Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Speed area can be challenging. Home prices in Speed are now at a median cost of $158,512, lower than the North Carolina average of $323,314.
The average cost of rent is $681/mo in Speed, primarily driven by the current value of real estate in the Speed area. In Speed, 25.07% of households rent, and 51.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Speed is $6,809 per month. Households that rent pay about 10.00% of their income on rent here. Speed’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Penny Hill, NC: less expensive homes
- Lawrence, NC: equally priced homes
- Hobgood, NC: less expensive homes
- Palmyra, NC: less expensive homes
- Princeville, NC: less expensive homes
- Roseneath, NC: less expensive homes
- Tarboro, NC: equally priced homes
- Oak City, NC: less expensive homes
- Mildred, NC: less expensive homes
- Leggett, NC: less expensive homes
Cities with Similar Populations
- Schaffer, MI: higher priced homes
- Round Prairie, IL: less expensive homes
- Rouseville, PA: less expensive homes
- Ryder, ND: higher priced homes
- Sagetown, NY: equally priced homes
- San Ysidro, NM: higher priced homes
- Sandstone, WV: less expensive homes
- Sandtown, AR: less expensive homes
- Sandy Ridge, PA: higher priced homes
- Santa Monica, TX: less expensive homes
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