Alleghany County, North Carolina Housing Market
In Alleghany County, North Carolina, the median home value is $214,800, with a median monthly rent of $675. This places Alleghany County at #1252 nationally out of 3134 counties by median home value, and #54 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: $908
- Establishments: 298
- BLS QCEW, 2025
Housing Supply
- Single-family: 82
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,269 (avg $67,155)
- Outflow: 3,909 (avg $63,626)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Alleghany County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28675 | 261.5 | -1.93% | 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 Alleghany County Compares
| Metric | Alleghany County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $214,800 | $235,312 | $227,706 |
| Median Gross Rent | $675 | $976 | $968 |
| Owner Occupancy Rate | 74.4% | 71.8% | 73.3% |
| Price/Rent Ratio | 26.5 | 19.8 | 18.7 |
Market Analysis
The median home value in Alleghany County is 8.7% below the North Carolina state average and 5.7% below the U.S. national average. The median rent of $675/month is 30.8% below the state average.
With a price-to-rent ratio of 26.5, Alleghany County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Alleghany County has an owner-occupancy rate of 74.4%, 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 |
|---|---|---|---|
| Pepin County | Wisconsin | $214,800 | $869 |
| Pulaski County | Arkansas | $214,700 | $1,080 |
| Allen County | Indiana | $214,900 | $1,021 |
| Hart County | Georgia | $215,100 | $844 |
| Linn County | Iowa | $214,300 | $945 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Person County | $213,900 | $864 | 77.3% |
| Pamlico County | $216,800 | $752 | 82.9% |
| Alexander County | $211,800 | $764 | 80.7% |
| Davidson County | $219,100 | $901 | 74.4% |
| Hoke County | $219,300 | $1,089 | 73.0% |
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).