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Ellenboro

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

Median Home$178,324
Median Rent$748/month
Population724
Leading IndustriesConstruction · Manufacturing · Retail5% construction
Home Value Growth⬆⬆+18.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners88% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Ellenboro
NC

Frequently Asked Questions

What are today's mortgage rates in Ellenboro?

As of today, the 30-year fixed mortgage rate for Ellenboro is approximately 7.015% (7.055% 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 Ellenboro?

The median home value in Ellenboro is $178k. The median monthly rent is $748. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ellenboro?

Home values in Ellenboro have increased 18.2% 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 Ellenboro?

Based on a typical all-in ownership cost of $586/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ellenboro is $56k/year.

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What industries drive the economy in Ellenboro?

The largest employment sectors in Ellenboro are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.