Lowell, North Carolina Real Estate & Housing Market

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Lowell Housing Information

Index	Lowell	North Carolina	National
Median home price	$122,100	$157,100	$184,700
Median rent asked	$688	$816	$949
Avg. people per household	2.7	2.5	2.6
Owner occupied households	68.1%	64.8%	63.6%
Renter occupied households	31.9%	35.2%	36.4%

The above shows an overview of the real estate market in Lowell, NC. Note how the median home price for Lowell, NC runs $122,100, which is 22% lower than the average property price for North Carolina. So you’re going to get real estate in Lowell, NC that is on-average more affordable than what you’ll find in the rest of North Carolina. As for rent, the median for Lowell, NC runs $688, which is comparatively 16% lower than the average rent for North Carolina. For Lowell, NC, about 68.1% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Lowell, NC offers a wide variety of real estate. To find your perfect home in Lowell, NC, filter your choice by price, location, and number of beds and baths using the search area above.

Lowell Home Affordability

When deciding where to purchase Lowell, NC real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Lowell, NC the median home price is $122,100 and $48,024 is the median household income. As a result, the home price to income ratio in Lowell, NC is 2.5x, which is 22% lower than the North Carolina average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Lowell, NC the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Lowell, NC.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Spencer Mountain, NC	0	$0	100%
High Shoals, NC	703	$92,500	50%
Bessemer City, NC	5,462	$96,200	48%
Kings Mountain, NC	11,053	$103,400	44%
Ranlo, NC	3,535	$109,000	41%
Lowell, NC	3,616	$122,100	34%

Cities with similar population

City, State	Population	Home Price	National Avg.
Mission Hills, CA	3,616	$351,300	90%
Willcox, AZ	3,617	$92,900	50%
Wheatland, CA	3,617	$211,900	15%
Cedar Springs, MI	3,617	$101,500	45%
Paulding, OH	3,615	$79,600	57%
Lowell, NC	3,616	$122,100	34%

Source: The Lowell, NC housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).