Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yadkin County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,679 | $265,624 | $242,182 |
| Price Trend (Annual %) | 270.3% | 9.9% | 8.2% |
| Median Gross Rent | $734 | $1,162 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 5.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yadkin County is about 26% lower than in North Carolina. Rent is about 37% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yadkin County, up about 270.3% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Yadkin County rose about 24.3% between 2015 and 2023, from $590 to $734. Over the same span, rent in North Carolina rose about 45.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Yadkin County.
Buying the median-priced home in Yadkin County costs roughly 22.3 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 Yadkin County. The price-to-rent ratio in North Carolina is about 19.1.
| Metric | Yadkin County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,679 | $265,624 | $242,182 |
| Median Household Income | $60,458 | $69,937 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yadkin County rose about 200.7%, while median household income rose about 59.6% between 2009 and 2023 — 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 | Yadkin County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 57.7% | 58.2% |
| Rental Rate | 19.9% | 29.2% | 31.3% |
| Vacancy Rate | 13.2% | 13.0% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Yadkin County has a homeownership rate of 66.9%, higher than the North Carolina average of 57.7%. Its housing vacancy rate is 13.2%, compared with 13.0% in North Carolina.
Housing Stock
| Metric | Yadkin County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.46 people | 2.54 people |
| Median Structure Built Year | 1983 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Yadkin County was built around 1983. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yadkin County, North Carolina.
What is the median home price in Yadkin County, North Carolina?
The median home price in Yadkin County, North Carolina is $196,679, lower than the North Carolina average of $265,624.
What is the average home price in Yadkin County, North Carolina?
The typical home price in %s, reported as the median sale price, is %s. 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 Yadkin County, North Carolina?
The median gross rent in Yadkin County, North Carolina is $734 per month, lower than the North Carolina average of $1,162.
What was the median gross rent in Yadkin County in 2020?
In 2020, the median gross rent in Yadkin County, North Carolina was $631 per month.
What is the price-to-rent ratio in Yadkin County, North Carolina?
The price-to-rent ratio in Yadkin County, North Carolina is about 22.3, meaning it would take roughly 22.3 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 Yadkin County.
Are home prices or rent rising faster in Yadkin County, North Carolina?
Both home prices and rent are rising in Yadkin County, up about 270.3% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yadkin County, North Carolina?
66.9% of households in Yadkin County, North Carolina own their home, higher than the North Carolina average of 57.7%.
What is the vacancy rate in Yadkin County, North Carolina?
The housing vacancy rate in Yadkin County, North Carolina is 13.2%, higher than the North Carolina average of 13.0%.