Housing decision brief
Surry County, NC Housing Market
Surry County screens as a below-state purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
30th lowest home value out of 100 North Carolina counties with data | 11th lowest rent out of 100
Median home value
$166,400
Purchase-price signal from Census ACS.
Median rent
$741/mo
Gross rent, including utilities where reported.
Monthly owner cost
$687/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.0x
Median home value divided by local household income.
Rent burden
27.0%
Below 30% usually screens as less pressured.
Rent vs own
$54/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$166,400 median home value is 19% below North Carolina county median
Lower rent
$741/mo is 14% below North Carolina county median
Rent burden below pressure line
27.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $54/mo below median rent before individual mortgage terms.
What to Check
Lower income base
$56,095 median income is 5% below North Carolina county median
Health context
Health score is 31.2 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Surry County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $166,400 | $205,300 | $281,900 | 19% favorable19% below North Carolina county median |
Median gross rent Lower usually helps affordability. | $741 | $860 | $1,163 | 14% favorable14% below North Carolina county median |
Monthly owner cost Lower usually helps affordability. | $687 | $832 | $1,672 | 17% favorable17% below North Carolina county median |
Median household income | $56,095 | $58,949 | $74,755 | 5% pressure5% below North Carolina county median |
Effective property-tax rate Lower usually helps affordability. | 0.62% | 1.00% | 1.02% | 38% favorable38% below North Carolina county median |
Rent burden Lower usually helps affordability. | 27.00% | 28.00% | N/A | Near state median27.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$26,455
Median income minus rent threshold.
Owner cushion
+$26,652
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Surry County offers affordable rental housing at a median of $741/month , about 15.9% of the typical household income here.
Rent vs own
At $741/month rent versus $687/month in owner costs, owning is roughly $54/month cheaper , a 7% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,640/year. For owner costs at the 28% rule, the required income is roughly $29,443/year. With a median household income of $56,095, most households can comfortably afford rent here. Notably, 27.0% of renter households in Surry County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within North Carolina, Surry County is less affordable than Person County by roughly 7% ($741/mo vs $796/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| McDowell County, NC | $168,300 | $741/mo | Same-state comparison near $168,300 home value and $741/mo rent. |
| Caldwell County, NC | $174,000 | $735/mo | Same-state comparison near $174,000 home value and $735/mo rent. |
| Burke County, NC | $170,500 | $805/mo | Same-state comparison near $170,500 home value and $805/mo rent. |
| Montgomery County, NC | $150,300 | $753/mo | Same-state comparison near $150,300 home value and $753/mo rent. |
| Rockingham County, NC | $156,000 | $789/mo | Same-state comparison near $156,000 home value and $789/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Surry County
Is Surry County affordable for buying a home?
Is renting or owning cheaper in Surry County?
How much income do you need for housing in Surry County?
What should I double-check before moving to Surry County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.