Quick facts: Holly springs, NC

Quick Facts

104.2
Cost of Living
above US average
45,945
Population
10.58
Crime Rate per 1000
below US average
$127,755
Median Income
above US average
$601,999
Median House Price
above US average
$1852.14
Average Rent
above US average
5%
Poverty Rate
below US average
3.4%
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 $127,755.

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Income Needed to Buy

βœ— Stretch
$189k/year
Based on $601,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $189k vs median $127,755
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Income Needed to Rent

βœ“ Affordable
$79k/year
Based on $1852.14/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($127,755) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Holly springs, NC

Holly Springs is a charming town located in Wake County, North Carolina, just a short drive from the bustling city of Raleigh. Known for its family-friendly atmosphere and high quality of life, Holly Springs has experienced rapid growth in recent years. The town boasts a mix of suburban and rural landscapes, with picturesque parks, greenway trails, and community spaces that encourage outdoor activities. Historically a small community, Holly Springs has transformed into a thriving residential area, attracting families and young professionals drawn to its good schools and vibrant community. The town hosts a variety of annual events, including festivals, farmers' markets, and cultural celebrations that foster a sense of community. Residents enjoy access to numerous amenities, including shopping centers, dining options, and recreational facilities. The town’s proximity to the Research Triangle Park offers additional employment opportunities and educational resources, making it ideal for those working in technology and research fields. Holly Springs combines the allure of a close-knit community with the conveniences of nearby urban centers, making it a desirable place to live in North Carolina.

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