Cove City, NC—28523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cove City, NC
As of Oct '25, the median home price in Cove City, NC is $187,000, with a year-over-year change of -0.7%. This indicates that home prices in Cove City, NC are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | -0.7% |
| Single Family | $187,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | -3.6% |
3 Bed | $203,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cove City, NC
Cove City, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cove City, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Cove City, NC is 46. This is a decrease of -48.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | -29.0% |
Listing Count | 7 | 180.0% |
| Listings as % of Homes | 0.2% | 180.0% |
Days on Market | 46 | -48.0% |
Demographics — Cove City, NC
As of the latest ACS Survey released in 2023, Cove City, NC has a population of 2,710, which has increased by 14.6% over the past 5 years. Cove City, NC is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,710 | 14.6% |
% Under 18 | 21.8% | 34.6% |
% Seniors | 23.7% | -1.3% |
% WFH | 2.5% | 92.3% |
% w/ College Degree | 19.7% | 11.3% |
As of the latest ACS Survey released in 2023, Cove City, NC is a predominantly white area, with 73.8% of the population identifying as white. The white population has grown by 5.7% in the last 5 years. The second most common race or ethnicity in Cove City, NC is black, making up 17.7% of the population. Foreign-born residents account for 0.0% of the population in Cove City, NC, and this percentage has decreased by 100.0% 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 | 73.8% | 5.7% |
% Black | 17.7% | -32.2% |
% Hispanic | 1.7% | -58.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Cove City, NC
Cove City, NC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Cove City, NC
Cove City, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,880 |
Affordability — Cove City, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $187,000 |
| Median Household Income | $45,300 |