La Grange, NC—28551
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Grange, NC
As of Oct '25, the median home price in La Grange, NC is $169,000, with a year-over-year change of -4.9%. This indicates that home prices in La Grange, NC are decreasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | -4.9% |
| Single Family | $168,000 | -4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $104,000 | -2.8% |
3 Bed | $208,000 | 0.0% |
4 Bed | $319,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Grange, NC
As of July '25, Rentcast reports the average rent in La Grange, NC is $1,370, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in La Grange, NC is studios: $267, 2-bedrooms: $1,330, 3-bedrooms: $1,600, 4-bedrooms: $2,300. The most common rental property sizes in La Grange, NC are 2-bedroom and 3-bedroom, accounting for 50.5% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,370 |
| Studio Rent | $250 | $267 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,330 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $2,100 | $2,300 |
% of Rental Stock
Property Listings — La Grange, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in La Grange, NC is 93. This is a increase of 39.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 16.0% |
Listing Count | 97 | 238.0% |
| Listings as % of Homes | 0.8% | 238.0% |
Days on Market | 93 | 39.0% |
Demographics — La Grange, NC
As of the latest ACS Survey released in 2023, La Grange, NC has a population of 13,300, which has decreased by -12.2% over the past 5 years. La Grange, NC is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -12.2% |
% Under 18 | 22.4% | -5.1% |
% Seniors | 16.4% | -12.8% |
% WFH | 4.8% | 118.2% |
% w/ College Degree | 18.4% | 16.5% |
As of the latest ACS Survey released in 2023, La Grange, NC is a predominantly white area, with 55.9% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in La Grange, NC is black, making up 21.5% of the population. Foreign-born residents account for 4.8% of the population in La Grange, NC, and this percentage has decreased by 4.0% 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 | 55.9% | 2.4% |
% Black | 21.5% | -34.8% |
% Hispanic | 16.0% | 83.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.8% | -4.0% |
Mortgage and Risk — La Grange, NC
According to HUD data as of 2023, there were 217 mortgage originations in La Grange, NC, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in La Grange, NC. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — La Grange, NC
La Grange, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 137 |
Total Units Section 8 | 137 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | -$260 | $1,250 | $990 |
| 3 Bedroom | -$360 | $1,600 | $1,240 |
| 4 Bedroom | -$450 | $2,100 | $1,650 |
Affordability — La Grange, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $169,000 |
| Median Household Income | $52,400 |