Salisbury, North Carolina Housing Market Prices
Salisbury 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 20% below the North Carolina median$222,101
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Median rent 14% below the North Carolina median$1,061
Housing Market Overview
| Metric | Salisbury | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,101 | $278,288 | $248,835 |
| Price Trend (Annual %) | 14.5% | 9.3% | 7.5% |
| Median Gross Rent | $1,061 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Salisbury is about 20% lower than in North Carolina. Rent is about 14% 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 Salisbury, up about 14.5% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Salisbury rose about 47.5% between 2015 and 2024, from $720 to $1,061. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Salisbury.
Buying the median-priced home in Salisbury costs roughly 17.4 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 Salisbury. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Salisbury | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,101 | $278,288 | $248,835 |
| Median Household Income | $55,218 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Salisbury rose about 248.2%, while median household income rose about 27.3% 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 | Salisbury | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.4% | 58.3% | 58.5% |
| Rental Rate | 43.1% | 29.2% | 31.2% |
| Vacancy Rate | 10.5% | 12.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Salisbury has a homeownership rate of 46.4%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 10.5%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Salisbury | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1974 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Salisbury was built around 1974. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Salisbury, North Carolina.
What is the median home price in Salisbury, North Carolina?
The median home price in Salisbury, North Carolina is $222,101, lower than the North Carolina average of $278,288.
What is the average home price in Salisbury, North Carolina?
The typical home price in Salisbury, North Carolina, reported as the median sale price, is $222,101. 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 Salisbury, North Carolina?
The median gross rent in Salisbury, North Carolina is $1,061 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Salisbury in 2020?
In 2020, the median gross rent in Salisbury, North Carolina was $832 per month.
What is the price-to-rent ratio in Salisbury, North Carolina?
The price-to-rent ratio in Salisbury, North Carolina is about 17.4, meaning it would take roughly 17.4 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 Salisbury.
Are home prices or rent rising faster in Salisbury, North Carolina?
Both home prices and rent are rising in Salisbury, up about 14.5% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Salisbury, North Carolina?
46.4% of households in Salisbury, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Salisbury, North Carolina?
The housing vacancy rate in Salisbury, North Carolina is 10.5%, lower than the North Carolina average of 12.5%.
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