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These days, finding an affordable place to live in the Gloucester area can be challenging. Home prices in Gloucester are now at a median cost of $241,159, lower than the North Carolina average of $323,314.
The average cost of rent is $945/mo in Gloucester, primarily driven by the current value of real estate in the Gloucester area. In Gloucester, 19.41% of households rent, and 52.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gloucester is $4,831 per month. Households that rent pay about 19.55% of their income on rent here. Gloucester’s most expensive areas are in the eastern 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
- Marshallberg, NC: higher priced homes
- Straits, NC: higher priced homes
- Harkers Island, NC: higher priced homes
- Smyrna, NC: higher priced homes
- Williston, NC: less expensive homes
- Beaufort, NC: higher priced homes
- Otway, NC: higher priced homes
- Davis, NC: equally priced homes
- Bettie, NC: less expensive homes
- Stacy, NC: less expensive homes
Cities with Similar Populations
- Clarksburg, MO: less expensive homes
- Sunnycrest, OR: higher priced homes
- Sullivanville, NY: less expensive homes
- Stuckey, SC: less expensive homes
- Stringtown, OK: less expensive homes
- Stratton, TX: higher priced homes
- Story, AR: less expensive homes
- Elliottstown, IL: equally priced homes
- Cochran, TX: higher priced homes
- Swampers, LA: less expensive homes
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