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Affordable
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These days, finding an affordable place to live in the Gates area can be challenging. Home prices in Gates are now at a median cost of $164,344, lower than the North Carolina average of $323,314.
The average cost of rent is $1,045/mo in Gates, primarily driven by the current value of real estate in the Gates area. In Gates, 23.88% of households rent, and 45.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gates is $5,319 per month. Households that rent pay about 19.64% of their income on rent here. Gates’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
- Willeyton, NC: equally priced homes
- Gatesville, NC: less expensive homes
- Eure, NC: higher priced homes
- Corapeake, NC: higher priced homes
- Sunbury, NC: higher priced homes
- Riverdale, VA: equally priced homes
- Delaware, VA: less expensive homes
- Camptown, VA: higher priced homes
- Franklin, VA: higher priced homes
- Como, NC: less expensive homes
Cities with Similar Populations
- Westmorland, CA: higher priced homes
- Avella, PA: higher priced homes
- Cherry Valley, MA: higher priced homes
- Del Norte, CO: higher priced homes
- Douglass, KS: higher priced homes
- Electra, TX: less expensive homes
- Farmersville, OH: higher priced homes
- Superior, AZ: equally priced homes
- Ganado, AZ: less expensive homes
- Reedsville, WV: higher priced homes
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