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Glen Raven

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

Median Home$202,283
Median Rent$882/month
Population3,264
Leading IndustriesRetail · Professional Services15% retail
Home Value Growth⬆⬆+15.9% over 2 years
Young Adults35% of residentswell above average
Homeowners56% of occupied units
Glen Raven
NC

Frequently Asked Questions

What are today's mortgage rates in Glen Raven?

As of today, the 30-year fixed mortgage rate for Glen Raven is approximately 6.973% (7.012% 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 Glen Raven?

The median home value in Glen Raven is $202k. The median monthly rent is $882. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glen Raven?

Home values in Glen Raven have increased 15.9% 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 Glen Raven?

Based on a typical all-in ownership cost of $1,009/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glen Raven is $54k/year.

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What industries drive the economy in Glen Raven?

The largest employment sectors in Glen Raven are public administration (25%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.