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Salvo

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

Median Home$442,600
Median Rent$1,057/month
Population254
Leading IndustriesEducation · Retail5% education
Home Value Growth⬆⬆+12.2% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners78% of occupied units
NotableAmenity Score87/100 · highly walkable area
NotableTransit90/100 · excellent transit access
Salvo
NC

Frequently Asked Questions

What are today's mortgage rates in Salvo?

As of today, the 30-year fixed mortgage rate for Salvo is approximately 6.920% (6.957% 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 Salvo?

The median home value in Salvo is $443k. The median monthly rent is $1,057. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salvo?

Home values in Salvo have increased 12.2% 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 Salvo?

Based on a typical all-in ownership cost of $1,133/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salvo is $60k/year.

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What industries drive the economy in Salvo?

The largest employment sectors in Salvo are public administration (18%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.