Cities in North Carolina with the Most Affordable Homes

The Top 3

#1

High Point, NC

Median Multiple of 2.9

#2

Fayetteville, NC

Median Multiple of 3.1

#3

Concord, NC

Median Multiple of 3.1

Largest Increase

10.4%

Gastonia, NC

Median Multiple from 2.9 to 3.2

Largest Decrease

-18.9%

High Point, NC

Median Multiple from 3.6 to 2.9

About the Rankings

The Census Bureau has released the latest estimates from the American Community Survey for all cities in North Carolina with a population of 60,000 or more with sufficient data to estimate the median multiple. We have crunched the numbers and the rankings are in. See the 14 places in North Carolina with the lowest median multiple below, and the highest median multiple places at the bottom of the list.

To determine housing affordability, we compare local home prices with local incomes. The median multiple answers the question, "how many years would it take for the median income to pay off the median home price?" Lower values indicate that incomes in the area are high enough to make it easier to pay off a home. Anything under 3 is considered affordable.

The North Carolina median multiple from the latest estimates is 3.2 and has fallen 0.7% from 3.3.

This year saw several big changes. High Point, NC rose from #8 to #1, Gastonia, NC fell from #1 to #4, Winston-Salem, NC rose from #7 to #5, Jacksonville, NC rose from #11 to #7, and Charlotte, NC fell from #4 to #8.

Gastonia, NC saw the biggest percentage increase in median multiple at 10.4%, and High Point, NC saw the largest percentage decrease at -18.9%.

The Complete List

#1
High Point, NC
Previously #8 at 3.6
2.9
   #2
Fayetteville, NC
Previously 3.1
3.1
   #3
Concord, NC
Previously 3.3
3.1
#4
Gastonia, NC
Previously #1 at 2.9
3.2
#5
Winston-Salem, NC
Previously #7 at 3.4
3.3
   #6
Greensboro, NC
Previously 3.4
3.3
#7
Jacksonville, NC
Previously #11 at 4.0
3.4
#8
Charlotte, NC
Previously #4 at 3.3
3.5
#9
Cary, NC
Previously #5 at 3.3
3.6
   #10
Raleigh, NC
Previously 3.8
3.7
#11
Greenville, NC
Previously #12 at 4.4
4.0
#12
Durham, NC
Previously #9 at 3.8
4.1
   #13
Asheville, NC
Previously 5.5
5.3
   #14
Wilmington, NC
Previously 6.1
5.4


Data from the U.S. Census Bureau American Community Survey 1-year estimates for 2017.

More North Carolina City Rankings