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Gates County

Learn about the people, housing, costs and businesses in Gates County County

Median Home$177,826
Median Rent$1,201/month
Population10,376
Leading IndustriesEducation · Finance & Insurance · Wholesale Trade3% education
Home Value Growth⬆⬆+12.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners81% of occupied units
NotableVeteran Community11% of residents · top 7% nationally
Gates County
NC

Frequently Asked Questions

What are today's mortgage rates in Gates County?

As of today, the 30-year fixed mortgage rate for Gates County is approximately 7.142% (7.171% 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 Gates County?

The median home value in Gates County is $178k. The median monthly rent is $1,201. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gates County?

Home values in Gates County have increased 12.7% 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 Gates County?

Based on a typical all-in ownership cost of $864/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gates County is $66k/year.

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What industries drive the economy in Gates County?

The largest employment sectors in Gates County are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas