Holly Springs, North Carolina Housing Market Prices
Holly Springs 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 51% above the North Carolina median$420,064
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Median rent 58% above the North Carolina median$1,936
Housing Market Overview
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $420,064 | $278,288 | $248,835 |
| Price Trend (Annual %) | 6.7% | 9.3% | 7.5% |
| Median Gross Rent | $1,936 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Holly Springs is about 51% higher than in North Carolina. Rent is about 58% higher 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 Holly Springs, up about 6.7% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Holly Springs rose about 65.1% between 2015 and 2024, from $1,173 to $1,936. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Holly Springs.
Buying the median-priced home in Holly Springs costs roughly 18.1 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 Holly Springs. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $420,064 | $278,288 | $248,835 |
| Median Household Income | $133,074 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Holly Springs rose about 2.9%, while median household income rose about 59.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.5% | 58.3% | 58.5% |
| Rental Rate | 19.1% | 29.2% | 31.2% |
| Vacancy Rate | 4.4% | 12.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Holly Springs has a homeownership rate of 76.5%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 4.4%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Holly Springs | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.93 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2007 | 1989 | 1978 |
| Median Number of Rooms | 7.1 | 5.6 | 5.5 |
The typical housing unit in Holly Springs was built around 2007. On average, 2.9 people live in a home with about 7.1 rooms, staying for about 12.0 years on average.
Holly Springs, NC Housing Compared With Nearby Cities
How Holly Springs, NC compares with the 2 cities closest to it.
Frequently Asked Questions
Common questions about the housing market in Holly Springs, North Carolina.
What is the median home price in Holly Springs, North Carolina?
The median home price in Holly Springs, North Carolina is $420,064, higher than the North Carolina average of $278,288.
What is the average home price in Holly Springs, North Carolina?
The typical home price in Holly Springs, North Carolina, reported as the median sale price, is $420,064. 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 Holly Springs, North Carolina?
The median gross rent in Holly Springs, North Carolina is $1,936 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Holly Springs in 2020?
In 2020, the median gross rent in Holly Springs, North Carolina was $1,412 per month.
What is the price-to-rent ratio in Holly Springs, North Carolina?
The price-to-rent ratio in Holly Springs, North Carolina is about 18.1, meaning it would take roughly 18.1 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 Holly Springs.
Are home prices or rent rising faster in Holly Springs, North Carolina?
Both home prices and rent are rising in Holly Springs, up about 6.7% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Holly Springs, North Carolina?
76.5% of households in Holly Springs, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Holly Springs, North Carolina?
The housing vacancy rate in Holly Springs, North Carolina is 4.4%, lower than the North Carolina average of 12.5%.
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