Alamance County, North Carolina Housing Market Prices
Alamance County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% below the North Carolina median$238,268
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Median rent 13% below the North Carolina median$1,064
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alamance County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $238,268 | $278,288 | $248,835 |
| Price Trend (Annual %) | 14.4% | 9.3% | 7.5% |
| Median Gross Rent | $1,064 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alamance County is about 14% lower than in North Carolina. Rent is about 13% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alamance County, up about 14.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Alamance County rose about 43.0% between 2015 and 2024, from $744 to $1,064. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Alamance County.
Buying the median-priced home in Alamance County costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alamance County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Alamance County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $238,268 | $278,288 | $248,835 |
| Median Household Income | $66,483 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alamance County rose about 106.8%, while median household income rose about 44.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alamance County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 58.3% | 58.5% |
| Rental Rate | 31.8% | 29.2% | 31.2% |
| Vacancy Rate | 9.1% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Alamance County has a homeownership rate of 59.1%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 9.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Alamance County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Alamance County was built around 1985. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Alamance County, NC Housing Compared With Nearby Counties
Alamance County, NC is the 2nd largest of the 5 counties compared here, 176,834 residents against a local median of 120,886. Alamance County, NC sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 14% above the local median at $238,268 against $209,823. Alamance County, NC has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alamance County, NC | 176,834 | $238,268 #2/5 | $1,064 #4/5 | 65.0% #3/5 |
| Orange County, NC | 149,658 | $271,999 | $1,495 | 63.8% |
| Chatham County, NC | 80,150 | $194,860 | $1,179 | 80.6% |
| Guilford County, NC | 547,431 | $224,786 | $1,162 | 60.0% |
| Rockingham County, NC | 92,115 | $56,011 | $810 | 72.1% |
Frequently Asked Questions
Common questions about the housing market in Alamance County, North Carolina.
What is the median home price in Alamance County, North Carolina?
The median home price in Alamance County, North Carolina is $238,268, lower than the North Carolina average of $278,288.
What is the average home price in Alamance County, North Carolina?
The typical home price in Alamance County, North Carolina, reported as the median sale price, is $238,268. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alamance County, North Carolina?
The median gross rent in Alamance County, North Carolina is $1,064 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Alamance County in 2020?
In 2020, the median gross rent in Alamance County, North Carolina was $822 per month.
What is the price-to-rent ratio in Alamance County, North Carolina?
The price-to-rent ratio in Alamance County, North Carolina is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alamance County.
Are home prices or rent rising faster in Alamance County, North Carolina?
Both home prices and rent are rising in Alamance County, up about 14.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alamance County, North Carolina?
59.1% of households in Alamance County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Alamance County, North Carolina?
The housing vacancy rate in Alamance County, North Carolina is 9.1%, lower than the North Carolina average of 12.5%.
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