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Carrboro

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

Median Home$511,182
Median Rent$1,691/month
Population20,743
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare38% public administration
Home Value Growth⬆⬆⬆+22.1% over 2 years
Young Adults36% of residentstop 5% nationally
Renters54% of occupied units
NotableHighly Educated29% bachelor's · 18% graduate · top 10% nationally
NotableAmenity Score71/100 · highly walkable area
Carrboro
NC

Frequently Asked Questions

What are today's mortgage rates in Carrboro?

As of today, the 30-year fixed mortgage rate for Carrboro is approximately 6.863% (6.898% 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 Carrboro?

The median home value in Carrboro is $511k. The median monthly rent is $1,691. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carrboro?

Home values in Carrboro have increased 22.1% 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 Carrboro?

Based on a typical all-in ownership cost of $1,646/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carrboro is $87k/year.

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What industries drive the economy in Carrboro?

The largest employment sectors in Carrboro are public administration (38%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.