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Boone town, NC

ZIP 28607 — 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 28607

Median Home Value
$339,200
Median Rent
$939
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,179/mo PITI).

26%
Rent-to-Income Ratio

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

7.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.1 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 28607 in Boone town, NC, a household would need roughly $93,000 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 $2,179. That is about 111% above the local median household income ($44,132), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
50.0%-24% vs US avg
x
Vacancy Rate
24.4%+137% vs US avg
x
Broadband Access
89.5%+3% vs US avg
x
4+ Bedrooms
4.1%-73% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
50.4%+1% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$339,200
Home Value
$939
Rent
1987
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached55.5%
  • 1-unit attached1.3%
  • 2-9 units17.3%
  • 10+ units19.4%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$339,200
Median rent$939
Owner-occupied50.0%
Vacant24.4%
Price-to-income7.7x
Est. income to buy$93,000