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Cherryville city, NC

ZIP 28021 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28021

Median Home Value
$196,300
Median Rent
$586
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,261/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28021 in Cherryville city, NC, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,261. That is roughly in line with the local median household income ($57,652). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.2%+14% vs US avg
x
Vacancy Rate
11.9%+15% vs US avg
x
Broadband Access
81.6%-6% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
46.6%+22% vs US avg
x
$196,300
Home Value
$586
Rent
1981
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.4%
  • 1-unit attached0.5%
  • 2-9 units7.0%
  • 10+ units0.5%
  • Mobile home & other18.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,300
Median rent$586
Owner-occupied74.2%
Vacant11.9%
Price-to-income3.4x
Est. income to buy$54,000