Alexander County, North Carolina Housing Market
In Alexander County, North Carolina, the median home value is $211,800, with a median monthly rent of $764. This places Alexander County at #1281 nationally out of 3134 counties by median home value, and #56 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $876
- Establishments: 677
- BLS QCEW, 2025
Housing Supply
- Single-family: 103
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,134 (avg $62,849)
- Outflow: 13,474 (avg $62,915)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Alexander County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28678 | 245.1 | +14.28% | 2025 |
| 2 | 28630 | 238.2 | -0.14% | 2025 |
| 3 | 28681 | 244.8 | +7.78% | 2025 |
| 4 | 28601 | 216.2 | +2.62% | 2025 |
| 5 | 28625 | 232.2 | +3.15% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Alexander County Compares
| Metric | Alexander County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $211,800 | $235,312 | $227,706 |
| Median Gross Rent | $764 | $976 | $968 |
| Owner Occupancy Rate | 80.7% | 71.8% | 73.3% |
| Price/Rent Ratio | 23.1 | 19.8 | 18.7 |
Market Analysis
The median home value in Alexander County is 10.0% below the North Carolina state average and 7.0% below the U.S. national average. The median rent of $764/month is 21.7% below the state average.
With a price-to-rent ratio of 23.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Alexander County has an owner-occupancy rate of 80.7%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| St. James Parish | Louisiana | $211,800 | $903 |
| Sherman County | Oregon | $211,800 | $1,032 |
| Madison County | Tennessee | $211,800 | $1,123 |
| McMinn County | Tennessee | $211,800 | $803 |
| Yuma County | Colorado | $211,700 | $942 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Person County | $213,900 | $864 | 77.3% |
| Pitt County | $208,900 | $993 | 51.4% |
| Alleghany County | $214,800 | $675 | 74.4% |
| Swain County | $207,000 | $742 | 72.7% |
| Pamlico County | $216,800 | $752 | 82.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).