2020 Study: Most Affordable Places To Live in North Carolina
Standing where Camden Rd and Tremont Ave meet you will find this great view of Uptown.
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A new study from SmartAsset ranks the most affordable places to live in North Carolina. The sixth annual study weighed factors, including taxes, homeowners’ insurance, and home costs relative to the local median income. Places, where homeownership costs were lowest relative to the median income in each location, were considered the most affordable.
Check out the list below for additional detail on how the top places in North Carolina ranked:
| Rank | City | Avg. Closing Costs | Annual Property Tax | Annual Homeowner’s Insurance | Avg. Annual Mortgage Payment | Median Income | Affordability Index |
|---|---|---|---|---|---|---|---|
| 1 | Winterville, NC | $2,497 | $1,625 | $962 | $8,200 | $72,584 | 50.66 |
| 2 | Lewisville, NC | $2,629 | $1,743 | $1,142 | $9,733 | $77,449 | 46.04 |
| 3 | King, NC | $2,467 | $1,605 | $921 | $7,855 | $63,913 | 45.91 |
| 4 | Sawmills, NC | $2,055 | $923 | $656 | $5,597 | $44,401 | 45.69 |
| 5 | Half Moon, NC | $2,129 | $960 | $839 | $7,155 | $54,405 | 45.24 |
| 6 | Indian Trail, NC | $2,671 | $1,809 | $1,200 | $10,226 | $79,010 | 44.71 |
| 7 | Stokesdale, NC | $2,665 | $1,748 | $1,191 | $10,154 | $76,436 | 43.61 |
| 8 | Long View, NC | $2,243 | $887 | $536 | $4,568 | $35,987 | 43.43 |
| 9 | Unionville, NC | $2,267 | $1,649 | $1,184 | $10,093 | $74,706 | 43.39 |
| 10 | Nashville, NC | $2,397 | $1,426 | $826 | $7,042 | $54,505 | 43.33 |
To no surprise, Charlotte isn’t on there. Check out additional study details HERE!
Source: SmartAsset
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