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Alamance

Learn about the people, housing, costs and businesses in Alamance, North Carolina

Median Home$308,500
Median Rent$1,147/month
Population1,053
Leading IndustriesEducation · Retail · Manufacturing3% education
Home Value Growth⬆⬆+19.3% over 2 years
Retirees21% of residentsnear the national average
Homeowners82% of occupied units
NotableHigh Incomes$90k/year · top 25% nationally
Alamance
NC

Frequently Asked Questions

What are today's mortgage rates in Alamance?

As of today, the 30-year fixed mortgage rate for Alamance is approximately 6.920% (6.957% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alamance?

The median home value in Alamance is $309k. The median monthly rent is $1,147. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alamance?

Home values in Alamance have increased 19.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alamance?

Based on a typical all-in ownership cost of $989/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alamance is $90k/year.

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What industries drive the economy in Alamance?

The largest employment sectors in Alamance are public administration (20%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.