The Most Affordable Neighborhoods in Hamlet, NC by Home Value

These days, finding an affordable place to live in the Hamlet area can be challenging. Home prices in Hamlet are now at a median cost of $105,013, lower than the North Carolina average of $323,314.

The average cost of rent is $727/mo in Hamlet, primarily driven by the current value of real estate in the Hamlet area. In Hamlet, 37.94% of households rent, and 52.98% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hamlet is $3,612 per month. Households that rent pay about 20.12% of their income on rent here. Hamlet’s most expensive areas are in the northeastern 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.

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