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Ellerbe

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

Median Home$157,800
Median Rent$589/month
Population697
Leading IndustriesManufacturing · Finance & Insurance · Information & Media2% manufacturing
Home Value Growth⬆⬆+14.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners79% of occupied units
NotableAffordable Market$158k median home · lower cost than 71% of the country
Ellerbe
NC

Frequently Asked Questions

What are today's mortgage rates in Ellerbe?

As of today, the 30-year fixed mortgage rate for Ellerbe is approximately 7.069% (7.114% 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 Ellerbe?

The median home value in Ellerbe is $158k. The median monthly rent is $589. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ellerbe?

Home values in Ellerbe have increased 14.1% 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 Ellerbe?

Based on a typical all-in ownership cost of $624/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ellerbe is $59k/year.

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What industries drive the economy in Ellerbe?

The largest employment sectors in Ellerbe are public administration (27%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.