Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$255,286+10.6% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 24% have cut their price
Income needed to buy, per year$55,341About 0.8× the local median income ($68,522): affordable for a typical household
Days on market47 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Gates County, NC is worth $255,286, up 10.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $201,786, so the area is 26.5% overvalued. It is a seller's market: homes take about 47 days to sell, listings are down 31% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $55,341 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,522. In the latest IRS figures, 24 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$255,286
Change in 1 year
+10.6%
Overvalued %
+26.5%
Show 7 more
Fair home value
$201,786
Change in 5 years
+46.6%
Zillow forecast, next 12 months
+2.3%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,384
Income needed to afford it
$55,341
Property tax rate
0.76%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,665
Market activity
Listings vs a year ago
−31.0%
Days on market
47
Listings with a price cut
24.5%
Show 3 more
Homes for sale
20
Pending sales per 100 listings
85
Asking price per sq ft
$173
People and jobs
Median household income
$68,522
Population change (1 year)
−0.5%
Unemployment rate
5.8%
Show 4 more
Population
10,234
Income adjusted for cost of living
$69,992
Net moves in (IRS)
+24
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
10.5
Flood risk score
40.8
Show 3 more
Wildfire risk score
13.0
Walkability (1 to 20)
3.6
Road, rail and air noise
55 dB
Questions people ask
Is Gates County, NC overvalued?
Home prices in Gates County, NC are well above what local incomes have historically supported: fair value is about $201,786, so the area is 26.5% overvalued.
Is Gates County, NC a buyer's or seller's market?
Gates County, NC is a seller's market: homes take about 47 days to sell, listings are down 31% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Gates County, NC?
Home values in Gates County, NC are up 10.6% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Gates County, NC?
A household needs about $55,341 a year to afford the typical home in Gates County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,522.