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Affordable
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These days, finding an affordable place to live in the Folkstone area can be challenging. Home prices in Folkstone are now at a median cost of $291,765, lower than the North Carolina average of $323,314.
The average cost of rent is $1,601/mo in Folkstone, primarily driven by the current value of real estate in the Folkstone area. In Folkstone, 42.47% of households rent, and 16.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folkstone is $5,120 per month. Households that rent pay about 31.28% of their income on rent here. Folkstone’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thomas Landing, NC: higher priced homes
- Sneads Ferry, NC: higher priced homes
- North Topsail Beach, NC: higher priced homes
- Holly Ridge, NC: higher priced homes
- Fulcher Landing, NC: less expensive homes
- Surf City, NC: higher priced homes
- Camp Lejeune, NC: less expensive homes
- Peru, NC: less expensive homes
- Woodside, NC: higher priced homes
- Maple Hill, NC: less expensive homes
Cities with Similar Populations
- Downs, KS: less expensive homes
- Sodus Point, NY: less expensive homes
- Sibley, MO: equally priced homes
- Schaller, IA: less expensive homes
- Ford, VA: equally priced homes
- Farmington, IA: less expensive homes
- Fair Bluff, NC: less expensive homes
- Edgecomb, ME: higher priced homes
- East Bethany, NY: less expensive homes
- South Fork, MO: less expensive homes
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