Home Price Key
Affordable
Average
Expensive
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 $184,922, lower than the North Carolina average of $226,477.
The average cost of rent is $861/mo in Balsam, primarily driven by the current value of real estate in the Balsam area. While nearly 62.88% of residents own their homes outright in Balsam, 29.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Balsam is $5,424 per month. Households that rent pay about 15.87% of their income on rent here. Balsam's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Maggie Valley, NC: higher priced homes
- Cove Creek, NC: less expensive homes
- Waynesville, NC: higher priced homes
- East Laport, NC: higher priced homes
- Sylva, NC: equally priced homes
- Webster, NC: higher priced homes
- Lake Junaluska, NC: higher priced homes
- Airport, NC: less expensive homes
- Dillsboro, NC: higher priced homes
- Worley, NC: higher priced homes
Cities with Similar Populations
- Shoto, WI: less expensive homes
- Sprague, WA: less expensive homes
- Newtown, KY: higher priced homes
- New Freeport, PA: less expensive homes
- 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: higher priced homes
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