Troutman, NC housing market
The typical Troutman home is worth about $396,000, about the same as a year ago, 18% above the North Carolina typical home. Homes typically sell in 34 days, below asking.
Home values, sales, trends and how Troutman compares with the towns next door — updated as new data is published.
Troutman at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Troutman | North Carolina |
|---|---|---|
| 2017 | $222,000 | $179,000 |
| 2018 | $235,000 | $190,000 |
| 2019 | $248,000 | $203,000 |
| 2020 | $257,000 | $215,000 |
| 2021 | $294,000 | $242,000 |
| 2022 | $357,000 | $287,000 |
| 2023 | $401,000 | $320,000 |
| 2024 | $398,000 | $332,000 |
| 2025 | $398,000 | $338,000 |
| 2026 | $397,000 | $336,000 |
| August 2026 | $396,000 | $335,000 |
Troutman and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Troutman | $396K | +0.1% | $1,480 | $98,462 |
| Statesville | $298K | +2.9% | $1,190 | $52,880 |
4 years of income
The typical Troutman home costs about 4 years of the town's median household income, less than across North Carolina (4.6 years).
How Troutman ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,480
HUD's Fair Market Rent for a two-bedroom in Troutman is $1,480 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Troutman pay a median of $1,292, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,290 · 4 bedrooms $2,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28166, 28677; Iredell County, NC HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 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.