Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ellerbe area can be challenging. Home prices in Ellerbe are now at a median cost of $99,192, lower than the North Carolina average of $226,477.
The average cost of rent is $558/mo in Ellerbe, primarily driven by the current value of real estate in the Ellerbe area. While nearly 43.98% of residents own their homes outright in Ellerbe, 21.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ellerbe is $4,043 per month. Households that rent pay about 13.80% of their income on rent here. Ellerbe's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Ledbetter, NC: higher priced homes
- Norman, NC: equally priced homes
- Ex-Way, NC: less expensive homes
- Rockingham, NC: higher priced homes
- Pee Dee, NC: equally priced homes
- Foxfire, NC: higher priced homes
- East Rockingham, NC: less expensive homes
- Marston, NC: higher priced homes
- Hoffman, NC: equally priced homes
- Dobbins Heights, NC: less expensive homes
Cities with Similar Populations
- West Townsend, MA: higher priced homes
- Port Aransas, TX: higher priced homes
- Moscow, TN: higher priced homes
- Mission, SD: less expensive homes
- Maurepas, LA: higher priced homes
- Livermore Falls, ME: equally priced homes
- La Porte City, IA: higher priced homes
- Honaker, VA: equally priced homes
- Shoshone, ID: higher priced homes
- Hanson, KY: higher priced homes
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