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These days, finding an affordable place to live in the Alamance area can be challenging. Home prices in Alamance are now at a median cost of $345,000, higher than the North Carolina average of $323,314.
The average cost of rent is $1,114/mo in Alamance, primarily driven by the current value of real estate in the Alamance area. In Alamance, 17.40% of households rent, and 30.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alamance is $7,096 per month. Households that rent pay about 15.70% of their income on rent here. Alamance’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellemont, NC: less expensive homes
- Burlington, NC: less expensive homes
- Elon, NC: equally priced homes
- Graham, NC: less expensive homes
- Whitsett, NC: less expensive homes
- Glen Raven, NC: less expensive homes
- Gibsonville, NC: less expensive homes
- Sedalia, NC: equally priced homes
- Swepsonville, NC: less expensive homes
- Snow Camp, NC: less expensive homes
Cities with Similar Populations
- Trout Lake, WA: higher priced homes
- Rocksprings, TX: less expensive homes
- Landers, CA: less expensive homes
- Dawley Corners, VA: higher priced homes
- Sightly, WA: higher priced homes
- Round Mountain, TX: higher priced homes
- Oshkosh, NE: less expensive homes
- Ashkum, IL: less expensive homes
- Wattensaw, AR: less expensive homes
- Crawford, NE: less expensive homes
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