Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Balsam Grove area can be challenging. Home prices in Balsam Grove are now at a median cost of $105,189, lower than the North Carolina average of $226,477.
The average cost of rent is $659/mo in Balsam Grove, primarily driven by the current value of real estate in the Balsam Grove area. While nearly 84.76% of residents own their homes outright in Balsam Grove, 37.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Balsam Grove is $2,662 per month. Households that rent pay about 24.76% of their income on rent here. Balsam Grove's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Selica, NC: higher priced homes
- Wolf Mountain, NC: higher priced homes
- Quebec, NC: higher priced homes
- Lake Toxaway, NC: higher priced homes
- North Brevard, NC: higher priced homes
- Rosman, NC: higher priced homes
- Brevard, NC: higher priced homes
- Norton, NC: higher priced homes
- Sapphire, NC: higher priced homes
- Pisgah Forest, NC: higher priced homes
Cities with Similar Populations
- Spencer, MI: higher priced homes
- Gillham, AR: less expensive homes
- Branch, AR: less expensive homes
- Turner Crossroads, AL: equally priced homes
- Carr, NC: higher priced homes
- Jewett, IL: higher priced homes
- Troupsburg, NY: higher priced homes
- Tallassee, TN: higher priced homes
- Conesville, OH: equally priced homes
- Nordheim, TX: higher priced homes
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