Cabarrus County, North Carolina Housing Market Prices
Cabarrus 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 18% below the North Carolina median$227,299
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Median rent 15% above the North Carolina median More expensive than 94% of counties in North Carolina$1,414
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,299 | $278,288 | $248,835 |
| Price Trend (Annual %) | 6.1% | 9.3% | 7.5% |
| Median Gross Rent | $1,414 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cabarrus County is about 18% lower than in North Carolina. Rent is about 15% higher 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 Cabarrus County, up about 6.1% and 6.8% a year respectively. Rent is changing faster.
Median rent in Cabarrus County rose about 71.9% between 2015 and 2024, from $822 to $1,414. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Cabarrus County.
Buying the median-priced home in Cabarrus County costs roughly 13.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cabarrus County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,299 | $278,288 | $248,835 |
| Median Household Income | $88,863 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cabarrus County rose about 50.7%, while median household income rose about 54.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 58.3% | 58.5% |
| Rental Rate | 25.9% | 29.2% | 31.2% |
| Vacancy Rate | 10.1% | 12.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Cabarrus County has a homeownership rate of 64.0%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 10.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Cabarrus County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Cabarrus County was built around 1994. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Cabarrus County, NC Housing Compared With Nearby Counties
Cabarrus County, NC is the 3rd largest of the 6 counties compared here, 236,149 residents against a local median of 196,543. The measure that sets Cabarrus County, NC apart most is median home price: $227,299, 23% below the local median of $296,127.
The counties themselves spread $209,674 on median home price, so Cabarrus County, NC sits at one end of an already wide local range rather than apart from it. Cabarrus County, NC has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cabarrus County, NC | 236,149 | $227,299 #5/6 | $1,414 #3/6 | 71.2% #5/6 |
| Rowan County, NC | 149,851 | $250,144 | $1,013 | 72.3% |
| Stanly County, NC | 64,639 | $296,127 | $861 | 74.5% |
| Mecklenburg County, NC | 1,154,528 | $336,691 | $1,627 | 55.1% |
| Union County, NC | 250,888 | $419,934 | $1,495 | 81.6% |
| Iredell County, NC | 196,543 | $210,260 | $1,252 | 71.9% |
Frequently Asked Questions
Common questions about the housing market in Cabarrus County, North Carolina.
What is the median home price in Cabarrus County, North Carolina?
The median home price in Cabarrus County, North Carolina is $227,299, lower than the North Carolina average of $278,288.
What is the average home price in Cabarrus County, North Carolina?
The typical home price in Cabarrus County, North Carolina, reported as the median sale price, is $227,299. 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 Cabarrus County, North Carolina?
The median gross rent in Cabarrus County, North Carolina is $1,414 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Cabarrus County in 2020?
In 2020, the median gross rent in Cabarrus County, North Carolina was $965 per month.
What is the price-to-rent ratio in Cabarrus County, North Carolina?
The price-to-rent ratio in Cabarrus County, North Carolina is about 13.4, meaning it would take roughly 13.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cabarrus County.
Are home prices or rent rising faster in Cabarrus County, North Carolina?
Both home prices and rent are rising in Cabarrus County, up about 6.1% and 6.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Cabarrus County, North Carolina?
64.0% of households in Cabarrus County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Cabarrus County, North Carolina?
The housing vacancy rate in Cabarrus County, North Carolina is 10.1%, lower than the North Carolina average of 12.5%.
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