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These days, finding an affordable place to live in the Corolla area can be challenging. Home prices in Corolla are now at a median cost of $714,700, higher than the North Carolina average of $323,314.
The average cost of rent is $1,162/mo in Corolla, primarily driven by the current value of real estate in the Corolla area. In Corolla, 9.95% of households rent, and 37.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Corolla is $10,047 per month. Households that rent pay about 11.57% of their income on rent here. Corolla’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
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Cities with Similar Populations
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