The Most Affordable Neighborhoods in Hamilton, NC by Home Value

These days, finding an affordable place to live in the Hamilton area can be challenging. Home prices in Hamilton are now at a median cost of $85,686, lower than the North Carolina average of $323,314.

The average cost of rent is $693/mo in Hamilton, primarily driven by the current value of real estate in the Hamilton area. In Hamilton, 19.97% of households rent, and 74.79% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hamilton is $3,519 per month. Households that rent pay about 19.68% of their income on rent here. Hamilton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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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