Quick facts: Roanoke rapids, NC

Quick Facts

100.6
Cost of Living
above US average
14,856
Population
53.92
Crime Rate per 1000
above US average
$45,732
Median Income
below US average
$164,900
Median House Price
above US average
$1163.89
Average Rent
below US average
18%
Poverty Rate
above US average
5.8%
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 $45,732.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $164,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $45,732
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Income Needed to Rent

⚠ Stretch
$50k/year
Based on $1163.89/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $50k vs median $45,732
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Roanoke rapids, NC

Roanoke Rapids is a charming city located in Halifax County, North Carolina. Nestled along the banks of the Roanoke River, it boasts a rich history and a welcoming small-town atmosphere. With a population of approximately 15,000 residents, Roanoke Rapids serves as a hub for surrounding communities, offering a blend of agriculture and industry. The city is known for its beautiful parks, including the popular Roanoke Rapids Lake and its regional recreational opportunities, such as fishing, boating, and hiking. Roanoke Rapids has a vibrant arts scene, highlighted by the historic Roanoke Rapids Theater, which hosts various entertainment events throughout the year. Education is a focal point in Roanoke Rapids, with access to well-regarded schools and local community colleges. The city’s location provides convenient access to larger urban centers like Raleigh and Greensboro, making it an ideal spot for those seeking a quieter lifestyle while staying connected to the hustle of city life. Overall, Roanoke Rapids offers a unique blend of nature, culture, and community spirit.

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