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Hoke County, NC

RANK #632 / 996  ·  POP 52,612  ·  NC

PROJECTED GROWTH: +0.3%

Hoke County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Hoke County?

Raeford, the county seat, anchors Hoke County, a community in North Carolina's Coastal Plain and Sandhills regions. The county is approximately 20 miles from Fayetteville and Pinehurst, offering a balance of rural living with access to larger cities. A significant portion of Fort Liberty (formerly Fort Bragg) lies within the county's northern third, influencing the local population and economy. Outdoor enthusiasts can explore the Hoke Community Forest, offering marked trails for hiking, biking, and horseback riding, or visit the Calloway Forest Preserve, known for its longleaf pine habitats and diverse wildlife. The county also hosts the annual North Carolina Turkey Festival, a major event celebrating the state's turkey production.

Life in Hoke County often appeals to those seeking a quieter pace, with many residents owning their homes. The community has seen growth, partly due to its proximity to Fort Liberty, attracting military families and retirees. Hoke County Schools serves over 8,700 students across 14 schools, including Hoke County High School. Commute options include personal vehicles and the Hoke Area Transit Service (HATS), which provides door-to-door public transportation within and to neighboring counties. The local economy, historically rooted in agriculture, particularly poultry production, is experiencing new investments in manufacturing and infrastructure, contributing to job growth and community enhancements.

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

GDP Growth
+7.9%

Well above national median

Home Prices
+0.2%

Well below national median

Climate & Terrain
-1.3

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hoke County U.S. National

The Numbers

DEMOGRAPHICS
Population
52,612
+0.85% YoY
Median Household Income
$57,141
Median Home Value
$177,500
+0.17% 12mo
Median Rent
$1,036
Average Annual Pay
$46,891
+6.9% YoY
Employment
9,046
+0.5% YoY
Income-to-Home-Value
0.3219
More affordable than average
Migration Inflow
6.38%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$316,550
Days on Market
93
Slower market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
16.7%
Listings w/ Price Drops
11.5%
Building Permits (2024)
685
Single-Family Permits
681

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$156M
TOTAL
PROJECT AMOUNT STATUS
Pennsylvania Transformer Technology Expansion
Pennsylvania Transformer Technology, LLC (PTT)
$102M Under Construction
County-wide Infrastructure and Facilities Upgrades (Proposed)
Hoke County
$54M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.9% 96 percentile
Population Growth +0.8% 66 percentile
Income Growth +6.9% 16 percentile
Vacancy Rate 1.2% 38 percentile
Home Price Change +0.2% 32 percentile
Rent Growth +3.4% 59 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hoke County, NC a good place to move to?

Hoke County has a Boom Town Index score of 37/100, ranking #632 among 996 U.S. counties. With job growth at +0.5% and a median household income of $57,141, it faces some economic headwinds compared to faster-growing counties.

Is Hoke County affordable?

The median home value in Hoke County is $177,500 with median rent at $1,036/month. The income-to-home-value ratio is 0.3219, which is more affordable than the national average.

Is Hoke County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +0.5%. Home values changed +0.2% in the past 12 months.

Are people moving to Hoke County?

Yes — 6.38% of Hoke County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Santa Clara County, CA 47 Clay County, MN 47 Spotsylvania County, VA 47 Stafford County, VA 47 Watauga County, NC 47 Warren County, KY 47 Muskogee County, OK 47 Blount County, TN 47