Pender County, North Carolina Housing Market
In Pender County, North Carolina, the median home value is $299,000, with a median monthly rent of $1,106. This places Pender County at #629 nationally out of 3134 counties by median home value, and #23 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $916
- Establishments: 1,972
- BLS QCEW, 2025
Housing Supply
- Single-family: 716
- Multi-family: 117
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 25,569 (avg $84,632)
- Outflow: 22,499 (avg $81,366)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Pender County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28425 | 266.7 | -2.23% | 2025 |
| 2 | 28443 | 267.1 | +0.18% | 2025 |
| 3 | 28457 | 241.9 | -2.45% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Pender County Compares
| Metric | Pender County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $299,000 | $235,312 | $227,706 |
| Median Gross Rent | $1,106 | $976 | $968 |
| Owner Occupancy Rate | 82.7% | 71.8% | 73.3% |
| Price/Rent Ratio | 22.5 | 19.8 | 18.7 |
Market Analysis
The median home value in Pender County is 27.1% above the North Carolina state average and 31.3% above the U.S. national average. The median rent of $1,106/month is 13.3% above the state average.
With a price-to-rent ratio of 22.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Pender County has an owner-occupancy rate of 82.7%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Greenville County | South Carolina | $299,000 | $1,262 |
| Sevier County | Tennessee | $299,000 | $1,072 |
| Clarke County | Georgia | $298,900 | $1,219 |
| Harrisonburg city | Virginia | $299,100 | $1,184 |
| Madison County | Alabama | $299,200 | $1,209 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Johnston County | $305,600 | $1,146 | 76.1% |
| Jackson County | $284,700 | $904 | 60.8% |
| Madison County | $284,600 | $780 | 77.5% |
| Franklin County | $284,300 | $1,083 | 78.6% |
| Polk County | $315,000 | $1,178 | 76.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).