Halifax County, North Carolina Housing Market Prices
Halifax County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 4% below the North Carolina median$266,060
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Median rent 34% below the North Carolina median$813
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Halifax County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $266,060 | $278,288 | $248,835 |
| Price Trend (Annual %) | 24.5% | 9.3% | 7.5% |
| Median Gross Rent | $813 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Halifax County is about 4% lower than in North Carolina. Rent is about 34% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Halifax County, up about 24.5% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Halifax County rose about 22.9% between 2015 and 2024, from $661 to $813. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Halifax County.
Buying the median-priced home in Halifax County costs roughly 27.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Halifax County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Halifax County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $266,060 | $278,288 | $248,835 |
| Median Household Income | $45,442 | $72,438 | $80,455 |
| Price-to-Income Ratio | 5.9 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Halifax County rose about 221.9%, while median household income rose about 41.1% between 2009 and 2025 — 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 | Halifax County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 58.3% | 58.5% |
| Rental Rate | 30.4% | 29.2% | 31.2% |
| Vacancy Rate | 18.0% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Halifax County has a homeownership rate of 51.6%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 18.0%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Halifax County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1978 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Halifax County was built around 1978. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 19.0 years on average.
Halifax County, NC Housing Compared With Nearby Counties
Halifax County, NC is typical in size for this group, 47,661 residents against a local median of 48,736, so the measures below are close to a like for like comparison. Halifax County, NC's median home price, at $266,060, runs 72% above the $155,023 typical of the counties around it.
The counties themselves sit within $48,385 of each other on median home price, a tighter band than the gap between any of them and Halifax County, NC, which makes it a genuine outlier here rather than one end of a wide local spread. Halifax County, NC has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Halifax County, NC | 47,661 | $266,060 #1/4 | $813 #3/4 | 62.9% #3/4 |
| Northampton County, NC | 16,931 | $155,023 | $758 | 74.6% |
| Edgecombe County, NC | 48,736 | $134,077 | $857 | 60.8% |
| Nash County, NC | 96,212 | $182,462 | $952 | 63.6% |
Frequently Asked Questions
Common questions about the housing market in Halifax County, North Carolina.
What is the median home price in Halifax County, North Carolina?
The median home price in Halifax County, North Carolina is $266,060, lower than the North Carolina average of $278,288.
What is the average home price in Halifax County, North Carolina?
The typical home price in Halifax County, North Carolina, reported as the median sale price, is $266,060. 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 Halifax County, North Carolina?
The median gross rent in Halifax County, North Carolina is $813 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Halifax County in 2020?
In 2020, the median gross rent in Halifax County, North Carolina was $705 per month.
What is the price-to-rent ratio in Halifax County, North Carolina?
The price-to-rent ratio in Halifax County, North Carolina is about 27.3, meaning it would take roughly 27.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Halifax County.
Are home prices or rent rising faster in Halifax County, North Carolina?
Both home prices and rent are rising in Halifax County, up about 24.5% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Halifax County, North Carolina?
51.6% of households in Halifax County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Halifax County, North Carolina?
The housing vacancy rate in Halifax County, North Carolina is 18.0%, higher than the North Carolina average of 12.5%.
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