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Affordable
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These days, finding an affordable place to live in the Shoal area can be challenging. Home prices in Shoal are now at a median cost of $324,825, higher than the North Carolina average of $323,314.
The average cost of rent is $633/mo in Shoal, primarily driven by the current value of real estate in the Shoal area. In Shoal, 12.55% of households rent, and 62.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shoal is $6,260 per month. Households that rent pay about 10.11% of their income on rent here. Shoal’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Union Hill, NC: less expensive homes
- Smithtown, NC: less expensive homes
- Pinnacle, NC: less expensive homes
- Siloam, NC: less expensive homes
- Rockford, NC: less expensive homes
- East Bend, NC: less expensive homes
- Tobaccoville, NC: less expensive homes
- Ararat, NC: less expensive homes
- King, NC: less expensive homes
- Enon, NC: equally priced homes
Cities with Similar Populations
- Pipers Gap, VA: less expensive homes
- Pawnee Rock, KS: less expensive homes
- Pella, WI: less expensive homes
- Penfield, IL: less expensive homes
- Penn, MI: higher priced homes
- Perry Point, MD: less expensive homes
- Phillipsburg, GA: less expensive homes
- Phillipston, MA: higher priced homes
- Philrich, TX: less expensive homes
- Piasa, IL: less expensive homes
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