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Valdese

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

Median Home$192,833
Median Rent$691/month
Population4,685
Leading IndustriesRetail · Finance & Insurance · Information & Media19% retail
Home Value Growth⬆⬆⬆+46.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners74% of occupied units
Valdese
NC

Frequently Asked Questions

What are today's mortgage rates in Valdese?

As of today, the 30-year fixed mortgage rate for Valdese is approximately 7.029% (7.070% 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 Valdese?

The median home value in Valdese is $193k. The median monthly rent is $691. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Valdese?

Home values in Valdese have increased 46.9% 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 Valdese?

Based on a typical all-in ownership cost of $612/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Valdese is $58k/year.

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What industries drive the economy in Valdese?

The largest employment sectors in Valdese are public administration (24%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.