Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

$295,913
$1,746

Housing Market Overview

Metric Holly Springs North Carolina Avg US Average
Median Home Price $295,913 $265,624 $242,182
Price Trend (Annual %) 1.6% 9.9% 8.2%
Median Gross Rent $1,746 $1,162 $1,342
Rent Trend (Annual %) 6.0% 5.2% 5.1%
Household Income Trend (Annual %)

Housing Cost & Rent Trends

Median Home Price Over Time
Holly Springs
North Carolina
United States
Year Holly Springs North Carolina United States
Median Rent Over Time
Holly Springs
North Carolina
United States
Year Holly Springs North Carolina United States

Affordability

On average, housing unit costs 2.3 yearly household incomes in Holly Springs.

Metric Holly Springs North Carolina Avg US Average
Median Home Price $295,913 $265,624 $242,182
Median Household Income $126,800 $69,937 $78,145
Price-to-Income Ratio 2.3 3.8 3.1
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)

Compare income and housing cost trends.

Household Income Growth %
Housing Cost Growth %
Year Income Growth % Housing Cost Growth % Gap (Cost - Income)

Occupancy & Tenure

Metric Holly Springs North Carolina Avg US Average
Homeownership Rate 78.6% 57.7% 58.2%
Rental Rate 16.4% 29.2% 31.3%
Vacancy Rate 5.0% 13.0% 10.6%
Median Tenure (years) 12.0 15.0 15.0
Median Year Moved In 2014 2011 2011

Housing Stock

Metric Holly Springs North Carolina Avg US Average
Average Household Size 2.90 people 2.46 people 2.54 people
Median Structure Built Year 2006 1988 1978
Median Number of Rooms 7.0 5.6 5.5