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 | 183 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Burgaw, NC
Burgaw, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 217 |
Total Units Section 8 | 217 |
% Rentals under Section 8 | 25.2% |
% Occupied Section 8 | 71.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,200 | $890 |
| 2 Bedroom | -$100 | $1,100 | $1,000 |
| 3 Bedroom | -$190 | $1,600 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Burgaw, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $272,000 |
| Median Household Income | $65,200 |