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Ranlo Housing Information
| Index | Ranlo | North Carolina | National |
| Median home price | $109,000 | $157,100 | $184,700 |
| Median rent asked | $767 | $816 | $949 |
| Avg. people per household | 2.6 | 2.5 | 2.6 |
| Owner occupied households | 66.0% | 64.8% | 63.6% |
| Renter occupied households | 34.0% | 35.2% | 36.4% |
Ranlo Home Affordability
Home affordability can be a very important factor when determining where to purchase real estate in Ranlo, NC. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Ranlo, NC is $109,000 and the median household income is $40,031. This results in a home price to income ratio of 2.7x, which is 16% lower than the North Carolina average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Ranlo, NC are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Ranlo, 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% |
| Cherryville, NC | 5,901 | $113,300 | 39% |
| Ranlo, NC | 3,535 | $109,000 | 41% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Merton, WI | 3,535 | $411,800 | 123% |
| Hominy, OK | 3,535 | $62,900 | 66% |
| Wyldwood, TX | 3,536 | $139,100 | 25% |
| Marshall, IL | 3,536 | $91,400 | 51% |
| Warsaw, NY | 3,536 | $96,300 | 48% |
| Ranlo, NC | 3,535 | $109,000 | 41% |