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Markets / North Carolina / Pinehurst
RENTAL MARKET INTELLIGENCE
Pinehurst, NC
Pinehurst merits further investigation by investors who prioritize employment momentum and can tolerate weak rent growth and active permitting.
Median price$420k
Median rent$1,934
Gross yield5.5%
Job growth▲ 1.8%
Composite Market ScoreRank #256 of 571 scored US market areas
Direct rental answer
How much is rent in Pinehurst, NC?
Zillow's metro-wide Observed Rent Index is $1,934 per month for 2026-06-30. That is up 0.78% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Pinehurst
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Moore County, NCFIPS 37125 | $1,157 | $1,239 | $1,358 | $1,889 | $2,278 |
The read
Why this market scores where it does
Pinehurst merits further investigation by investors who prioritize employment momentum and can tolerate weak rent growth and active permitting. Yield-focused buyers or those unwilling to underwrite inland-flood exposure should avoid it: the indicated gross yield is 5.53%, while asking rent rose just 0.78% year over year.
The opportunity is demand support rather than obvious pricing power. CES employment grew 1.77%, and tax filings show net migration of 483 households. Median mover income was higher for arrivals than departures, with a published gap of $12,547. Those are favorable occupancy indicators, but they do not establish stronger future rents.
Buyer leverage is the counterweight to supply risk. Homes took 67 days to sell, and 30.34% recorded price drops, while inventory stood at 4.0 months. Yet permitting reached 10.81 per thousand residents, so investors should test competing inventory by submarket and property type. The dominant hazard is inland flood, making property-level insurance and loss review essential.
Frequently Asked Investor Questions
How much negotiating room is visible in for-sale conditions?
Median days on market was 67, the price-drop share was 30.34%, and months of supply was 4.0.
Is migration favorable, and are arrivals higher-income?
Tax filings show 3,634 households moved in and 3,151 moved out, for net migration of 483. Average income was $93,113 for arrivals and $80,566 for departures, a published gap of $12,547.
How far is median asking rent above the published fair-market rent?
Median asking rent is $1,934 versus $1,358 for the published fair-market rent; the calculated difference is $576 per month.
Investor Quick Takeaways
Gross Yield: 5.5%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 0.78%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 6.4%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Pinehurst as the starting point or move into a more specific property and rent check.
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Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply4.0 mo.▲ from 2.6 mo. a year ago
Median days on market67 days▲ from 39 days a year ago
Listings with price drops30.3%▼ from 34.3% a year ago
Sale-to-list ratio98.4%2026-05-01
Home value growth▲ 0.9%Zillow ZHVI · trailing 12 months
Rent growth▲ 0.78%Zillow ZORI · trailing 12 months
Gross rental yield5.5%Rent × 12 ÷ price
Payroll job growth▲ 1.8%CES · 12m to 2026-06
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady51→51
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
The one chart
Rents versus prices, indexed to 2019
Both series start at 100. The gap between the lines is the investment case, and which line is closing it tells you what kind of market this is.
Reindexed Price vs. Rent Growth
2019 = 100 · annual · 2019–2026
Since 2019, prices are up 73% and rents 44%. Prices running ahead of rents is what compresses yield. ✓ recomputed from series
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
51| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 95 | 30% | 28.50 |
| Rent trend | 14 | 25% | 3.50 |
| Affordability | 36 | 15% | 5.40 |
| Supply pressure | 12 | 15% | 1.80 |
| Climate risk | 77 | 15% | 11.55 |
| Published score | 51 | ||
Pinehurst, NC scoreRank #256
51Job growth95/100
Job: CES employment grew 1.77% year over year -> employment conditions are the market’s clearest positive signal.
Rent trend14/100
Rent: Asking rent rose 0.78% and gross yield was 5.53% -> the income case depends more on acquisition terms than recent rent growth.
Affordability36/100
Afford: The median home value was $419,654, or 4.88 times median income, while rent consumed 26.96% of income -> purchase pricing is a larger hurdle than tenant rent burden.
Supply pressure12/100
Supply: Permitting reached 10.81 per thousand residents while homes took 67 days to sell and 30.34% had price drops -> competing-supply risk coexists with buyer negotiating room.
Climate risk77/100
Climate: Inland flood is the dominant hazard and the annual climate loss ratio is 0.1102% -> property-level flood and insurance review is necessary.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$420k
YoY ▲ 0.9%
ZORI Median Rent
$1,934
YoY ▲ 0.78%
Gross Rental Yield
5.5%
Rent × 12 ÷ price
$1,934 × 12 ÷ $419,654
Job Growth (YoY)
▲ 1.8%
CES payrolls
Job signal 95/100
Median Household Income
$86k
Census ACS 5-year
Rent Burden
27.0%
Annual rent ÷ household income
Price-to-Income
4.9x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,358
Market rent 142.4% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$1,934Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$1,239−$695 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,358−$576 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,254−$680 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Pinehurst as context, then replace market-wide evidence with the candidate property's facts.
Regional price level
What feels expensive inside Pinehurst
BEA compares each category with the United States, which equals 100. This is a 2024 price-level comparison—not annual inflation.
BEA Regional Price Parities · 2024US = 100
Occupation wage lens
How asking rent sits against major local occupations
Annualized Zillow asking rent is divided by each BLS annual median wage. This is a screening ratio for one wage, not a household budget or affordability verdict.
Six largest published major groupsannual rent ÷ median wage
Food Preparation and Serving Related Occupations$29,700 median wage
78.1%
Office and Administrative Support Occupations$40,980 median wage
56.6%
Healthcare Practitioners and Technical Occupations$81,520 median wage
28.5%
Sales and Related Occupations$33,920 median wage
68.4%
Transportation and Material Moving Occupations$34,440 median wage
67.4%
Educational Instruction and Library Occupations$47,190 median wage
49.2%
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
1,106 units authorised in 2026, 8% of them in 5+ unit buildings. This is a single-family building cycle, so the competition is other houses, not new apartments. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
+483
3,634 in vs 3,151 out (IRS SOI)
▲ 13.3% of arriving households
Mover Income Gap
+$12,547
Arriving $93,113 vs leaving $80,566
Average AGI per tax return (IRS SOI)
Investor Purchase Share
6.4%
117 of 1,835 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.110% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Cumberland County · Wake County · Harnett County · Hoke County · Lee County
✓ 3,634 in − 3,151 out = 483 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Fayetteville, NC338 arriving
- Raleigh, NC202 arriving
- Sanford, NC109 arriving
Leading outbound markets
- Fayetteville, NC274 leaving
- Raleigh, NC193 leaving
- Sanford, NC125 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- Asking-rent growth of 0.78% and a 5.53% gross yield could fall short of an income-focused buyer’s requirements.
- The permitting rate of 10.81 per thousand residents creates competing-supply risk for leasing and resale.
- Inland flood is the dominant hazard, with a published annual climate loss ratio of 0.1102% of building value.
Inside this metro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Statistical peers
Market areas that behave like Pinehurst
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Pinehurst, NC (Target) | 51 | $420k | $1,934 | 5.5% | ▲ 1.8% |
| Elko, NV | 69 | $372k | $1,507 | 4.9% | ▲ 1.6% |
| Kingston, NY | 63 | $451k | $2,069 | 5.5% | ▲ 1.3% |
| Traverse City, MI | 71 | $427k | $1,960 | 5.5% | ▲ 2.5% |
| Yuba City, CA | 55 | $434k | $2,011 | 5.6% | ▲ 2.1% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |