Quick facts: Denver, NC

Quick Facts

100.6
Cost of Living
above US average
13,030
Population
6.14
Crime Rate per 1000
below US average
$83,000
Median Income
above US average
$549,000
Median House Price
above US average
$2169.62
Average Rent
above US average
5%
Poverty Rate
below 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 $83,000.

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Income Needed to Buy

βœ— Stretch
$172k/year
Based on $549,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $172k vs median $83,000
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Income Needed to Rent

⚠ Stretch
$93k/year
Based on $2169.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $93k vs median $83,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Denver, NC

Denver, North Carolina, is a picturesque lakeside town located in the foothills of the Blue Ridge Mountains. Nestled on the eastern shore of Lake Norman, it offers a blend of rural charm and suburban amenities. Known for its scenic beauty, Denver is a popular spot for outdoor enthusiasts, providing various recreational activities such as boating, fishing, and hiking. The town features a friendly, close-knit community with a growing population, supported by a range of schools, parks, and local businesses. Denver's downtown area showcases quaint shops and restaurants, contributing to its vibrant local culture. Residents enjoy a high quality of life, benefiting from proximity to Charlotte, just a short drive away, which offers additional urban amenities, employment opportunities, and entertainment options. Denver also hosts numerous community events throughout the year, fostering a strong sense of community spirit. With its combination of natural beauty, recreational opportunities, and small-town charm, Denver, NC, is an appealing place to live, work, and play.

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