Person County, North Carolina Housing Market Prices
Person 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 628% above the North Carolina median Most expensive county in North Carolina$2,026,786
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Median rent 30% below the North Carolina median$864
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Person County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,026,786 | $278,288 | $248,835 |
| Price Trend (Annual %) | 82.1% | 9.3% | 7.5% |
| Median Gross Rent | $864 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Person County is about 628% higher than in North Carolina. Rent is about 30% 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 Person County, up about 82.1% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Person County rose about 38.0% between 2015 and 2024, from $626 to $864. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 31.6 yearly household incomes in Person County.
Buying the median-priced home in Person County costs roughly 195.6 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 Person County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Person County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,026,786 | $278,288 | $248,835 |
| Median Household Income | $64,160 | $72,438 | $80,455 |
| Price-to-Income Ratio | 31.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Person County rose about 1024.0%, while median household income rose about 38.8% 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 | Person County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 58.3% | 58.5% |
| Rental Rate | 19.6% | 29.2% | 31.2% |
| Vacancy Rate | 13.6% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Person County has a homeownership rate of 66.8%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 13.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Person County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Person County was built around 1982. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Person County, NC Housing Compared With Nearby Counties
Person County, NC is the smallest of the 4 counties compared here, 39,541 residents against a local median of 149,658. The measure that sets Person County, NC apart most is median home price: $2,026,786, more than 7 times the local median of $271,999.
Median rent tells the same story from another angle: $864 against a local median of $1,495, 42% below it. The one measure here that carries a verdict is homeownership, and at 21% above the local median it puts Person County, NC at the better end of the local range. The counties themselves sit within $177,041 of each other on median home price, a tighter band than the gap between any of them and Person County, NC, which makes it a genuine outlier here rather than one end of a wide local spread. Person County, NC has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Person County, NC | 39,541 | $2,026,786 #1/4 | $864 #4/4 | 77.3% #1/4 |
| Granville County, NC | 60,874 | $113,314 | $1,008 | 77.1% |
| Orange County, NC | 149,658 | $271,999 | $1,495 | 63.8% |
| Durham County, NC | 331,707 | $290,354 | $1,507 | 55.5% |
Frequently Asked Questions
Common questions about the housing market in Person County, North Carolina.
What is the median home price in Person County, North Carolina?
The median home price in Person County, North Carolina is $2,026,786, higher than the North Carolina average of $278,288.
What is the average home price in Person County, North Carolina?
The typical home price in Person County, North Carolina, reported as the median sale price, is $2,026,786. 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 Person County, North Carolina?
The median gross rent in Person County, North Carolina is $864 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Person County in 2020?
In 2020, the median gross rent in Person County, North Carolina was $709 per month.
What is the price-to-rent ratio in Person County, North Carolina?
The price-to-rent ratio in Person County, North Carolina is about 195.6, meaning it would take roughly 195.6 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 Person County.
Are home prices or rent rising faster in Person County, North Carolina?
Both home prices and rent are rising in Person County, up about 82.1% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Person County, North Carolina?
66.8% of households in Person County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Person County, North Carolina?
The housing vacancy rate in Person County, North Carolina is 13.6%, higher than the North Carolina average of 12.5%.
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