Quick facts: King, NC

Quick Facts

100.6
Cost of Living
above US average
7,425
Population
18.45
Crime Rate per 1000
below US average
$59,770
Median Income
below US average
$324,900
Median House Price
above US average
$1800.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $59,770.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $324,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $59,770
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $59,770
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for King, NC

King, North Carolina, is a charming small town located in Stokes County. With a population of around 7,500 residents, it offers a close-knit community feel combined with the beauty of the surrounding countryside. King is situated near the Yadkin River and is known for its scenic landscapes, making it a great spot for outdoor enthusiasts who enjoy hiking, fishing, and boating. The town has a rich history dating back to the early 19th century, and you can still find historic sites and remnants of its past. King features a mix of residential areas, local businesses, and parks, providing a comfortable suburban lifestyle. The downtown area boasts a variety of shops and restaurants, adding to its quaint charm. King is also conveniently located near larger cities such as Winston-Salem, making it easy for residents to access more urban amenities while enjoying the tranquility of small-town living. The local community is supportive, with various events and activities that foster a sense of togetherness. Overall, King offers a peaceful yet engaging environment for those looking to call it home.

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