Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cooleemee

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

Median Home$138,100
Median Rent$881/month
Population898
Leading IndustriesRetail · Construction28% retail
Home Value Growth⬆⬆+13.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners74% of occupied units
NotableTransit90/100 · excellent transit access
Cooleemee
NC

Frequently Asked Questions

What are today's mortgage rates in Cooleemee?

As of today, the 30-year fixed mortgage rate for Cooleemee is approximately 6.963% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Cooleemee
What is the median home price in Cooleemee?

The median home value in Cooleemee is $138k. The median monthly rent is $881. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cooleemee?

Home values in Cooleemee have increased 13.7% 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 Cooleemee?

Based on a typical all-in ownership cost of $807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cooleemee is $49k/year.

Calculate your buying power
What industries drive the economy in Cooleemee?

The largest employment sectors in Cooleemee are retail (28%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.