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These days, finding an affordable place to live in the Westminster area can be challenging. Home prices in Westminster are now at a median cost of $156,769, lower than the North Carolina average of $323,314.
The average cost of rent is $1,577/mo in Westminster, primarily driven by the current value of real estate in the Westminster area. In Westminster, 6.48% of households rent, and 65.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Westminster is $4,887 per month. Households that rent pay about 32.27% of their income on rent here. Westminster’s most expensive areas are in the central 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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