West Jefferson, NC—28694
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Jefferson, NC
West Jefferson, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 0.6% |
| Single Family | $342,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | 3.0% |
3 Bed | $408,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Jefferson, NC
As of July '25, Rentcast reports the average rent in West Jefferson, NC is $1,670, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in West Jefferson, NC is 1-bedrooms: $1,100, 2-bedrooms: $1,610, 3-bedrooms: $1,910. The most common rental property sizes in West Jefferson, NC are 2-bedroom and 3-bedroom, accounting for 49.3% and 18.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $1,800 | $1,910 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Jefferson, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in West Jefferson, NC is 58. This is a decrease of -15.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 7.0% |
Listing Count | 66 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 58 | -15.0% |
Demographics — West Jefferson, NC
As of the latest ACS Survey released in 2023, West Jefferson, NC has a population of 7,370, which has decreased by -1.2% over the past 5 years. West Jefferson, NC is a moderately popular place for families, as children make up 16.6% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,370 | -1.2% |
% Under 18 | 16.6% | -4.6% |
% Seniors | 26.9% | -0.4% |
% WFH | 8.1% | 76.1% |
% w/ College Degree | 21.2% | 8.7% |
As of the latest ACS Survey released in 2023, West Jefferson, NC is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in West Jefferson, NC is hispanic, making up 11.8% of the population. Foreign-born residents account for 4.4% of the population in West Jefferson, NC, and this percentage has increased by 91.3% 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 | 84.1% | -11.2% |
% Black | 1.9% | 137.5% |
% Hispanic | 11.8% | 461.9% |
% Asian | 0.3% | -50.0% |
% Foreign Born | 4.4% | 91.3% |
Mortgage and Risk — West Jefferson, NC
According to HUD data as of 2023, there were 148 mortgage originations in West Jefferson, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in West Jefferson, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — West Jefferson, NC
West Jefferson, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 213 |
Total Units Section 8 | 183 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,100 | $720 |
| 2 Bedroom | -$670 | $1,600 | $930 |
| 3 Bedroom | -$570 | $1,800 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — West Jefferson, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $342,000 |
| Median Household Income | $48,100 |