Market Overview
Home Prices in Hobgood, NC
The median home value in Hobgood, NC is $102,435 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hobgood are priced75% below average. Hobgood is part of the Roanoke Rapids, NC metro area.
Over the past five years, Hobgood home values have risen by approximately13.3%, reflecting steady appreciation in this market.
Price History
Hobgood Home Price Trend
City Comparison
Hobgood vs. National Median
At $102,435, homes in Hobgood cost 75% below the national median of $410,000. This makes Hobgood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hobgood?
20% Down Payment
$20,487
on $102,435
Monthly P&I
$534/mo
30-yr @ 6.8%
Total Monthly Est.
~$678/mo
incl. taxes & insurance
Income Needed
$27,120
gross annual (30% rule)
10% Down Option
$10,244
+ PMI applies
Loan Amount (20% dn)
$81,948
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hobgood, NC?
The median home value in Hobgood is $102,435 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Hobgood?
Over the past year, home values in Hobgood have increased by 9%. Over five years, prices have risen approximately 13.3%.
How much do I need to earn to buy a home in Hobgood?
To comfortably afford the median home price of $102,435 with a 20% down payment ($20,487) at today's rates (6.8%), you'd need a gross annual income of approximately $27,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Hobgood compare to the national average home price?
The national median home value is approximately $410,000. At $102,435, homes in Hobgood are 75% below the national average.
What metro area is Hobgood part of?
Hobgood is part of the Roanoke Rapids, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.