Quick facts: Randleman, NC

Quick Facts

100.6
Cost of Living
above US average
4,642
Population
30.59
Crime Rate per 1000
above US average
$63,040
Median Income
below US average
$299,000
Median House Price
above US average
$1044.41
Average Rent
below US average
10%
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 $63,040.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $63,040
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Income Needed to Rent

βœ“ Affordable
$45k/year
Based on $1044.41/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,040) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Randleman, NC

Randleman is a quaint city located in Randolph County, North Carolina, known for its small-town charm and sense of community. Nestled just a few miles southwest of Greensboro, it offers residents a peaceful lifestyle while being conveniently close to larger urban amenities. The city features a blend of historic sites, local shops, and recreational parks. Randleman is famous for its historic downtown area, where visitors can explore unique boutiques and eateries. The city is also home to the Randleman Lake, a popular destination for fishing, boating, and enjoying nature. The area is rich in outdoor activities, with numerous parks and trails nearby for hiking and picnicking. Education is prioritized in Randleman, served by the Randolph County School System, which provides quality education from elementary to high school levels. Randleman also hosts various community events throughout the year, fostering a strong sense of belonging among residents. Overall, Randleman, NC, is a lovely blend of nature, community spirit, and history, making it an attractive place to live and visit.

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