The Most Affordable Neighborhoods in Gum Branch, NC by Home Value

 

Gum Branch, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gum Branch area can be challenging. Home prices in Gum Branch are now at a median cost of $243,220, lower than the North Carolina average of $323,314.

The average cost of rent is $2,037/mo in Gum Branch, primarily driven by the current value of real estate in the Gum Branch area. In Gum Branch, 4.38% of households rent, and 12.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gum Branch is $7,876 per month. Households that rent pay about 25.86% of their income on rent here. Gum Branch’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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