Housing decision brief
Tyrrell County, NC Housing Market
Tyrrell 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.
21st lowest home value out of 100 North Carolina counties with data | 2nd lowest rent out of 100
Median home value
$138,400
Purchase-price signal from Census ACS.
Median rent
$612/mo
Gross rent, including utilities where reported.
Monthly owner cost
$663/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.1x
Median home value divided by local household income.
Rent burden
37.0%
At or above the 30% burden threshold.
Rent vs own
$51/mo
Median rent screens below owner cost.
Data confidence
2 notes
Home-value estimate has a $29,148 ACS margin of error.
What Works
Lower purchase price
$138,400 median home value is 33% below North Carolina county median
Lower rent
$612/mo is 29% below North Carolina county median
What to Check
Lower income base
$43,952 median income is 25% below North Carolina county median
Water quality cross-check
Water quality grade is D. Review water data before treating housing cost as the full story.
Health context
Health score is 37.7 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.
Wide home-value margin
The ACS margin of error on home value is $29,148, so exact rankings should be read as directional.
Best Fit For
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Buyers who will not investigate local water systems before moving
- 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 Tyrrell 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. | $138,400 | $205,300 | $281,900 | 33% favorable33% below North Carolina county median |
Median gross rent Lower usually helps affordability. | $612 | $860 | $1,163 | 29% favorable29% below North Carolina county median |
Monthly owner cost Lower usually helps affordability. | $663 | $832 | $1,672 | 20% favorable20% below North Carolina county median |
Median household income | $43,952 | $58,949 | $74,755 | 25% pressure25% below North Carolina county median |
Effective property-tax rate Lower usually helps affordability. | 0.89% | 1.00% | 1.02% | 11% favorable11% below North Carolina county median |
Rent burden Lower usually helps affordability. | 37.00% | 28.00% | N/A | 32% pressure37.00% 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
+$19,472
Median income minus rent threshold.
Owner cushion
+$15,538
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Tyrrell County is affordable for renters, with a median gross rent of $612/month representing approximately 16.7% of median household income. The rent burden (GRAPI) stands at 37.0%.
Rent vs own
The median rent in Tyrrell County is $612/month, while owner costs run $663/month. Renting saves approximately $51/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,480/year. For owner costs at the 28% rule, the required income is roughly $28,414/year. With a median household income of $43,952, most households can comfortably afford rent here. Notably, 37.0% of renter households in Tyrrell County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Caswell County where rent averages $699/month, Tyrrell County is approximately 12% less expensive.
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 |
|---|---|---|---|
| Graham County, NC | $155,800 | $581/mo | Same-state comparison near $155,800 home value and $581/mo rent. |
| Bladen County, NC | $125,800 | $752/mo | Same-state comparison near $125,800 home value and $752/mo rent. |
| Richmond County, NC | $120,800 | $744/mo | Same-state comparison near $120,800 home value and $744/mo rent. |
| Warren County, NC | $124,700 | $771/mo | Same-state comparison near $124,700 home value and $771/mo rent. |
| Bennett County, SD | $138,600 | $616/mo | Out-of-state peer near $138,600 home value and $616/mo rent. |
Data Confidence
- Home-value estimate has a $29,148 ACS margin of error.
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Tyrrell County
Is Tyrrell County affordable for buying a home?
Is renting or owning cheaper in Tyrrell County?
How much income do you need for housing in Tyrrell County?
What should I double-check before moving to Tyrrell County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.