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:$369,250
Avg Rent:$1,808/mo
Avg Price/Rent:17.1
North Carolina Housing Market Summary
20
Cities Analyzed
12
Favor Buying
0
Favor Renting
8
Toss-Up
Across North Carolina's 20 analyzed cities, the majority (12 cities) favor buying over renting. This suggests North Carolina generally offers good value for homebuyers.
The average home price in North Carolina is $369,250, with average rents at $1,808/month. This gives an average price-to-rent ratio of 17.1.
$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 | $425,000 | $1,900 | 18.6 | 7 yrs | Toss-up |
| Raleigh | $410,000 | $1,700 | 20.1 | 9 yrs | Toss-up |
| Greensboro | $355,000 | $2,000 | 14.8 | 5 yrs | Buy |
| Durham | $425,000 | $2,000 | 17.7 | 8 yrs | Toss-up |
| Winston-Salem | $355,000 | $1,800 | 16.4 | 3 yrs | Buy |
| Fayetteville | $395,000 | $2,050 | 16.1 | 5 yrs | Buy |
| Cary | $405,000 | $1,700 | 19.9 | 6 yrs | Toss-up |
| Wilmington | $325,000 | $1,850 | 14.6 | 3 yrs | Buy |
| High Point | $370,000 | $1,850 | 16.7 | 4 yrs | Buy |
| Concord | $340,000 | $1,900 | 14.9 | 4 yrs | Buy |
| Asheville | $405,000 | $1,650 | 20.5 | 7 yrs | Toss-up |
| Greenville | $330,000 | $1,850 | 14.9 | 4 yrs | Buy |
| Gastonia | $350,000 | $1,800 | 16.2 | 6 yrs | Buy |
| Jacksonville | $335,000 | $1,850 | 15.1 | 5 yrs | Buy |
| Chapel Hill | $335,000 | $1,750 | 16.0 | 4 yrs | Buy |
| Huntersville | $325,000 | $1,850 | 14.6 | 4 yrs | Buy |
| Burlington | $410,000 | $1,800 | 19.0 | 9 yrs | Toss-up |
| Rocky Mount | $340,000 | $1,450 | 19.5 | 7 yrs | Toss-up |
| Kannapolis | $405,000 | $1,650 | 20.5 | 6 yrs | Toss-up |
| Hickory | $345,000 | $1,750 | 16.4 | 4 yrs | Buy |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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