402 N Salisbury Ave · Spencer, NC 28159

$185,000

2 bd · 1.0 ba · 1,798 sqft · SingleFamily public records · 135 Days on market

Built 1913 0.45 ac lot Est $221k · 16% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.9/15.0
• Cash flow +12.6/30.0
• Appreciation +10.0/10.0
• DSCR +3.8/10.0
• Livability +3.1/5.0
• 1% rule +3.0/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

Key facts

• Ample outdoor space
• Historic charm
• French doors

Tags

• WRAP-AROUND FRONT PORCH
• HISTORIC CHARM
• ORIGINAL WOOD FLOORS
• FRENCH DOORS
• LEVEL LOT
• AMPLE OUTDOOR SPACE

Property features AI

Finance

• Other: R6 zoning; Level lot; Roads are paved and gravel and publicly maintained; Approximately 0.45 acres
• HOA & community: No HOA or HOA dues

Exterior

• Parking: Attached carport; Driveway with open parking (4 spaces)
• Utilities: City water; Public sewer
• Home design: Single-family residential; Site-built construction; One story; Crawl space foundation
• Construction: Composition roof; Asbestos construction material noted; Site-built
• Exterior features: Covered wrap-around front porch; Back yard fencing; Outbuilding and other auxiliary structure(s)

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Wood flooring; Linoleum flooring
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Built-in features; Fireplace (other — see remarks); Seven total rooms
• Laundry & utility: Washer and dryer included; Dedicated laundry room on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-23 ($-270/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (20.0% below list).
• Recommended offer: $148k (20.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#482 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment C-, amenities F, commute F.
• Rowan-Salisbury Schools (rural): math 26% / reading 35% proficiency, ranked #142 of 178 in NC (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: North Rowan Elementary (math 12% / reading 27%, grade F, #1,242 of 1,410 statewide, top 90%, 426 students, 92% FRL); North Rowan High (math 2% / reading 37%, grade F, #492 of 535 statewide, top 93%, 589 students, 66% FRL) — zoned schools average 79% FRL vs 54% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 25 active listings in the ZIP; 592 units permitted in Rowan County in 2024 (5 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Rowan County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $82k; list at $185k implies a 124% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,956 (20.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $221,154
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 N Yadkin Ave	0.17mi	3/1.0 (+1)	1,635 (-9%)	2mo	$219,000	$134	70
512 2nd St	0.46mi	3/2.0 (+1)	1,845 (+3%)	6mo	$156,250	$85	61
408 S Carolina Ave	0.66mi	2/1.0	1,754 (-2%)	6mo	$205,000	$117	60
504 1st St	0.42mi	3/2.0 (+1)	1,723 (-4%)	8mo	$279,000	$162	58
400 Charles St	0.40mi	3/1.5 (+1)	1,676 (-7%)	8mo	$245,000	$146	56
324 S Whitehead Ave	0.74mi	3/2.0 (+1)	1,776 (-1%)	6mo	$218,000	$123	50
704 4th St	0.74mi	3/1.0 (+1)	1,669 (-7%)	1mo	$105,000	$63	48
600 3rd St	0.55mi	3/2.0 (+1)	1,624 (-10%)	8mo	$290,000	$179	43
211 S Rowan Ave	0.51mi	3/2.0 (+1)	1,592 (-12%)	9mo	$132,000	$83	41
801 3rd St	0.59mi	3/2.0 (+1)	1,958 (+9%)	12mo	$228,000	$116	38
805 Rowan Avenue Ext	0.44mi	3/2.0 (+1)	2,066 (+15%)	11mo	$250,000	$121	37
510 S Yadkin Ave	0.74mi	3/2.0 (+1)	1,545 (-14%)	7mo	$200,000	$129	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.9%
• Equity multiple: 2.92×
• Total profit: $99,291
• Equity at exit: $166,663

10-year hold

• IRR: 21.2%
• Equity multiple: 6.67×
• Total profit: $293,461
• Equity at exit: $359,414

Cash invested: $51,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28159

• Home prices YoY: 3.1%
• Active inventory: 25
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,480 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$144 /mo · $1,729/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $-23

Break-even live

Break-even rent $1,508

Max offer price $181,024

Occupancy floor 97%

Sensitivity live

Price	-10% $82	-5% $30	+0% $-23	+5% $-75	+10% $-127
Rent	-10% $-139	-5% $-81	+0% $-23	+5% $36	+10% $94
Rate	-1.0pp $71	-0.5pp $25	base $-23	+0.5pp $-70	+1.0pp $-119

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $185,000 Active 135 DOM
2. 2026-06-17
   days on market $185,000 Active 134 DOM
3. 2026-06-16
   days on market $185,000 Active 133 DOM
4. 2026-06-15
   days on market $185,000 Active 132 DOM
5. 2026-06-13
   days on market $185,000 Active 130 DOM
6. 2026-06-10
   days on market $185,000 Active 126 DOM
7. 2026-06-08
   days on market $185,000 Active 125 DOM
8. 2026-06-07
   days on market $185,000 Active 124 DOM
9. 2026-06-04
   days on market $185,000 Active 121 DOM
10. 2026-06-03
    days on market $185,000 Active 120 DOM
11. 2026-06-02
    days on market $185,000 Active 119 DOM
12. 2026-06-01
    days on market $185,000 Active 118 DOM
13. 2026-05-31
    days on market $185,000 Active 117 DOM
14. 2026-03-17
    price $185,000
15. 2026-02-03
    listed $190,000 Active
16. 2020-03-02
    soldstatus $82,500 Sold 485-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

17. 2020-03-02
    soldstatus $82,500 Closed 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

18. 2020-03-02
    soldstatus $82,500

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

19. 2020-02-05
    status Pending 485-char remark

    Show marketing remark (485 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

20. 2020-01-16
    historical Due Diligence Period 485-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

21. 2020-01-16
    historical Under Contract - Show 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

22. 2019-12-31
    price $85,000 486-char remark

    Show marketing remark (485 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

23. 2019-12-31
    price $85,000 485-char remark

    Show marketing remark (485 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

24. 2019-10-10
    price $100,000 485-char remark

    Show marketing remark (485 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

25. 2019-10-08
    price $100,000 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

26. 2019-10-08
    status Active 485-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

27. 2019-10-08
    status Active 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

28. 2019-08-20
    status Pending 485-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

29. 2019-08-20
    status Under Contract - No Show 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

30. 2019-08-17
    status Active 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

31. 2019-08-17
    status Under Contract - No Show 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

32. 2019-04-20
    listed $85,000 Active 485-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

33. 2019-04-20
    listed $85,000 Active 486-char remark

    Show marketing remark (486 chars)

    REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $1,729 · $144/mo
• Projected year-2 tax: $1,729 · $144/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,755
• − Mortgage interest: −$10,363
• − Property taxes: −$1,729
• − Insurance: −$925
• − Repairs & maintenance: −$1,420
• − Management: −$1,420
• − Depreciation: −$5,382
• Taxable loss: −$3,485
• Est. tax savings @ 24.0%: +$836
• After-tax cash flow: $566/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Rowan-Salisbury Schools
• NCES district ID: 3704050
• Math proficiency: 26% ▲ 2.00%
• Reading proficiency: 35% ▲ 1.00%
• Median HH income: $43,953
• Composite: 26.01/100
• National rank: #7317
• State rank: #142 of 178 in NC

Livability — Spencer

• Score: 61/100
• State rank: #482
• US rank: #17657

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment C- Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spencer, NC
• City population: 3,181
• Population (ZIP): 3,181

Population outlook (Rowan County) Hauer SSP2

• Today (2025): 140,430 people
• By 2030: 140,193 · -0.2%
• By 2040: 137,617 · -2.0%
• By 2050: 131,826 · -6.1%
• By 2075: 115,123 · -18.0%
• By 2100: 92,774 · -33.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 33% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Serbian 9% Slovak 3% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Rowan

• 2024 margin: Solid R (+35.9) · D 31.6% · R 67.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -22.8pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+35.7 2016: R+36.8 2012: R+26.0 2008: R+22.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.93%
• Current HPI: 428.3307
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+117.6% since first listed

20 events — show timeline

• 2026-03-17 Price Changed $185,000 CANOPYMLS as Distributed by MLS Grid
• 2026-02-03 Listed $190,000 CANOPYMLS as Distributed by MLS Grid
• 2020-03-02 Sold (Public Records) $82,500 Public Records
• 2020-03-02 Sold (MLS) $82,500 CANOPYMLS as Distributed by MLS Grid
• 2020-03-02 Sold (MLS) $82,500 Triad MLS
• 2020-02-05 Pending — Triad MLS
• 2020-01-16 Contingent — Triad MLS
• 2020-01-16 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2019-12-31 Price Changed $85,000 CANOPYMLS as Distributed by MLS Grid
• 2019-12-31 Price Changed $85,000 Triad MLS
• 2019-10-10 Price Changed $100,000 Triad MLS
• 2019-10-08 Price Changed $100,000 CANOPYMLS as Distributed by MLS Grid
• 2019-10-08 Relisted — Triad MLS
• 2019-10-08 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2019-08-20 Pending — Triad MLS
• 2019-08-20 Pending — CANOPYMLS as Distributed by MLS Grid
• 2019-08-17 Relisted — CANOPYMLS as Distributed by MLS Grid
• 2019-08-17 Pending — CANOPYMLS as Distributed by MLS Grid
• 2019-04-20 Listed $85,000 CANOPYMLS as Distributed by MLS Grid
• 2019-04-20 Listed $85,000 Triad MLS

Property tax history

+3.5%/yr

Latest (2025): $1,729 · +2.2% YoY. Source: county tax records.