Cost of Living in Pender County, North Carolina

$1,072/mo
Median Monthly Rent
$267,100
Median Home Value
14% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,072/mo
14% above state average
Median Home Value
$267,100
5% below national
Rent-to-Income Ratio
30.0%
% of income spent on rent

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

Affordability Rating
Unaffordable
Rent over 50% of income

How Pender County Compares

Median monthly rent comparison

Pender County$1,072/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$1,072/mo
Median Gross Rent
$267,100
Median Home Value
$1,215/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Pender County, North Carolina

Pender County delivers best regional affordability

Pender County's 16.7% rent-to-income ratio beats both the national average and nearly every peer in the region, delivering genuine housing relief despite a median household income of $76,838—just above the national median. With median rents of $1,072, Pender offers a rare combination of strong income and modest housing burden.

Below state average, strong income profile

Pender County's 16.7% rent-to-income ratio sits below North Carolina's state average of 18.6%, and its $1,072 median rent is only 14% above the state median of $938. The county's median income of $76,838 exceeds most state peers, making Pender one of the region's most balanced markets.

Best value between coastal premium and rural discount

Pender's $1,072 median rent undercuts Orange ($1,387) and New Hanover ($1,343) by double digits while exceeding only Northampton ($749) and Pamlico ($909) among eight surveyed counties. With a median income exceeding most peers, Pender offers superior value for those seeking coastal proximity without premium pricing.

Ownership edge in Pender's balanced market

Pender renters spend $1,072 monthly while homeowners pay $1,215 on a median home value of $267,100, making ownership a long-term investment that builds equity faster. Housing consumes approximately 17% of a $76,838 median income, leaving substantial room for savings and financial flexibility.

Pender: the region's sweet spot

Pender County delivers the region's best combination of affordable rents, strong median income, and reasonable ownership costs, making it ideal for families and remote workers. If you're weighing coastal living against affordability, Pender offers the most balanced option in this eight-county comparison.

Affordability Calculator

See how your income compares to housing costs in Pender County

$

Rent Burden

16.7%

of gross income

Max Housing (28% Rule)

$1,793

per month

Owner Cost Burden

19.0%

of gross income

The median home in Pender County may be a stretch

Median home value is $267,100. Estimated monthly cost: $2,132 vs. your max of $1,793.

Rent Affordability Guide

Your rent-to-income ratio16.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Pender County, North Carolina?
Pender County, North Carolina has a median monthly rent of $1,072/mo and a median home value of $267,100. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Pender County?
The median gross rent in Pender County is $1,072/mo. This is 14% above state average for North Carolina.
Is Pender County affordable?
Pender County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Pender County's rent compare to the state average?
Pender County's median rent of $1,072/mo is 14% above state average of $938/mo for North Carolina.
What is the median home value in Pender County?
The median home value in Pender County, North Carolina is $267,100. This is 5% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.