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Affordable
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These days, finding an affordable place to live in the Balsam area can be challenging. Home prices in Balsam are now at a median cost of $302,634, lower than the North Carolina average of $323,314.
The average cost of rent is $1,146/mo in Balsam, primarily driven by the current value of real estate in the Balsam area. In Balsam, 22.95% of households rent, and 54.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Balsam is $6,704 per month. Households that rent pay about 17.10% of their income on rent here. Balsam’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Maggie Valley, NC: equally priced homes
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- Sylva, NC: less expensive homes
- Webster, NC: equally priced homes
- Lake Junaluska, NC: higher priced homes
- Airport, NC: less expensive homes
- Dillsboro, NC: less expensive homes
- Worley, NC: equally priced homes
Cities with Similar Populations
- Shoto, WI: less expensive homes
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- Mount Vernon Club Place, CO: higher priced homes
- Kirkwood, DE: higher priced homes
- Smithfield, IL: less expensive homes
- Hale, MO: less expensive homes
- Olcott, NY: less expensive homes
- Harrodsburg, IN: less expensive homes
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