Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$182,040−1.1% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$39,462About 0.7× the local median income ($54,441): affordable for a typical household
Days on market72 daysAbout the same pace as a year ago
The typical home in Vance County, NC is worth $182,040, down 1.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $176,452, so the area is 3.2% overvalued. It is a buyer's market: homes take about 72 days to sell, listings are up 17% from a year ago, 23% of listings have had a price cut. A household needs about $39,462 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 $54,441. Typical rent is $996 a month. In the latest IRS figures, 43 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
$182,040
Change in 1 year
−1.1%
Overvalued %
+3.2%
Show 6 more
Fair home value
$176,452
Change in 5 years
+13.7%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$987
Income needed to afford it
$39,462
Property tax rate
0.78%
Rent and investing
Typical rent
$996
Price-to-rent ratio
15.2×
HUD Fair Market Rent, 2 bedrooms
$1,012
Show 2 more
Gross rental yield
6.56%
Cap rate (estimate)
4.27%
Market activity
Listings vs a year ago
+17.2%
Days on market
72
Listings with a price cut
23.2%
Show 3 more
Homes for sale
102
Pending sales per 100 listings
25
Asking price per sq ft
$149
People and jobs
Median household income
$54,441
Population change (1 year)
+0.1%
Unemployment rate
8.2%
Show 4 more
Population
42,638
Income adjusted for cost of living
$61,585
Net moves in (IRS)
+43
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
9.4
FEMA hazard risk score (0 to 100)
48.4
Flood risk score
55.2
Show 3 more
Wildfire risk score
17.4
Walkability (1 to 20)
5.9
Road, rail and air noise
55 dB
Questions people ask
Is Vance County, NC overvalued?
Home prices in Vance County, NC are slightly above what local incomes have historically supported: fair value is about $176,452, so the area is 3.2% overvalued.
Is Vance County, NC a buyer's or seller's market?
Vance County, NC is a buyer's market: homes take about 72 days to sell, listings are up 17% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Vance County, NC?
Home values in Vance County, NC are down 1.1% over the last year.
How much do you need to earn to buy a home in Vance County, NC?
A household needs about $39,462 a year to afford the typical home in Vance County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,441.