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Kannapolis

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

Median Home$270,203
Median Rent$1,267/month
Population58,240
Leading IndustriesFinance & Insurance · Information & Media6% finance & insurance
Home Value Growth⬆⬆+16.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners66% of occupied units
NotableAmenity Score68/100 · highly walkable area
Kannapolis
NC

Frequently Asked Questions

What are today's mortgage rates in Kannapolis?

As of today, the 30-year fixed mortgage rate for Kannapolis is approximately 6.919% (6.956% 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 Kannapolis?

The median home value in Kannapolis is $270k. The median monthly rent is $1,267. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kannapolis?

Home values in Kannapolis have increased 16.9% 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 Kannapolis?

Based on a typical all-in ownership cost of $1,245/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kannapolis is $72k/year.

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What industries drive the economy in Kannapolis?

The largest employment sectors in Kannapolis are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.