Quick facts: Mooresboro, NC

Quick Facts

100.6
Cost of Living
above US average
297
Population
151.52
Crime Rate per 1000
above US average
$39,375
Median Income
below US average
$115,000
Median House Price
above US average
$1162.5
Average Rent
below US average
20%
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 $39,375.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($39,375) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$50k/year
Based on $1162.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $50k vs median $39,375
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mooresboro, NC

Mooresboro is a small town located in Cleveland County, North Carolina. Situated in the foothills of the Appalachian Mountains, it provides a serene, rural atmosphere. The town covers a modest area and is characterized by its close-knit community and scenic landscapes. Mooresboro is primarily residential, with a blend of historic and newer homes. The area is surrounded by natural beauty, making it appealing for outdoor activities such as hiking and fishing. Nearby attractions include the picturesque Broad River and various parks. The town is conveniently located near larger cities like Shelby and Absher, where residents can access more extensive shopping, dining, and entertainment options. Mooresboro has a rich history tied to the region’s development, with a strong sense of local identity and pride among its citizens. Local schools and community organizations play a vital role in fostering a supportive environment for families. With its tranquil setting and community spirit, Mooresboro offers a quaint lifestyle away from the hustle and bustle of larger urban areas.

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