Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Balfour CDP, North Carolina?
City · Census ACS 5-Year estimates
The median gross rent in Balfour CDP, North Carolina is $591/month (±$306), based on Census ACS 5-Year estimates (2024). The median home value is $292,600 (±$34,524), and the median household income is $70,116/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Balfour CDP, North Carolina
| Metric | Value |
|---|---|
| Median Gross Rent | $591 |
| Median Home Value | $292,600 |
| Median Household Income | $70,116 |
| Total Housing Units | 464 |
| Renter-Occupied Units | 102 |
| Renter-Occupied Share | 22% |
| Households Paying 50%+ Income | 10 households |
How does Balfour CDP, North Carolina compare?
Median gross rent ranked against all cities in North Carolina.
Higher rent than 6% of cities in North Carolina · 576th of 614
| # | City | Value |
|---|---|---|
| 1 | Carolina Meadows CDP | $3,501 |
| 1 | Fearrington Village CDP | $3,501 |
| 3 | Wesley Chapel village | $3,191 |
| … 572 more … | ||
| 576 | Balfour CDP(you are here) | $591 |
| … 35 more … | ||
| 612 | Kenansville town | $384 |
| 613 | Robbinsville town | $364 |
| 614 | Elk Park town | $241 |
More data for Balfour CDP, North Carolina
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Frequently asked questions
What is the average rent in Balfour CDP, North Carolina?
The median gross rent in Balfour CDP, North Carolina is $591/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Balfour CDP, North Carolina?
The median rent for a 2-bedroom in Balfour CDP, North Carolina is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Balfour CDP, North Carolina?
The median home value in Balfour CDP, North Carolina is $292,600 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Balfour CDP are rent-burdened?
In Balfour CDP, North Carolina, 10 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Balfour CDP, North Carolina?
The median household income in Balfour CDP, North Carolina is $70,116/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $591 has a margin of error of ±$306. In very small areas, MOEs can be large relative to the estimate.
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