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Affordable
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These days, finding an affordable place to live in the Graphite area can be challenging. Home prices in Graphite are now at a median cost of $327,942, higher than the North Carolina average of $323,314.
The average cost of rent is $1,031/mo in Graphite, primarily driven by the current value of real estate in the Graphite area. In Graphite, 34.53% of households rent, and 50.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Graphite is $4,865 per month. Households that rent pay about 21.20% of their income on rent here. Graphite’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montreat, NC: higher priced homes
- Black Mountain, NC: higher priced homes
- Ridgecrest, NC: higher priced homes
- Summerhaven, NC: equally priced homes
- Swannanoa, NC: equally priced homes
- Old Fort, NC: less expensive homes
- Greenlee, NC: less expensive homes
- Busick, NC: less expensive homes
- Dillingham, NC: less expensive homes
- Moffitt Hill, NC: less expensive homes
Cities with Similar Populations
- Acme, MI: equally priced homes
- Ames, NE: less expensive homes
- Angora, MN: less expensive homes
- Arbor Vitae, WI: equally priced homes
- Arnoldsburg, WV: less expensive homes
- Ashford, WV: less expensive homes
- Assonet Bay Shores, MA: higher priced homes
- Bass Harbor, ME: higher priced homes
- Banco, VA: equally priced homes
- Peru, NC: less expensive homes
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