CostBy County

Cost of Living in Avery County, North Carolina

$773/mo
Median Monthly Rent
$265,800
Median Home Value

At a Glance

Median Monthly Rent
$773/mo
21% below state average
Median Home Value
$265,800
20% below national
Census GRAPI
25.7%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Avery County Compares

Median monthly rent comparison

Avery County$773/mo
North Carolina Average$977/mo
National Median$1,413/mo

Detailed Housing Stats

$773/mo
Median Gross Rent
$265,800
Median Home Value
$716/mo
Monthly Owner Cost
25.7%
Census GRAPI

National Ranking

Affordability Rank

Avery County ranks #805 of 3,142 counties for affordability (top 26%)

Most AffordableLeast Affordable

Sourced county brief

Avery County Median Home Value Reaches $265,800

Avery County had a median value for owner-occupied housing units of $265,800, according to ACS 5-year estimates. This figure is $30,488 higher than the North Carolina unweighted county mean of $235,312. Median selected monthly owner costs for all owner-occupied units were $716, which is $211 below the state unweighted county mean of $927. The median gross rent in the county was estimated at $773 per month, compared to the state unweighted mean of $977. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 25.7%, which is 3.2 percentage points lower than the state unweighted county mean of 28.9%. Median renter-household income was recorded as $39,118. These data points provide a descriptive snapshot of the county's housing-cost profile. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Avery County

Affordability Verdict

ACS B25071 estimates median gross rent at 25.7% of renter household income in Avery County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $773 per month; median selected monthly owner costs are $716. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $30,920 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The North Carolina unweighted mean of county median rents is $977 per month. Avery County's $773 median is 20.9% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Avery County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,433

per month

Owner Cost Burden

14.0%

of gross income

The median home in Avery County may be a stretch

Median home value is $265,800. Estimated monthly cost: $2,122 vs. your max of $1,433.

Rent Affordability Guide

Your entered rent as a share of entered income15.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $61,428Needed: $30,920
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $61,428Needed: $30,686
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $61,428Needed: $61,859

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Avery County, North Carolina?
Avery County, North Carolina has a median monthly rent of $773/mo and a median home value of $265,800. The affordability rating is Affordable, with median gross rent equal to approximately 25.7% of renter household income.
What is the median rent in Avery County?
The median gross rent in Avery County is $773/mo. This is 21% below state average for North Carolina.
Is Avery County affordable?
Avery County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 25.7%. Median gross rent is under 30% of renter household income.
How does Avery County's rent compare to the state average?
Avery County's median rent of $773/mo is 21% below state average of $977/mo for North Carolina.
What is the median home value in Avery County?
The median home value in Avery County, North Carolina is $265,800. This is 20% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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