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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sophia, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sophia, NC Housing Market Trends

With 10,388 people, 3,727 houses or apartments, and a median cost of homes of $289,667, Sophia real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sophia, accounting for 75.25% of the town's housing units. Other types of housing that are prevalent in Sophia include mobile homes or trailers ( 21.99%), duplexes, homes converted to apartments or other small apartment buildings ( 1.21%), and a few large apartment complexes or high rise apartments ( 1.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sophia. Owner-occupied housing accounts for 87.33% of Sophia's homes, and 78.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sophia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sophia built between 2000 and later ( 20.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.92%). There's also some housing in Sophia built before 1939 ( 4.62%).

Vacant housing appears to be an issue in Sophia. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Sophia homes and apartments can be a drag on the real estate market, holding Sophia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sophia Home Appreciation Rates

Appreciation rates for homes in Sophia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.89%, which ranks in the top 40% nationwide. This equates to an annual average Sophia house appreciation rate of 7.23%.

NeighborhoodScout's data show that during the latest twelve months, Sophia's appreciation rate, at 7.46%, has been at or slightly above the national average. In the latest quarter, Sophia's appreciation rate has been 1.85%, which annualizes to a rate of 7.60%.

Relative to North Carolina, our data show that Sophia's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$289,667

Sophia, NC Home Prices
> $1,439,000
$1,079,001 - $1,439,000
$719,001 - $1,079,000
$576,001 - $719,000
$432,001 - $576,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
2.8%
2.8%
2.1%
2.1%
2.3%
2.3%
1.0%
1.0%
12.0%
12.0%
24.3%
24.3%
36.6%
36.6%
11.1%
11.1%
7.8%
7.8%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

3,727

Sophia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,277 / per month

Homeownership Rate

Owners
Renters
87.3%
87.3%
12.7%
12.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.2%
20.2%
60.3%
60.3%
14.9%
14.9%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.3%
75.3%
0.2%
0.2%
1.2%
1.2%
1.0%
1.0%
22.0%
22.0%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
1.6%
1.6%
16.8%
16.8%
70.4%
70.4%
8.3%
8.3%
2.5%
2.5%
0% 100.0%
% of Homes