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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 $252,571, lower than the North Carolina average of $323,314.
The average cost of rent is $1,263/mo in Northwest, primarily driven by the current value of real estate in the Northwest area. In Northwest, 12.86% of households rent, and 33.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northwest is $7,003 per month. Households that rent pay about 18.04% of their income on rent here. Northwest’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sandy Creek, NC: equally priced homes
- Phoenix, NC: less expensive homes
- Leland, NC: higher priced homes
- Hooper Hill, NC: less expensive homes
- Navassa, NC: less expensive homes
- Town Creek, NC: equally priced homes
- Belville, NC: higher priced homes
- Gooseneck, NC: less expensive homes
- Winnabow, NC: higher priced homes
- Delco, NC: less expensive homes
Cities with Similar Populations
- Jamestown, IN: less expensive homes
- Doolittle, TX: less expensive homes
- Drexel, NC: less expensive homes
- Elkhart, KS: less expensive homes
- Fosston, MN: less expensive homes
- Galway, NY: higher priced homes
- Gore, VA: higher priced homes
- Grindstone, PA: less expensive homes
- Hillsboro Beach, FL: higher priced homes
- Holcombe, WI: equally priced homes
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