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 $306,189, lower than the Charlotte average of $392,082.

The average cost of rent is $1,635/mo in Mineral Springs-Rumble Road, primarily driven by the current value of real estate in the Mineral Springs-Rumble Road area. In Mineral Springs-Rumble Road, 73.64% of households rent, and 27.20% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mineral Springs-Rumble Road is $6,165 per month. Households that rent pay about 26.52% of their income on rent here. Mineral Springs-Rumble Road’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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