Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 10,437 ↓ 0.4% since 2020 |
| Median Household Income | $61,612 17% below national median |
| Median Home Value | $163,900 |
| Unemployment Rate | 8.9% |
| Median Age | 47.7 years |
| Housing Vacancy Rate | 12.3% |
| Total Land Sales (Past 12 Months) | 48 transactions |
| Active Listings | 8 properties |
| Avg Days on Market | 521 days |
Rural Land Sales (1+ Acres) (Aug 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,991 |
| Recent Sales | 46 transactions |
| Avg Days on Market | 527 days |
| Avg Parcel Size | 28.80 acres |
| Active Listings | 6 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 1.76 | $25,000 | $14,205 | Eure |
| Feb 2026 | 6.00 | $70,000 | $11,667 | Hobbsville |
| Dec 2025 | 54.42 | $175,000 | $3,216 | Gates |
| Dec 2025 | 149.90 | $357,600 | $2,386 | Corapeake |
| Dec 2025 | 151.00 | $659,000 | $4,364 | Corapeake |
| Oct 2025 | 234.44 | $725,000 | $3,092 | Corapeake |
| Oct 2025 | 81.00 | $120,000 | $1,481 | Gates |
| Sep 2025 | 1.79 | $35,000 | $19,553 | Gatesville |
| Aug 2025 | 12.00 | $118,000 | $9,833 | Gatesville |
| Aug 2025 | 49.04 | $227,000 | $4,629 | Corapeake |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $23,250 |
| Recent Sales | 2 transactions |
| Avg Days on Market | 380 days |
| Avg Parcel Size | 0.70 acres |
| Active Listings | 2 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Sep 2025 | 0.54 | $19,000 | Sunbury |
| Aug 2024 | 0.93 | $27,500 | Hobbsville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 10,437 |
| Population (2020) | 10,478 |
| Population Growth | -0.39% |
| Median Household Income | $61,612 |
| Median Home Value | $163,900 |
| Total Housing Units | 4,809 |
| Vacant Housing Units | 590 |
| Housing Vacancy Rate | 12.3% |
| Median Age | 47.7 |
| Bachelor's Degree or Higher | 427 (4.1%) |
| Unemployment Rate | 8.9% |
Market Overview
Gates County, North Carolina has a population of 10,437, which has declined 0.39% since 2020. The median household income is $61,612, below the national median of $74,580 by 17.4%. The housing vacancy rate of 12.3% suggests soft market conditions. Gates County remains a key area for land acquisition in North Carolina. Recent rural land sales show a median price of $7,991 per acre, with properties averaging 28.80 acres. There are currently 8 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Gates County, North Carolina?
As of the 2023 American Community Survey, Gates County has a population of 10,437. The county has declined 0.39% since the 2020 Census.
What is the median household income in Gates County?
The median household income in Gates County is $61,612, which is 17.4% below the national median of $74,580.
Is Gates County growing or shrinking?
Gates County is shrinking. The population has declined 0.39% since 2020.
What is the housing market like in Gates County?
The median home value in Gates County is $163,900. The housing vacancy rate is 12.3%, which suggests soft market conditions. The unemployment rate is 8.9%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $7,991 per acre. Suburban/urban lots under 1 acre have a median lot price of $23,250.
Does Reelvest buy land in Gates County, North Carolina?
Yes! Reelvest Properties buys vacant land throughout North Carolina, including Gates County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.