The Most Affordable Neighborhoods in Northwest, NC by Home Value

 

Northwest, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Northwest area can be challenging. Home prices in Northwest are now at a median cost of $135,322, lower than the North Carolina average of $226,477.

The average cost of rent is $1,170/mo in Northwest, primarily driven by the current value of real estate in the Northwest area. While nearly 27.92% of residents own their homes outright in Northwest, 20.39% rent.

Housing affordability isn’t just about home prices, though. The average household income in Northwest is $4,345 per month. Households that rent pay about 26.93% of their income on rent here. Northwest's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.


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