Graham County, North Carolina Housing Market Prices
Graham 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 23% above the North Carolina median More expensive than 86% of counties in North Carolina$342,999
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Median rent 45% below the North Carolina median Among the top 3 cheapest counties in North Carolina$676
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Graham County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $342,999 | $278,288 | $248,835 |
| Price Trend (Annual %) | 120.2% | 9.3% | 7.5% |
| Median Gross Rent | $676 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Graham County is about 23% higher than in North Carolina. Rent is about 45% 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 Graham County, up about 120.2% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Graham County rose about 18.3% between 2015 and 2024, from $571 to $676. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Graham County.
Buying the median-priced home in Graham County costs roughly 42.3 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 Graham County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Graham County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $342,999 | $278,288 | $248,835 |
| Median Household Income | $49,669 | $72,438 | $80,455 |
| Price-to-Income Ratio | 6.9 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Graham County rose about 895.8%, while median household income rose about 73.1% 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 | Graham County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.3% | 58.3% | 58.5% |
| Rental Rate | 13.0% | 29.2% | 31.2% |
| Vacancy Rate | 32.7% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Graham County has a homeownership rate of 54.3%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 32.7%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Graham County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.6 | 5.5 |
The typical housing unit in Graham County was built around 1987. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 18.0 years on average.
Graham County, NC Housing Compared With Nearby Counties
How Graham County, NC compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Graham County, NC | 8,067 | $342,999 #1/2 | $676 #2/2 | 80.7% #1/2 |
| Blount County, TN | 139,333 | $334,999 | $1,090 | 77.0% |
Frequently Asked Questions
Common questions about the housing market in Graham County, North Carolina.
What is the median home price in Graham County, North Carolina?
The median home price in Graham County, North Carolina is $342,999, higher than the North Carolina average of $278,288.
What is the average home price in Graham County, North Carolina?
The typical home price in Graham County, North Carolina, reported as the median sale price, is $342,999. 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 Graham County, North Carolina?
The median gross rent in Graham County, North Carolina is $676 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Graham County in 2020?
In 2020, the median gross rent in Graham County, North Carolina was $529 per month.
What is the price-to-rent ratio in Graham County, North Carolina?
The price-to-rent ratio in Graham County, North Carolina is about 42.3, meaning it would take roughly 42.3 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 Graham County.
Are home prices or rent rising faster in Graham County, North Carolina?
Both home prices and rent are rising in Graham County, up about 120.2% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Graham County, North Carolina?
54.3% of households in Graham County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Graham County, North Carolina?
The housing vacancy rate in Graham County, North Carolina is 32.7%, higher than the North Carolina average of 12.5%.
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