The Most Affordable Neighborhoods in Stanhope, NC by Home Value

These days, finding an affordable place to live in the Stanhope area can be challenging. Home prices in Stanhope are now at a median cost of $113,800, lower than the North Carolina average of $323,314.

The average cost of rent is $870/mo in Stanhope, primarily driven by the current value of real estate in the Stanhope area. In Stanhope, 21.60% of households rent, and 48.44% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Stanhope is $6,809 per month. Households that rent pay about 12.78% of their income on rent here. Stanhope’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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