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Light Oak

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

Median Home$221,700
Median Rent$887/month
Population683
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade8% construction
Home Value Growth⬆⬆⬆+23.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners80% of occupied units
Light Oak
NC

Frequently Asked Questions

What are today's mortgage rates in Light Oak?

As of today, the 30-year fixed mortgage rate for Light Oak is approximately 6.946% (6.984% 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 Light Oak?

The median home value in Light Oak is $222k. The median monthly rent is $887. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Light Oak?

Home values in Light Oak have increased 23.8% 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 Light Oak?

Based on a typical all-in ownership cost of $1,031/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Light Oak is $54k/year.

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What industries drive the economy in Light Oak?

The largest employment sectors in Light Oak are public administration (18%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.