Saluda, NC—28773
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saluda, NC
Saluda, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 0.2% |
| Single Family | $368,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $374,000 | -0.3% |
3 Bed | $468,000 | 0.4% |
4 Bed | $666,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saluda, NC
As of July '25, Rentcast reports the average rent in Saluda, NC is $2,200, with a year-over-year rent change of -31.7%. Per bedroom, the median rent as of July '25 in Saluda, NC is 2-bedrooms: $2,300, 3-bedrooms: $2,150. The most common rental property sizes in Saluda, NC are 3-bedroom and 2-bedroom, accounting for 58.6% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | $2,000 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saluda, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Saluda, NC is 92. This is a decrease of -4.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -6.0% |
Listing Count | 59 | 92.0% |
| Listings as % of Homes | 0.9% | 92.0% |
Days on Market | 92 | -4.0% |
Demographics — Saluda, NC
As of the latest ACS Survey released in 2023, Saluda, NC has a population of 3,200, which has increased by 4.6% over the past 5 years. Saluda, NC is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,200 | 4.6% |
% Under 18 | 19.0% | 11.1% |
% Seniors | 30.9% | 14.0% |
% WFH | 11.3% | 117.3% |
% w/ College Degree | 37.2% | 15.9% |
As of the latest ACS Survey released in 2023, Saluda, NC is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Saluda, NC is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.8% of the population in Saluda, NC, and this percentage has decreased by 10.0% 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 | 96.8% | 1.5% |
% Black | 0.4% | -71.4% |
% Hispanic | 0.6% | -70.0% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 1.8% | -10.0% |
Mortgage and Risk — Saluda, NC
According to HUD data as of 2023, there were 46 mortgage originations in Saluda, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Saluda, NC. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 4.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Saluda, NC
Saluda, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,360 |
| 2 Bedroom | -$770 | $2,300 | $1,530 |
| 3 Bedroom | -$40 | $2,000 | $1,960 |
| 4 Bedroom | N/A | N/A | $2,590 |
Affordability — Saluda, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $369,000 |
| Median Household Income | $80,600 |