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Orrum

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

Median Home$80,200
Median Rent$790/month
Population51
Leading IndustriesConstruction · Information & Media · Agriculture & Mining9% construction
Home Value Growth⬆⬆+14.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$80k median home · lower cost than 97% of the country
Orrum
NC

Frequently Asked Questions

What are today's mortgage rates in Orrum?

As of today, the 30-year fixed mortgage rate for Orrum is approximately 6.979% (7.018% 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 Orrum?

The median home value in Orrum is $80k. The median monthly rent is $790. Annual property taxes average $713. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Orrum?

Home values in Orrum have increased 14.8% 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 Orrum?

Based on a typical all-in ownership cost of $675/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 Orrum is $35k/year.

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What industries drive the economy in Orrum?

The largest employment sectors in Orrum are public administration (24%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.