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These days, finding an affordable place to live in the North Carolina area can be challenging. Home prices in North Carolina are now at a median cost of $323,314, lower than the the United States average of $419,293.
The average cost of rent is $1,317/mo in North Carolina, primarily driven by the current value of real estate in the North Carolina area. In North Carolina, 33.37% of households rent, and 38.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Carolina is $6,934 per month. Households that rent pay about 19.00% of their income on rent here. North Carolina’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- South Carolina: equally priced homes
- Virginia: higher priced homes
- West Virginia: less expensive homes
- District of Columbia: higher priced homes
- Georgia: equally priced homes
- Maryland: higher priced homes
- Kentucky: less expensive homes
- Delaware: higher priced homes
- Tennessee: equally priced homes
- Pennsylvania: less expensive homes
States with Similar Populations
- Tennessee: equally priced homes
- Maine: equally priced homes
- Massachusetts: higher priced homes
- Michigan: less expensive homes
- Minnesota: equally priced homes
- Mississippi: less expensive homes
- Puerto Rico: less expensive homes
- Rhode Island: higher priced homes
- South Dakota: less expensive homes
- Alaska: equally priced homes
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