Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shannon area can be challenging. Home prices in Shannon are now at a median cost of $65,006, lower than the North Carolina average of $226,477.
The average cost of rent is $586/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. While nearly 72.63% of residents own their homes outright in Shannon, 24.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $2,508 per month. Households that rent pay about 23.36% of their income on rent here. Shannon's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Red Springs, NC: higher priced homes
- Lumber Bridge, NC: higher priced homes
- Rennert, NC: equally priced homes
- Rex, NC: higher priced homes
- Dundarrach, NC: higher priced homes
- Philadelphus, NC: higher priced homes
- Buie, NC: higher priced homes
- Wakulla, NC: higher priced homes
- Parkton, NC: higher priced homes
- Duffies, NC: higher priced homes
Cities with Similar Populations
- Halls, TN: higher priced homes
- Hardin, MT: higher priced homes
- Hanover, MN: higher priced homes
- Hamptonville, NC: higher priced homes
- Hampton, TN: higher priced homes
- Hampton, SC: higher priced homes
- Hampden, MA: higher priced homes
- Hammond, WI: higher priced homes
- Hamilton, VA: higher priced homes
- Hamilton, GA: higher priced homes
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