Ellerbe, NC housing market
The typical Ellerbe home is worth about $139,000, up 0.8% in a year, 59% below the North Carolina typical home.
Home values, sales, trends and how Ellerbe compares with the towns next door — updated as new data is published.
Ellerbe at a glance
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ellerbe | North Carolina |
|---|---|---|
| 2017 | $85,000 | $179,000 |
| 2018 | $88,000 | $190,000 |
| 2019 | $92,000 | $203,000 |
| 2020 | $97,000 | $215,000 |
| 2021 | $109,000 | $242,000 |
| 2022 | $128,000 | $287,000 |
| 2023 | $133,000 | $320,000 |
| 2024 | $131,000 | $332,000 |
| 2025 | $135,000 | $338,000 |
| 2026 | $133,000 | $336,000 |
| August 2026 | $139,000 | $335,000 |
4 years of income
The typical Ellerbe home costs about 4 years of the town's median household income, less than across North Carolina (4.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Ellerbe is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ellerbe pay a median of $575, so moving in tends to cost more than staying put. A two-bedroom takes about 32% of the town's median household income, above the 30% guideline for affordable housing.
Studio $710 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28338; Montgomery County, NC), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Ellerbe
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.