Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bladen County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,250 | $265,624 | $242,182 |
| Price Trend (Annual %) | 9.6% | 9.9% | 8.2% |
| Median Gross Rent | $752 | $1,162 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 5.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bladen County is about 41% lower than in North Carolina. Rent is about 35% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bladen County, up about 9.6% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Bladen County rose about 19.7% between 2015 and 2023, from $629 to $752. Over the same span, rent in North Carolina rose about 45.9%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Bladen County.
Buying the median-priced home in Bladen County costs roughly 17.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bladen County. The price-to-rent ratio in North Carolina is about 19.1.
| Metric | Bladen County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,250 | $265,624 | $242,182 |
| Median Household Income | $44,520 | $69,937 | $78,145 |
| Price-to-Income Ratio | 3.5 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bladen County rose about 214.1%, while median household income rose about 44.4% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bladen County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.2% | 57.7% | 58.2% |
| Rental Rate | 23.0% | 29.2% | 31.3% |
| Vacancy Rate | 23.8% | 13.0% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Bladen County has a homeownership rate of 53.2%, lower than the North Carolina average of 57.7%. Its housing vacancy rate is 23.8%, compared with 13.0% in North Carolina.
Housing Stock
| Metric | Bladen County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.46 people | 2.54 people |
| Median Structure Built Year | 1986 | 1988 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Bladen County was built around 1986. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bladen County, North Carolina.
What is the median home price in Bladen County, North Carolina?
The median home price in Bladen County, North Carolina is $156,250, lower than the North Carolina average of $265,624.
What is the average home price in Bladen County, North Carolina?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bladen County, North Carolina?
The median gross rent in Bladen County, North Carolina is $752 per month, lower than the North Carolina average of $1,162.
What was the median gross rent in Bladen County in 2020?
In 2020, the median gross rent in Bladen County, North Carolina was $667 per month.
What is the price-to-rent ratio in Bladen County, North Carolina?
The price-to-rent ratio in Bladen County, North Carolina is about 17.3, meaning it would take roughly 17.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bladen County.
Are home prices or rent rising faster in Bladen County, North Carolina?
Both home prices and rent are rising in Bladen County, up about 9.6% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bladen County, North Carolina?
53.2% of households in Bladen County, North Carolina own their home, lower than the North Carolina average of 57.7%.
What is the vacancy rate in Bladen County, North Carolina?
The housing vacancy rate in Bladen County, North Carolina is 23.8%, higher than the North Carolina average of 13.0%.