Alexander County, North Carolina Housing Market Prices
Alexander 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 3% below the North Carolina median$270,833
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Median rent 38% below the North Carolina median Cheaper than 85% of counties in North Carolina$764
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alexander County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,833 | $278,288 | $248,835 |
| Price Trend (Annual %) | 8.9% | 9.3% | 7.5% |
| Median Gross Rent | $764 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alexander County is about 3% lower than in North Carolina. Rent is about 38% 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 Alexander County, up about 8.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Alexander County rose about 30.9% between 2015 and 2024, from $584 to $764. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Alexander County.
Buying the median-priced home in Alexander County costs roughly 29.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alexander County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Alexander County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,833 | $278,288 | $248,835 |
| Median Household Income | $64,655 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alexander County rose about 131.0%, while median household income rose about 47.4% 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 | Alexander County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.3% | 58.3% | 58.5% |
| Rental Rate | 16.8% | 29.2% | 31.2% |
| Vacancy Rate | 12.9% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Alexander County has a homeownership rate of 70.3%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 12.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Alexander County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Alexander County was built around 1984. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Alexander County, NC Housing Compared With Nearby Counties
Alexander County, NC is the smallest of the 5 counties compared here, 36,412 residents against a local median of 128,142. Alexander County, NC's median home price, at $270,833, runs 25% above the $217,532 typical of the counties around it.
Median rent tells the same story from another angle: $764 against a local median of $990, 23% below it. The counties themselves spread $103,881 on median home price, so Alexander County, NC sits at one end of an already wide local range rather than apart from it. Alexander County, NC has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alexander County, NC | 36,412 | $270,833 #1/5 | $764 #4/5 | 80.7% #1/5 |
| Catawba County, NC | 163,556 | $224,804 | $965 | 72.2% |
| Iredell County, NC | 196,543 | $210,260 | $1,252 | 71.9% |
| Caldwell County, NC | 80,517 | $269,620 | $743 | 73.5% |
| Lincoln County, NC | 92,729 | $165,739 | $1,015 | 78.9% |
Frequently Asked Questions
Common questions about the housing market in Alexander County, North Carolina.
What is the median home price in Alexander County, North Carolina?
The median home price in Alexander County, North Carolina is $270,833, lower than the North Carolina average of $278,288.
What is the average home price in Alexander County, North Carolina?
The typical home price in Alexander County, North Carolina, reported as the median sale price, is $270,833. 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 Alexander County, North Carolina?
The median gross rent in Alexander County, North Carolina is $764 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Alexander County in 2020?
In 2020, the median gross rent in Alexander County, North Carolina was $690 per month.
What is the price-to-rent ratio in Alexander County, North Carolina?
The price-to-rent ratio in Alexander County, North Carolina is about 29.5, meaning it would take roughly 29.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alexander County.
Are home prices or rent rising faster in Alexander County, North Carolina?
Both home prices and rent are rising in Alexander County, up about 8.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alexander County, North Carolina?
70.3% of households in Alexander County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Alexander County, North Carolina?
The housing vacancy rate in Alexander County, North Carolina is 12.9%, higher than the North Carolina average of 12.5%.
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