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These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $235,209, lower than the North Carolina average of $323,314.
The average cost of rent is $812/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. In Hancock, 36.44% of households rent, and 37.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $6,023 per month. Households that rent pay about 13.48% of their income on rent here. Hancock’s most expensive areas are in the southern 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.
Nearby Cities
- Edenton, NC: higher priced homes
- Valhalla, NC: less expensive homes
- St. Johns, NC: equally priced homes
- Cisco, NC: less expensive homes
- Merry Hill, NC: less expensive homes
- Rockyhock, NC: less expensive homes
- Perrytown, NC: less expensive homes
- Goose Pond, NC: less expensive homes
- Westover, NC: less expensive homes
- Roper, NC: less expensive homes
Cities with Similar Populations
- Ryanville, WV: equally priced homes
- Grandin, MO: less expensive homes
- Happy Camp, CA: equally priced homes
- Hartsfield, GA: less expensive homes
- Herndon, AR: equally priced homes
- Higgins Lake, MI: less expensive homes
- Highland, VA: less expensive homes
- Hubbell, MI: less expensive homes
- Karlstad, MN: less expensive homes
- Grandfield, OK: less expensive homes
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