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20 Oct 2017

4 of the most affordable places to live in North Carolina

With its scenic views and excellent employment opportunities, North Carolina attracts plenty of residents and is naturally one of the most populated U.S. states. This huge population also means there's high demand for affordable accommodation. If you're planning to move to North Carolina or have been envisaging the idea, it's crucial that you do proper research and know where to look. Luckily, there are some cities with a lower cost of housing than others. Here are some of the most affordable places to live in North Carolina.

Archdale


Archdale is one of the most affordable cities with the median home price at $132,600 and the average monthly mortgage payment at around $971 per month. Even if you're not planning to invest in a house at the moment, you'll be happy to find that the cost of renting an apartment in Archdale is a lot cheaper than in other cities in the U.S. The median apartment rent is now at about $664 per month while the national average is at $920. The cost of living in Archdale is also 9% lower than the state average, which makes it one of the most affordable places to live in North Carolina.

Belmont


Belmont is another excellent option if you're looking for an affordable place to stay. The cost of living in the city is 1% lower than the state average. The median home price is at around $152,000, which is 13% lower than the national average. You can find apartments to rent for around $746 per month on average, which is 19% lower than the national average. The best part is that this suburban city has plenty of scenic views and perfectly-manicured lawns that are a treat to the eyes.

Concord


The median home price in Concord is $167,800, which is 4% lower than the national average. You should be able to find apartments to rent for around $809 per month, which is 12% lower than the national average. Although the cost of housing in Concord is 7% lower than the national average, the cost of living is slightly more expensive than in other North Carolina states. But the affordable apartment rentals make this city highly desirable.

Wilmington


While real estate prices and cost of living in Wilmington is slightly higher than the 3 other choices, it makes it up with life quality. The city offers tons of amenities such as shopping centers, schools, public transit, fitness centers, entertainment facilities, etc. It’s also one of the best places to live for young families in North Carolina.

Its extensive public transit system will also allow you to save money on transport by opting to commute on foot, depending on where you live. Wilmington homes for sale are normally at around $224,100, which is very reasonable considering all the city has to offer.

These are four of the most affordable places to live in North Carolina mainly based on real estate prices and cost of living. Before deciding on a city to settle in, you can do your research on each of them and see which would be most ideal for you.
Category: Blog

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