Millers Creek, NC—28651
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millers Creek, NC
As of Oct '25, the median home price in Millers Creek, NC is $221,000, with a year-over-year change of 0.3%. This indicates that home prices in Millers Creek, NC are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 0.3% |
| Single Family | $221,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 1.1% |
3 Bed | $266,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millers Creek, NC
As of July '25, Rentcast reports the average rent in Millers Creek, NC is $1,200, with a year-over-year rent change of 10.1%. Per bedroom, the median rent as of July '25 in Millers Creek, NC is 2-bedrooms: $1,200. The most common rental property sizes in Millers Creek, NC are 2-bedroom and 3-bedroom, accounting for 56.4% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millers Creek, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Millers Creek, NC is 83. This is a increase of 20.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | -17.0% |
Listing Count | 19 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 83 | 20.0% |
Demographics — Millers Creek, NC
As of the latest ACS Survey released in 2023, Millers Creek, NC has a population of 4,630, which has decreased by -37.6% over the past 5 years. Millers Creek, NC is a moderately popular place for families, as children make up 15.5% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,630 | -37.6% |
% Under 18 | 15.5% | -23.3% |
% Seniors | 31.8% | 55.9% |
% WFH | 7.5% | 33.9% |
% w/ College Degree | 17.0% | 38.2% |
As of the latest ACS Survey released in 2023, Millers Creek, NC is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Millers Creek, NC is hispanic, making up 4.6% of the population. Foreign-born residents account for 3.2% of the population in Millers Creek, NC, and this percentage has increased by 300.0% 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 | 91.8% | -5.3% |
% Black | 0.7% | 250.0% |
% Hispanic | 4.6% | 91.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.2% | 300.0% |
Mortgage and Risk — Millers Creek, NC
According to HUD data as of 2023, there were 66 mortgage originations in Millers Creek, NC, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Millers Creek, NC. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Millers Creek, NC
Millers Creek, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | -$270 | $1,200 | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Millers Creek, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $221,000 |
| Median Household Income | $57,200 |