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These days, finding an affordable place to live in the Oakboro area can be challenging. Home prices in Oakboro are now at a median cost of $264,968, lower than the North Carolina average of $323,314.
The average cost of rent is $995/mo in Oakboro, primarily driven by the current value of real estate in the Oakboro area. In Oakboro, 14.69% of households rent, and 41.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakboro is $5,618 per month. Households that rent pay about 17.72% of their income on rent here. Oakboro’s most expensive areas are in the northwestern 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
- Red Cross, NC: higher priced homes
- Frog Pond, NC: less expensive homes
- Stanfield, NC: higher priced homes
- Locust, NC: higher priced homes
- Bloomington, NC: less expensive homes
- New Salem, NC: higher priced homes
- Cottonville, NC: less expensive homes
- Olive Branch, NC: higher priced homes
- Porter, NC: less expensive homes
- Georgeville, NC: higher priced homes
Cities with Similar Populations
- Marion, MA: higher priced homes
- Meraux, LA: less expensive homes
- Memphis, IN: equally priced homes
- Melrose, MN: less expensive homes
- Medway, OH: less expensive homes
- Medford Lakes, NJ: higher priced homes
- McBain, MI: less expensive homes
- Massanetta Springs, VA: higher priced homes
- Mascot, TN: less expensive homes
- Martinsville, NJ: higher priced homes
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