Quick facts: Claremont, NC

Quick Facts

100.6
Cost of Living
above US average
1,715
Population
20.99
Crime Rate per 1000
below US average
$60,735
Median Income
below US average
$279,000
Median House Price
above US average
$1400.0
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,735.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $60,735
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Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1400.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,735) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Claremont, NC

Claremont, located in Catawba County, North Carolina, is a small city with a rich history and a tight-knit community. Situated about 30 miles northwest of Charlotte, it offers a tranquil suburban atmosphere while still being conveniently close to the amenities of a larger city. Known for its friendly residents and charming downtown area, Claremont features local shops, parks, and community events that foster a sense of belonging. The city is surrounded by beautiful natural landscapes, including nearby lakes and hiking trails, making it ideal for outdoor enthusiasts. Claremont is also home to several historical sites, reflecting its deep-rooted heritage. The local schools are part of the Catawba County Schools system, which is known for its commitment to providing quality education. With a population of around 1,200, Claremont maintains a small-town feel where community spirit thrives. Residents enjoy a slower pace of life, with access to recreational activities and family-friendly entertainment. Claremont exemplifies the charm of rural North Carolina, making it a hidden gem for those seeking a comfortable and welcoming environment.

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