The Most Affordable Neighborhoods in Mills River, NC by Home Value

 

Mills River, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mills River area can be challenging. Home prices in Mills River are now at a median cost of $287,120, higher than the North Carolina average of $226,477.

The average cost of rent is $1,048/mo in Mills River, primarily driven by the current value of real estate in the Mills River area. While nearly 46.11% of residents own their homes outright in Mills River, 19.04% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mills River is $6,043 per month. Households that rent pay about 17.34% of their income on rent here. Mills River's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.


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