Castle Hayne, NC—28429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Castle Hayne, NC
As of Oct '25, the median home price in Castle Hayne, NC is $360,000, with a year-over-year change of -2.3%. This indicates that home prices in Castle Hayne, NC are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -2.3% |
| Single Family | $360,000 | -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 | $263,000 | -3.0% |
3 Bed | $343,000 | -2.6% |
4 Bed | $426,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Castle Hayne, NC
As of July '25, Rentcast reports the average rent in Castle Hayne, NC is $2,060, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Castle Hayne, NC is studios: $1,400, 1-bedrooms: $1,420, 2-bedrooms: $1,570, 3-bedrooms: $2,160, 4-bedrooms: $2,730. The most common rental property sizes in Castle Hayne, NC are 3-bedroom and 2-bedroom, accounting for 47.0% and 44.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,060 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,350 | $1,420 |
| 2 Bed Rent | $1,600 | $1,570 |
| 3 Bed Rent | $2,180 | $2,160 |
| 4 Bed Rent | $2,700 | $2,730 |
% of Rental Stock
Property Listings — Castle Hayne, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Castle Hayne, NC is 63. This is a increase of 4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $455,000 | -23.0% |
Listing Count | 79 | -7.0% |
| Listings as % of Homes | 1.5% | -7.0% |
Days on Market | 63 | 4.0% |
Demographics — Castle Hayne, NC
As of the latest ACS Survey released in 2023, Castle Hayne, NC has a population of 9,080, which has increased by 20.7% over the past 5 years. Castle Hayne, NC is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,080 | 20.7% |
% Under 18 | 20.1% | 24.1% |
% Seniors | 21.6% | 35.0% |
% WFH | 8.2% | 105.0% |
% w/ College Degree | 25.2% | 55.6% |
As of the latest ACS Survey released in 2023, Castle Hayne, NC is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Castle Hayne, NC is black, making up 14.4% of the population. Foreign-born residents account for 3.0% of the population in Castle Hayne, NC, and this percentage has increased by 3.4% 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 | 71.0% | -0.4% |
% Black | 14.4% | -38.7% |
% Hispanic | 8.0% | 220.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 3.0% | 3.4% |
Mortgage and Risk — Castle Hayne, NC
According to HUD data as of 2023, there were 406 mortgage originations in Castle Hayne, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Castle Hayne, NC. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Castle Hayne, NC
As of 2024, the percent of homes in Castle Hayne, NC under the Section 8 program is 12.6%. 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. In Castle Hayne, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 60.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,350 | $1,220 |
| 2 Bedroom | -$230 | $1,600 | $1,370 |
| 3 Bedroom | -$370 | $2,180 | $1,810 |
| 4 Bedroom | -$390 | $2,700 | $2,310 |
Affordability — Castle Hayne, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $360,000 |
| Median Household Income | $73,300 |