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Pender County, NC

RANK #755 / 996  ·  POP 61,592  ·  NC

PROJECTED GROWTH: -0.3%

Pender County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Pender County?

Pender County, North Carolina, is distinguished by Topsail Island, a popular beach destination, and the Black River, recognized as one of the nation's least polluted rivers. Located in the Coastal Plains region, the county offers a blend of rural charm and natural beauty, with extensive waterways like the Cape Fear River and dense woodlands. Burgaw, the county seat, combines historic 18th and 19th-century architecture with newer developments. Commuting to Wilmington, a nearby city, typically takes 20-30 minutes, though Highway 17 can experience heavy traffic. Outdoor recreation is a significant draw, with opportunities for kayaking, hiking, fishing, and exploring parks such as Hampstead Kiwanis Park and Abbey Nature Preserve.

Life in Pender County offers a small-town atmosphere, appealing to families and those seeking a quieter lifestyle. The public school system serves over 11,000 students across 19 schools and is considered above average. The county has experienced rapid population growth, with new housing developments emerging across the area, including in towns like Hampstead and Rocky Point. This growth is driving an expansion of commercial services within the county. While agriculture, particularly blueberries, remains a foundational industry, there is also increasing investment in manufacturing and other sectors.

[02] Market Snapshot

Housing Ratio
7.8x

Overvalued relative to economy

GDP Growth
+5.4%

Well above national median

Home Prices
-0.7%

Prices declining

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 7.8x — 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

Pender County U.S. National

The Numbers

DEMOGRAPHICS
Population
61,592
+2.71% YoY
Median Household Income
$74,538
Median Home Value
$240,800
-0.73% 12mo
Median Rent
$1,039
Average Annual Pay
$47,159
+4.4% YoY
Employment
14,704
+3.7% YoY
Income-to-Home-Value
0.3095
More affordable than average
Migration Inflow
6.45%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$457,000
Days on Market
123
Slower market
Months of Supply
5.2
Buyer's market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
9.1%
Listings w/ Price Drops
16.6%
Building Permits (2024)
944
Single-Family Permits
868

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

[05] Capital Investment

$796M
TOTAL
PROJECT AMOUNT STATUS
Amazon Robotics Fulfillment Center
Amazon
$500M Under Construction
Pender County Solar Farm
Cubico Sustainable Investments
$105M Operating
Community Solar Portfolio
Various (e.g., John Laing US Solar Corp., Quarter Horse Farm LLC)
$100M Operating
New K-8 School
Pender County Schools
$50M Under Construction
Pender County Utility Infrastructure Upgrades
Pender County Utilities
$41M Planned/Under Construction

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

[06] Score Breakdown

GDP Growth +5.4% 86 percentile
Population Growth +2.7% 94 percentile
Income Growth +13.5% 98 percentile
Vacancy Rate 1.3% 31 percentile
Home Price Change -0.7% 23 percentile
Rent Growth +2.2% 36 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Pender County has a Boom Town Index score of 24/100, ranking #755 among 996 U.S. counties. With job growth at +3.7% and a median household income of $74,538, it faces some economic headwinds compared to faster-growing counties.

Is Pender County affordable?

The median home value in Pender County is $240,800 with median rent at $1,039/month. The income-to-home-value ratio is 0.3095, which is more affordable than the national average.

Is Pender County growing or shrinking?

Population growth: +2.7% year-over-year. Job growth: +3.7%. Home values changed -0.7% in the past 12 months.

Are people moving to Pender County?

Yes — 6.45% of Pender County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Cabarrus County, NC 34 Weber County, UT 34 Ascension Parish, LA 34 St. Louis city, MO 34 Mercer County, NJ 34 Madison County, TN 34 Hardin County, KY 34 Cleveland County, OK 34