Quick facts: Lowell, NC

Quick Facts

100.6
Cost of Living
above US average
3,765
Population
14.61
Crime Rate per 1000
below US average
$55,481
Median Income
below US average
$385,000
Median House Price
above US average
$1388.75
Average Rent
below US average
10%
Poverty Rate
below US average
3.2%
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 $55,481.

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Income Needed to Buy

βœ— Stretch
$121k/year
Based on $385,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $121k vs median $55,481
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Income Needed to Rent

⚠ Stretch
$60k/year
Based on $1388.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $60k vs median $55,481
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lowell, NC

Lowell is a charming small city located in Gaston County, North Carolina. It lies just a few miles west of Charlotte, making it part of the larger metropolitan area while still maintaining its small-town feel. With a rich history dating back to the 1800s, Lowell was originally a mill town, reflecting the industrial growth of the region. The city boasts a variety of parks and recreational opportunities, including the scenic Catawba River that provides areas for fishing, kayaking, and enjoying nature. The community is known for its friendly atmosphere, making it a great place for families and individuals seeking a close-knit environment. Local events and festivals often highlight the city's heritage, fostering a sense of community among residents. Lowell is also conveniently located near major highways, providing easy access to shopping, dining, and entertainment options in nearby cities. The educational needs of the community are served by the Gaston County Schools system, focusing on creating a strong foundation for students. Overall, Lowell combines a rich history with a vibrant community, making it a hidden gem in North Carolina.

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