Ranlo, North Carolina Real Estate & Housing Market

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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%

A general overview of the Ranlo, NC real estate market is displayed above. The median home price for homes in Ranlo, NC is $109,000, which is 31% lower than the North Carolina average. This means that real estate in the Ranlo, NC area is generally more affordable than the rest of North Carolina. The median rent price in Ranlo, NC is $767 which is 6% lower than the North Carolina average. In Ranlo, NC, 66.0% of people are home owners and an average of 2.6 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Ranlo, NC. We make it easy to find Ranlo, NC real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

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%
Warsaw, NY	3,536	$96,300	48%
Bardonia, NY	3,536	$517,900	180%
Wyldwood, TX	3,536	$139,100	25%
Ranlo, NC	3,535	$109,000	41%

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