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Rex

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

Median Home$69,200
Median Rent$835/month
Population43
Leading IndustriesRetail · Construction · Transportation26% retail
Home Value Growth-7.1% over 2 years
Family-Friendly28% of residentswell above average
Homeowners81% of occupied units
NotableTransit90/100 · excellent transit access
NotableAffordable Market$69k median home · lower cost than 98% of the country
Rex
NC

Frequently Asked Questions

What are today's mortgage rates in Rex?

As of today, the 30-year fixed mortgage rate for Rex is approximately 6.989% (7.032% 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 Rex?

The median home value in Rex is $69k. The median monthly rent is $835. Annual property taxes average $645. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rex?

Home values in Rex have decreased 7.1% over the past two years. Buyers may find more negotiating room in this market. 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 Rex?

Based on a typical all-in ownership cost of $488/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rex is $45k/year.

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What industries drive the economy in Rex?

The largest employment sectors in Rex are retail (26%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.