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Affordable
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These days, finding an affordable place to live in the Red Oak area can be challenging. Home prices in Red Oak are now at a median cost of $252,733, lower than the North Carolina average of $323,314.
The average cost of rent is $809/mo in Red Oak, primarily driven by the current value of real estate in the Red Oak area. In Red Oak, 7.02% of households rent, and 51.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Oak is $8,522 per month. Households that rent pay about 9.49% of their income on rent here. Red Oak’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Drake, NC: less expensive homes
- Hilliardston, NC: less expensive homes
- Nashville, NC: less expensive homes
- Taylors Store, NC: less expensive homes
- Salem, NC: less expensive homes
- Rocky Mount, NC: less expensive homes
- Dortches, NC: less expensive homes
- Battleboro, NC: less expensive homes
- Matthews Crossroads, NC: less expensive homes
- Whitakers, NC: less expensive homes
Cities with Similar Populations
- Foxworth, MS: less expensive homes
- Newport, MN: higher priced homes
- Baltic, OH: equally priced homes
- Newark, TX: higher priced homes
- Fort Hall, ID: less expensive homes
- New London, NH: higher priced homes
- New London, MN: higher priced homes
- Basile, LA: less expensive homes
- Battle Mountain, NV: less expensive homes
- Bauxite, AR: less expensive homes
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