The Most Affordable Neighborhoods in Mineral Springs-Rumble Road, Charlotte, NC by Home Value

 

Mineral Springs-Rumble Road, Charlotte, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mineral Springs-Rumble Road area can be challenging. Home prices in Mineral Springs-Rumble Road are now at a median cost of $150,348, lower than the Charlotte average of $273,615.

The average cost of rent is $1,336/mo in Mineral Springs-Rumble Road, primarily driven by the current value of real estate in the Mineral Springs-Rumble Road area. While nearly 26.80% of residents own their homes outright in Mineral Springs-Rumble Road, 65.01% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mineral Springs-Rumble Road is $4,837 per month. Households that rent pay about 27.62% of their income on rent here. Mineral Springs-Rumble Road's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.


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