Rent vs Buy in North Carolina
Compare 20 cities across North Carolina. Find out whether renting or buying makes more financial sense in your area.
20cities analyzed
Avg Home:$348,713
Avg Rent:$1,605/mo
Avg Price/Rent:17.9
North Carolina Housing Market Summary
20
Cities Analyzed
0
Favor Buying
20
Favor Renting
0
Toss-Up
Across North Carolina's 20 analyzed cities, the majority (20 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of North Carolina.
The average home price in North Carolina is $348,713, with average rents at $1,605/month. This gives an average price-to-rent ratio of 17.9.
$Most Affordable Cities
$$Most Expensive Cities
All North Carolina Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Charlotte | $416,474.97 | $1,737.3 | 20.0 | N/A | Rent |
| Raleigh | $474,087.73 | $1,667.86 | 23.7 | N/A | Rent |
| Greensboro | $270,246.68 | $1,423.75 | 15.8 | N/A | Rent |
| Durham | $394,861.43 | $1,628.1 | 20.2 | N/A | Rent |
| Winston-Salem | $277,642.65 | $1,544.89 | 15.0 | N/A | Rent |
| Fayetteville | $227,591.35 | $1,421.66 | 13.3 | N/A | Rent |
| Cary | $474,087.73 | $1,667.86 | 23.7 | N/A | Rent |
| Wilmington | $435,002.11 | $1,676.95 | 21.6 | N/A | Rent |
| High Point | $270,246.68 | $1,423.75 | 15.8 | N/A | Rent |
| Asheville | $449,408.58 | $1,786.49 | 21.0 | N/A | Rent |
| Concord | $378,769.32 | $1,794.98 | 17.6 | N/A | Rent |
| Gastonia | $291,813.62 | $1,653.35 | 14.7 | N/A | Rent |
| Greenville | $239,751.73 | $1,490.82 | 13.4 | N/A | Rent |
| Hickory | $284,515.39 | $1,493.61 | 15.9 | N/A | Rent |
| Huntersville | $416,474.97 | $1,737.3 | 20.0 | N/A | Rent |
| Jacksonville | $280,737.48 | $1,483.41 | 15.8 | N/A | Rent |
| Kannapolis | $378,769.32 | $1,794.98 | 17.6 | N/A | Rent |
| Rocky Mount | $229,277.68 | $1,304.88 | 14.6 | N/A | Rent |
| Burlington | $287,192.03 | $1,453.28 | 16.5 | N/A | Rent |
| Chapel Hill | $497,298.79 | $1,913.61 | 21.7 | N/A | Rent |
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