Gates County, North Carolina Housing Market
In Gates County, North Carolina, the median home value is $170,800, with a median monthly rent of $1,143. This places Gates County at #1790 nationally out of 3134 counties by median home value, and #73 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: $895
- Establishments: 160
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,010 (avg $59,189)
- Outflow: 3,744 (avg $59,886)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Gates County Compares
| Metric | Gates County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $170,800 | $235,312 | $227,706 |
| Median Gross Rent | $1,143 | $976 | $968 |
| Owner Occupancy Rate | 80.9% | 71.8% | 73.3% |
| Price/Rent Ratio | 12.5 | 19.8 | 18.7 |
Market Analysis
The median home value in Gates County is 27.4% below the North Carolina state average and 25.0% below the U.S. national average. The median rent of $1,143/month is 17.1% above the state average.
With a price-to-rent ratio of 12.5, buying a home in Gates County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Gates County has an owner-occupancy rate of 80.9%, 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 |
|---|---|---|---|
| Bates County | Missouri | $170,800 | $786 |
| Upshur County | West Virginia | $170,800 | $886 |
| Fayette County | Ohio | $170,700 | $822 |
| DeWitt County | Texas | $170,900 | $921 |
| Colbert County | Alabama | $171,000 | $887 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Graham County | $170,600 | $676 | 80.7% |
| McDowell County | $171,100 | $806 | 75.6% |
| Wilkes County | $168,800 | $723 | 73.5% |
| Rockingham County | $168,600 | $810 | 72.1% |
| Tyrrell County | $164,500 | $644 | 77.8% |
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).