Home Price Key
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These days, finding an affordable place to live in the Ararat area can be challenging. Home prices in Ararat are now at a median cost of $132,935, lower than the North Carolina average of $226,477.
The average cost of rent is $595/mo in Ararat, primarily driven by the current value of real estate in the Ararat area. While nearly 41.04% of residents own their homes outright in Ararat, 20.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ararat is $4,561 per month. Households that rent pay about 13.04% of their income on rent here. Ararat's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Ash Hill, NC: equally priced homes
- Siloam, NC: higher priced homes
- Pilot Mountain, NC: higher priced homes
- Dobson, NC: equally priced homes
- Rockford, NC: equally priced homes
- Mount Airy, NC: equally priced homes
- Pinnacle, NC: higher priced homes
- Shoal, NC: higher priced homes
- Smithtown, NC: higher priced homes
- Burch, NC: equally priced homes
Cities with Similar Populations
- Lyons, OR: higher priced homes
- Urbana, IA: higher priced homes
- Jal, NM: less expensive homes
- South Boardman, MI: equally priced homes
- Lanai City, HI: higher priced homes
- Harrisville, MI: equally priced homes
- Golden Meadow, LA: less expensive homes
- Germansville, PA: higher priced homes
- Keego Harbor, MI: higher priced homes
- Kirkland, IL: higher priced homes
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