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Asheboro

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

Median Home$181,387
Median Rent$846/month
Population28,267
Leading IndustriesFinance & Insurance · Education6% finance & insurance
Home Value Growth⬆⬆⬆+22.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners52% of occupied units
Asheboro
NC

Frequently Asked Questions

What are today's mortgage rates in Asheboro?

As of today, the 30-year fixed mortgage rate for Asheboro is approximately 7.017% (7.057% 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 Asheboro?

The median home value in Asheboro is $181k. The median monthly rent is $846. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Asheboro?

Home values in Asheboro have increased 22.8% 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 Asheboro?

Based on a typical all-in ownership cost of $879/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Asheboro is $54k/year.

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What industries drive the economy in Asheboro?

The largest employment sectors in Asheboro are public administration (21%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.