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Wayne County, NC

Goldsboro

RANK #124 / 996 NAT  ·  #7 / 51 NC  ·  POP 117,480

1YR FORECAST: -0.1%

5YR OUTLOOK: +35%

#44 Best Rental Yield
Our model projects Wayne County's housing market to grow -0.1% over the next year, significantly outpacing the national average.

[01] Why Wayne County?

Wayne County, North Carolina, is often recognized for the Mount Olive Pickle Company, a major pickle producer that hosts an annual North Carolina Pickle Festival in the town of Mount Olive. Located in the Coastal Plain region of Eastern North Carolina, Wayne County is approximately 50-52 miles southeast of Raleigh. Goldsboro serves as the county seat. The community has a slower pace, with a mix of rural landscapes and developed areas. The Neuse River bisects the county, offering natural scenery and outdoor recreation opportunities like hiking, paddling, and fishing at Cliffs of the Neuse State Park.

Life in Wayne County offers a blend of community-oriented living with access to amenities. Many residents own their homes, and the public schools are considered above average. Commuting to Raleigh is possible, though daily travel on major highways can involve significant traffic. The local economy is supported by diverse sectors, including manufacturing and agriculture. Recent economic developments include investments in manufacturing facilities, particularly in the production of power transformers and textiles. The presence of Seymour Johnson Air Force Base also significantly influences the local economy and community.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+2.8%

Above national median

Home Prices
-1.6%

Prices declining

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Seymour Johnson Air Force Base Military
    2,500+
  2. 2
    Goldsboro Milling Company Agriculture
  3. 3
    Wayne County Public Schools Education
    1,000+
  4. 4
    UNC Health Wayne Healthcare
  5. 5
    Case Farms Manufacturing
  6. 6
    Butterball Manufacturing
  7. 7
    Mount Olive Pickle Company Manufacturing
  8. 8
    Wayne Community College Education
  9. 9
    City of Goldsboro Government
  10. 10
    Maxwell Foods LLC Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Wayne County U.S. National

The Numbers

DEMOGRAPHICS
Population
117,480
-0.18% YoY
Median Household Income
$54,323
Median Home Value
$152,300
-1.62% 12mo
Median Rent
$899
Average Annual Pay
$49,087
+4.2% YoY
Employment
41,880
+1.7% YoY
Income-to-Home-Value
0.3567
More affordable than average
Migration Inflow
3.81%
of pop. from another state
Bachelor's Degree+
20.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$290,000
Days on Market
96
Slower market
Months of Supply
6.0
Buyer's market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
11.9%
Listings w/ Price Drops
17.8%
Building Permits (2024)
605
Single-Family Permits
583

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.7
per 100K · nat avg 6.3
Firearm Fatalities
15.9
per 100K · nat avg 14.8
Injury Deaths
97.9
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$2,296M
TOTAL
PROJECT AMOUNT STATUS
Lee Combined Cycle Plant (Natural Gas Plant)
Duke Energy Progress - (NC)
$1,068M Operating
Wayne County Energy Complex (Natural Gas Plant)
Duke Energy Progress - (NC)
$980M Operating
Prolec GE Goldsboro Facility Expansion
Prolec GE
$140M Under Construction
Pelsan Tekstil Manufacturing Facility
Pelsan Tekstil
$83M Planned
Community Solar Portfolio (5 projects)
Various (USF Essex Lessor, LLC, Lane Solar Farm LLC, Overman Solar, LLC, Wayne Solar III, LLC, Wayne Solar II, LLC)
$25M Operating

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

[07] Score Breakdown

GDP Growth +2.8% 52 percentile
Population Growth -0.2% 21 percentile
Income Growth +9.8% 77 percentile
Vacancy Rate 0.8% 77 percentile
Home Price Change -1.6% 17 percentile
Rent Growth 0.0% 11 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

Wayne County ranks #124 out of 996 U.S. counties on the Boom Town Index with a score of 88/100, putting it in the top tier nationally. Job growth of +1.7% and a median household income of $54,323 point to a county with active economic momentum.

Is Wayne County affordable?

By national standards, Wayne County is quite affordable. Homes here have a median value of $152,300, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $899/month. Residents can generally buy a home without being cost-burdened.

Is Wayne County growing or shrinking?

Employers in Wayne County are hiring — job growth of +1.7% — but the population is close to flat (-0.2% YoY). Home values moved -1.6% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Wayne County?

There's a moderate stream of newcomers. About 3.81% of residents moved from another state, which is above average and suggests Wayne County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Robeson County, NC 90 Columbus County, NC 86 Davidson County, NC 83 Alamance County, NC 81 Pitt County, NC 81 Stanly County, NC 96 Wayne County, OH 88 Dubuque County, IA 88