Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$275,8560.0% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$59,800About 0.9× the local median income ($65,555): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.3%Zillow expects prices to stay about flat
The typical home in Rowan County, NC is worth $275,856, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $233,374, so the area is 18.2% overvalued. It is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 8% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 0.3% over the next year. A household needs about $59,800 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,555. Typical rent is $1,434 a month, or $1,810 for a house. In the latest IRS figures, 1,364 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$275,856
Change in 1 year
0.0%
Overvalued %
+18.2%
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Fair home value
$233,374
Change in 5 years
+22.4%
Zillow forecast, next 12 months
−0.3%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,495
Income needed to afford it
$59,800
Property tax rate
0.65%
Rent and investing
Typical rent
$1,434
Typical rent for houses
$1,810
Price-to-rent ratio
16.0×
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HUD Fair Market Rent, 2 bedrooms
$1,262
Gross rental yield
6.24%
Cap rate (estimate)
4.05%
Market activity
Listings vs a year ago
+8.5%
Days on market
64
Listings with a price cut
25.7%
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Homes for sale
597
Pending sales per 100 listings
39
Asking price per sq ft
$190
People and jobs
Median household income
$65,555
Population change (1 year)
+0.9%
Unemployment rate
5.3%
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Population
155,096
Income adjusted for cost of living
$67,374
Net moves in (IRS)
+1,364
Cost of living (US = 100)
97.3
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
82.9
Unhealthy air days a year
0
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Flood risk score
84.8
Wildfire risk score
47.7
Walkability (1 to 20)
6.3
Road, rail and air noise
54 dB
Questions people ask
Is Rowan County, NC overvalued?
Home prices in Rowan County, NC are well above what local incomes have historically supported: fair value is about $233,374, so the area is 18.2% overvalued.
Is Rowan County, NC a buyer's or seller's market?
Rowan County, NC is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 8% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Rowan County, NC?
Home values in Rowan County, NC are up 0.0% over the last year. Zillow's forecast for the next 12 months is −0.3%.
How much do you need to earn to buy a home in Rowan County, NC?
A household needs about $59,800 a year to afford the typical home in Rowan County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,555.