Markets/North Carolina/Hickory-Lenoir-Morganton

Hickory-Lenoir-Morganton, NC Real Estate Market 2026

Investor-grade market analytics for Hickory-Lenoir-Morganton, North Carolina. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$269,037

+2.0% year-over-year

Est. Rental Yield

7.2%

gross annual

12-Month Forecast

+2.0%

base case (Zillow ZHVF)

+2.0% year-over-year

Climate Risk

25/100

Low

Market Momentum

➡️
Neutral
4.4mo supply · Score -1/7

Net migration: Top 10% nationally

Income Migration

➡️ Neutral1.08x

In-migrants avg $63,776 AGI vs out-migrants $58,820

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Opportunity Zone Market

12 ZIP codes in Hickory-Lenoir-Morganton are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Hickory-Lenoir-Morganton Market Summary

Hickory-Lenoir-Morganton, NC shows steady growth at 2.0% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.46x, below the national average of 4.8x. Modest net positive migration (+638 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 7.21% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score79/100
Price-to-Income Ratio4.5x (national avg 4.8x)
Median Household Income$60,255

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.0%
Base Case+2.0%
Bull Case+3.0%

Climate & Natural Hazard Risk

Hickory-Lenoir-Morganton, NC's primary climate exposure is flooding (44/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Hickory-Lenoir-Morganton dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.