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China Grove town, NC

ZIP 28023 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28023

Median Home Value
$209,700
Median Rent
$756
Affordability Snapshot
$58,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,347/mo PITI).

15%
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.

23.1 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 28023 in China Grove town, NC, a household would need roughly $58,000 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 $1,347. That is roughly in line with the local median household income ($62,064). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
79.5%+22% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
2.1%-70% vs US avg
x
Rent Burden >30%
27.5%-45% vs US avg
x
Mortgage-Free
42.4%+11% vs US avg
x
$209,700
Home Value
$756
Rent
1979
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached75.2%
  • 1-unit attached0.4%
  • 2-9 units5.2%
  • 10+ units0.0%
  • Mobile home & other19.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$209,700
Median rent$756
Owner-occupied79.5%
Vacant7.1%
Price-to-income3.4x
Est. income to buy$58,000