2020 Study: Most Affordable Places To Live in North Carolina

We love SmartAsset. They do studies and make very complex findings easy to read and understand. A new study from SmartAsset ranks the most affordable places to live in North…

Nicole Weaver

Updated May 1, 2020 1:25 PM EDT

Standing where Camden Rd and Tremont Ave meet you will find this great view of Uptown.

We love SmartAsset. They do studies and make very complex findings easy to read and understand.

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