Person County, North Carolina Housing Market
In Person County, North Carolina, the median home value is $213,900, with a median monthly rent of $864. This places Person County at #1260 nationally out of 3134 counties by median home value, and #55 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: $970
- Establishments: 747
- BLS QCEW, 2025
Housing Supply
- Single-family: 145
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,578 (avg $62,286)
- Outflow: 14,836 (avg $62,379)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Person County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 27573 | 200.8 | -2.39% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Person County Compares
| Metric | Person County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $213,900 | $235,312 | $227,706 |
| Median Gross Rent | $864 | $976 | $968 |
| Owner Occupancy Rate | 77.3% | 71.8% | 73.3% |
| Price/Rent Ratio | 20.6 | 19.8 | 18.7 |
Market Analysis
The median home value in Person County is 9.1% below the North Carolina state average and 6.1% below the U.S. national average. The median rent of $864/month is 11.5% below the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Person County has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Lander County | Nevada | $213,800 | $902 |
| Washington County | Virginia | $214,000 | $854 |
| Penobscot County | Maine | $214,100 | $1,041 |
| Monroe County | New York | $213,700 | $1,173 |
| Lake County | Ohio | $214,100 | $1,113 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Alleghany County | $214,800 | $675 | 74.4% |
| Alexander County | $211,800 | $764 | 80.7% |
| Pamlico County | $216,800 | $752 | 82.9% |
| Pitt County | $208,900 | $993 | 51.4% |
| Davidson County | $219,100 | $901 | 74.4% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).