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Lake Waccamaw

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

Median Home$240,800
Median Rent$817/month
Population1,364
Leading IndustriesPublic Administration · Manufacturing · Information & Media27% public administration
Home Value Growth⬆⬆+20.3% over 2 years
Retirees21% of residentsnear the national average
Homeowners74% of occupied units
NotableTransit84/100 · excellent transit access
Lake Waccamaw
NC

Frequently Asked Questions

What are today's mortgage rates in Lake Waccamaw?

As of today, the 30-year fixed mortgage rate for Lake Waccamaw is approximately 7.025% (7.066% 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 Lake Waccamaw?

The median home value in Lake Waccamaw is $241k. The median monthly rent is $817. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Waccamaw?

Home values in Lake Waccamaw have increased 20.3% 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 Lake Waccamaw?

Based on a typical all-in ownership cost of $806/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Waccamaw is $71k/year.

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What industries drive the economy in Lake Waccamaw?

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