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McDowell County

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

Median Home$174,748
Median Rent$813/month
Population44,817
Leading IndustriesRetail · Public Administration · Manufacturing23% retail
Home Value Growth⬆⬆⬆+31.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners76% of occupied units
McDowell County
NC

Frequently Asked Questions

What are today's mortgage rates in McDowell County?

As of today, the 30-year fixed mortgage rate for McDowell County is approximately 6.999% (7.025% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for McDowell County
What is the median home price in McDowell County?

The median home value in McDowell County is $175k. The median monthly rent is $813. Annual property taxes average $926. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McDowell County?

Home values in McDowell County have increased 31.6% 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 McDowell County?

Based on a typical all-in ownership cost of $678/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McDowell County is $57k/year.

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What industries drive the economy in McDowell County?

The largest employment sectors in McDowell County are public administration (26%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas