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ZIP 29116 — Housing & Real Estate

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

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29116

Median Home Value
$167,200
Median Rent
$656
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,074/mo PITI).

24%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

21.2 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 29116, a household would need roughly $46,000 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 $1,074. That is about 41% above the local median household income ($32,546), 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 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
36.8%-44% vs US avg
x
Vacancy Rate
21.9%+112% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
16.9%+32% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
39.7%-20% vs US avg
x
Mortgage-Free
48.7%+27% vs US avg
x
$167,200
Home Value
$656
Rent
1962
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached61.7%
  • 1-unit attached2.2%
  • 2-9 units34.2%
  • 10+ units0.0%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,200
Median rent$656
Owner-occupied36.8%
Vacant21.9%
Price-to-income5.1x
Est. income to buy$46,000