Checked
Drexel, NC Home Values and Rents
The median home value in Drexel is $214,400, 273rd highest of 454 cities and towns in North Carolina. Median rent is $590 a month.
- Median home value
- $214,400
- 273rd of 454 in NC
- Median rent
- $590/mo
- ACS 2020-2024
- Price change, 1 year
- +2.5%
- County index, 2025
- Homeownership
- 72.0%
- NC: 66.6%
Home sale prices in the Hickory-Lenoir-Morganton, NC area
Zillow median sale price, Sep 2026
$262,003-5.4% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Burke County home price trend
FHFA annual House Price Index for Burke County, 2000 = 100, compared with North Carolina
Show as a table
| Period | Burke County |
|---|---|
| 2025 | 235 |
| 2024 | 229 |
| 2023 | 223 |
| 2022 | 198 |
| 2021 | 166 |
| 2020 | 147 |
| 2019 | 141 |
| 2018 | 131 |
| 2017 | 122 |
| 2016 | 116 |
| 2015 | 115 |
| 2014 | 113 |
| 2013 | 114 |
| 2012 | 113 |
| 2011 | 118 |
Over five years, Burke County prices changed +59.6%, compared with +41.2% for North Carolina.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 28619 | $198,600 | $759 | - | - |
Fair Market Rents, FY2027
HUD rent standard for Hickory-Lenoir-Morganton, NC MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $961 | +12.0% |
| 1 bedroom | $965 | +6.3% |
| 2 bedrooms | $1,147 | +4.7% |
| 3 bedrooms | $1,399 | +2.0% |
| 4 bedrooms | $1,707 | +2.8% |
Frequently asked questions
- What is the median home value in Drexel, NC?
- The median home value in Drexel is $214,400, based on the American Community Survey 2020-2024 5-year estimates. The North Carolina median is $288,900.
- How much is rent in Drexel?
- The median rent in Drexel is $590 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,147.
- Are home prices going up in Drexel?
- Home prices in Burke County changed +2.5% over one year and +59.6% over five years, as of 2025.
- How does Drexel compare with the rest of North Carolina?
- Drexel has the 273rd highest median home value of 454 cities and towns with 1,000+ residents in North Carolina.
- Which ZIP code in Drexel has the highest home values?
- ZIP code 28619 has the highest median home value at $198,600.