The Most Affordable Neighborhoods in Tar River, NC by Home Value

 

Tar River, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tar River area can be challenging. Home prices in Tar River are now at a median cost of $297,995, lower than the North Carolina average of $323,314.

The average cost of rent is $995/mo in Tar River, primarily driven by the current value of real estate in the Tar River area. In Tar River, 12.76% of households rent, and 54.35% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tar River is $7,346 per month. Households that rent pay about 13.55% of their income on rent here. Tar River’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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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