High Point, North Carolina Housing Market Prices
High Point 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 61% below the North Carolina median$109,775
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Median rent 12% below the North Carolina median$1,077
Housing Market Overview
| Metric | High Point | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,775 | $278,288 | $248,835 |
| Price Trend (Annual %) | 0.7% | 9.3% | 7.5% |
| Median Gross Rent | $1,077 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in High Point is about 61% lower than in North Carolina. Rent is about 12% 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 High Point, up about 0.7% and 4.1% a year respectively. Rent is changing faster.
Median rent in High Point rose about 39.9% between 2015 and 2024, from $770 to $1,077. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in High Point.
Buying the median-priced home in High Point costs roughly 8.5 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 High Point. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | High Point | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,775 | $278,288 | $248,835 |
| Median Household Income | $62,315 | $72,438 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in High Point rose about 7.7%, while median household income rose about 42.0% 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 | High Point | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 58.3% | 58.5% |
| Rental Rate | 39.9% | 29.2% | 31.2% |
| Vacancy Rate | 7.0% | 12.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
High Point has a homeownership rate of 53.0%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 7.0%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | High Point | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in High Point was built around 1982. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in High Point, North Carolina.
What is the median home price in High Point, North Carolina?
The median home price in High Point, North Carolina is $109,775, lower than the North Carolina average of $278,288.
What is the average home price in High Point, North Carolina?
The typical home price in High Point, North Carolina, reported as the median sale price, is $109,775. 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 High Point, North Carolina?
The median gross rent in High Point, North Carolina is $1,077 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in High Point in 2020?
In 2020, the median gross rent in High Point, North Carolina was $871 per month.
What is the price-to-rent ratio in High Point, North Carolina?
The price-to-rent ratio in High Point, North Carolina is about 8.5, meaning it would take roughly 8.5 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 High Point.
Are home prices or rent rising faster in High Point, North Carolina?
Both home prices and rent are rising in High Point, up about 0.7% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in High Point, North Carolina?
53.0% of households in High Point, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in High Point, North Carolina?
The housing vacancy rate in High Point, North Carolina is 7.0%, lower than the North Carolina average of 12.5%.
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