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Mitchell County Housing Market

North Carolina · 100 counties · Ranked #1926 in home value

Below National Avg

Housing at a Glance

Median Home Value

$202,100

vs national$202,100 vs $281,900 national

Median Gross Rent

$744/mo

vs national$744 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$58,089

vs national$58,089 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,014

Tax as % of Home Value

0.50%

Monthly Owner Cost

$595

Renter Income

$31,420

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Mitchell County?

The median home value in Mitchell County is $202,100. This is below the national median of $281,900.

How much is rent in Mitchell County?

The median gross rent in Mitchell County is $744 per month.

What is the property tax rate in Mitchell County?

The effective property tax rate in Mitchell County is 0.50%. The median annual property tax bill is $1,014.

Is Mitchell County affordable?

With a home-value-to-income ratio of 3.5x, Mitchell County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.