Statesville, NC—28677
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Statesville, NC
Home Price Trends — Statesville, NC
As of Oct '25, the median home price in Statesville, NC is $272,000, with a year-over-year change of 1.1%. This indicates that home prices in Statesville, NC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 1.1% |
| Single Family | $273,000 | 1.1% |
| Condos | $204,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | -0.6% |
3 Bed | $272,000 | 1.1% |
4 Bed | $364,000 | 1.1% |
| 5 Bed | $425,000 | 1.0% |
% of Housing Stock
Rental Trends — Statesville, NC
As of July '25, Rentcast reports the average rent in Statesville, NC is $1,520, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Statesville, NC is studios: $941, 1-bedrooms: $982, 2-bedrooms: $1,220, 3-bedrooms: $1,660, 4-bedrooms: $1,970. The most common rental property sizes in Statesville, NC are 2-bedroom and 3-bedroom, accounting for 55.1% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,520 |
| Studio Rent | $1,100 | $941 |
| 1 Bed Rent | $800 | $982 |
| 2 Bed Rent | $1,220 | $1,220 |
| 3 Bed Rent | $1,600 | $1,660 |
| 4 Bed Rent | $2,000 | $1,970 |
% of Rental Stock
Property Listings — Statesville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Statesville, NC is 80. This is a increase of 7.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 3.0% |
Listing Count | 248 | 5.0% |
| Listings as % of Homes | 1.2% | 5.0% |
Days on Market | 80 | 7.0% |
Demographics — Statesville, NC
As of the latest ACS Survey released in 2023, Statesville, NC has a population of 37,600, which has increased by 8.9% over the past 5 years. Statesville, NC is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 8.9% |
% Under 18 | 22.8% | 0.4% |
% Seniors | 16.6% | 5.7% |
% WFH | 8.5% | 150.0% |
% w/ College Degree | 22.3% | 19.9% |
As of the latest ACS Survey released in 2023, Statesville, NC is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Statesville, NC is black, making up 22.1% of the population. Foreign-born residents account for 9.3% of the population in Statesville, NC, and this percentage has increased by 40.9% 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 | 60.2% | -1.8% |
% Black | 22.1% | -14.7% |
% Hispanic | 13.9% | 25.2% |
% Asian | 0.3% | -62.5% |
% Foreign Born | 9.3% | 40.9% |
Mortgage and Risk — Statesville, NC
According to HUD data as of 2023, there were 1010 mortgage originations in Statesville, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Statesville, 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 | 1,010 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Statesville, NC
As of 2024, the percent of homes in Statesville, NC under the Section 8 program is 10.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Statesville, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 941 |
Total Units Section 8 | 492 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 97.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $800 | $1,030 |
| 2 Bedroom | -$80 | $1,220 | $1,140 |
| 3 Bedroom | -$30 | $1,600 | $1,570 |
| 4 Bedroom | -$90 | $2,000 | $1,910 |
Affordability — Statesville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $272,000 |
| Median Household Income | $59,100 |