Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Drake area can be challenging. Home prices in Drake are now at a median cost of $149,153, lower than the North Carolina average of $226,477.
The average cost of rent is $630/mo in Drake, primarily driven by the current value of real estate in the Drake area. While nearly 51.57% of residents own their homes outright in Drake, 40.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $5,950 per month. Households that rent pay about 10.59% of their income on rent here. Drake's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Battleboro, NC: less expensive homes
- Whitakers, NC: less expensive homes
- Red Oak, NC: higher priced homes
- Salem, NC: equally priced homes
- Gold Rock, NC: less expensive homes
- Dortches, NC: equally priced homes
- Hilliardston, NC: less expensive homes
- Rocky Mount, NC: less expensive homes
- Glenview, NC: less expensive homes
- Taylors Store, NC: less expensive homes
Cities with Similar Populations
- Henlopen Acres, DE: higher priced homes
- Hasty, NC: less expensive homes
- Haylow, GA: less expensive homes
- Verdi, KS: higher priced homes
- Vega, GA: higher priced homes
- Heceta Beach, OR: higher priced homes
- Vanport, PA: higher priced homes
- Helen, WV: less expensive homes
- Helton, KY: less expensive homes
- Valcour, NY: less expensive homes
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