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Norlina

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

Median Home$98,600
Median Rent$769/month
Population973
Leading IndustriesProfessional Services · Wholesale Trade · Retail3% professional services
Home Value Growth⬆⬆⬆+21.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners58% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$99k median home · lower cost than 92% of the country
Norlina
NC

Frequently Asked Questions

What are today's mortgage rates in Norlina?

As of today, the 30-year fixed mortgage rate for Norlina is approximately 7.171% (7.218% 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 Norlina?

The median home value in Norlina is $99k. The median monthly rent is $769. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norlina?

Home values in Norlina have increased 21.3% 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 Norlina?

Based on a typical all-in ownership cost of $682/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 Norlina is $43k/year.

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What industries drive the economy in Norlina?

The largest employment sectors in Norlina are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.