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Affordable
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These days, finding an affordable place to live in the Oak Island area can be challenging. Home prices in Oak Island are now at a median cost of $477,987, higher than the North Carolina average of $323,314.
The average cost of rent is $1,535/mo in Oak Island, primarily driven by the current value of real estate in the Oak Island area. In Oak Island, 9.33% of households rent, and 38.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Island is $7,320 per month. Households that rent pay about 20.98% of their income on rent here. Oak Island’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. James, NC: higher priced homes
- Caswell Beach, NC: higher priced homes
- Varnum, NC: less expensive homes
- Southport, NC: equally priced homes
- Varnamtown, NC: less expensive homes
- Bolivia, NC: less expensive homes
- Lennon Crossroads, NC: less expensive homes
- Bald Head Island, NC: higher priced homes
- Holden Beach, NC: higher priced homes
- Boiling Spring Lakes, NC: less expensive homes
Cities with Similar Populations
- Parkville, MO: equally priced homes
- Pelham, NY: higher priced homes
- Pelham, GA: less expensive homes
- Pea Ridge, AR: less expensive homes
- Pawcatuck, CT: less expensive homes
- Paulsboro, NJ: less expensive homes
- Pauls Valley, OK: less expensive homes
- Patterson, LA: less expensive homes
- Pascoag, RI: less expensive homes
- Parkville, PA: less expensive homes
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