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Morganton city, NC

ZIP 28655 — Housing & Real Estate

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

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28655

Median Home Value
$170,400
Median Rent
$621
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,095/mo PITI).

14%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

22.9 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 28655 in Morganton city, NC, a household would need roughly $47,000 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 $1,095. That sits below the local median household income ($53,464), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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
72.7%+11% vs US avg
x
Vacancy Rate
9.8%-5% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
47.2%+24% vs US avg
x
$170,400
Home Value
$621
Rent
1981
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached68.1%
  • 1-unit attached0.9%
  • 2-9 units8.8%
  • 10+ units2.5%
  • Mobile home & other19.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$170,400
Median rent$621
Owner-occupied72.7%
Vacant9.8%
Price-to-income3.2x
Est. income to buy$47,000