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Advance, NC

Full City Profile · North Carolina · Davie County County

3.6 /5.0
B+ Good
1,544 Population 216/sq mi density
$109,402 Median Income $33,917 per capita
$358,500 Home Value $399,117 Zillow
$865 Median Rent 15.4% income on rent
57°F Avg Temperature 310 sunny days/yr
233 Violent Crime/100K 4,741 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$109,402 median income, 0.0% unemployment
A+
Affordability
4.8 / 5.0
$358,500 home value, $865/mo rent
F
Safety
1.0 / 5.0
233 violent crimes/100K
B+
Education
3.5 / 5.0
31.8% bachelor's degree or higher

Housing Overview

Median Home Value
$358,500
27% above
US avg: $281,900
Median Rent
$865/mo
26% below
US avg: $1,163/mo
Homeownership Rate
81.8%
25% above US avg (65.4%)
Total Housing Units
638
Median year built: 1995

Home Value by Source

Census Median
$358,500
Zillow (ZHVI)
$399,117
Median Sale Price
$678,750
Median List Price
$168,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

81.8%
Owner-Occupied
18.2%
Renter-Occupied
82%
18%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent: $865/mo · Zillow rent: $2,236/mo

Market Indicators (Redfin)

Median Days on Market
119 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
30.8%
of listings with price reduction
Price Per Sq Ft
$211
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
15.4%
of renters spending 30%+ of income on housing
50% below US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
81.8%

Complete Housing Data

Home Values

Census Median Value$358,500
Zillow Home Value (ZHVI)$399,117
Median Sale Price$678,750
Median List Price$168,900
Price Per Sq Ft$211

Rent

Census Median Rent$865
Zillow Rent (ZORI)$2,236
FMR Studio$932
FMR 1-Bedroom$981
FMR 2-Bedroom$1,161
FMR 3-Bedroom$1,499
FMR 4-Bedroom$1,780

Market

Days on Market119
Sale-to-List Ratio1.0%
Price Drops30.8%
Homes Sold4
Active Inventory13
Price Per Sq Ft$211

Ownership & Stock

Owner-Occupied81.8%
Renter-Occupied18.2%
Homeownership Rate81.8%
Total Housing Units638
Median Year Built1995
Rent Burden15.4%