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Cullowhee CDP, NC

ZIP 28723 — 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 28723

Median Home Value
$308,800
Median Rent
$765
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,984/mo PITI).

21%
Rent-to-Income Ratio

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

7.1x
Home Price-to-Income Ratio

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

33.6 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 28723 in Cullowhee CDP, NC, a household would need roughly $85,000 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 $1,984. That is about 95% above the local median household income ($43,539), 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 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.5%-46% vs US avg
x
Vacancy Rate
31.3%+204% vs US avg
x
Broadband Access
68.6%-21% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
31.6%-36% vs US avg
x
Mortgage-Free
54.7%+43% vs US avg
x
$308,800
Home Value
$765
Rent
1994
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached52.8%
  • 1-unit attached2.6%
  • 2-9 units9.5%
  • 10+ units25.1%
  • Mobile home & other10.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$308,800
Median rent$765
Owner-occupied35.5%
Vacant31.3%
Price-to-income7.1x
Est. income to buy$85,000