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Ellerbe town, NC

ZIP 28338 — 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 28338

Median Home Value
$161,200
Median Rent
$455
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,036/mo PITI).

9%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.5 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 28338 in Ellerbe town, NC, a household would need roughly $44,000 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 $1,036. That sits below the local median household income ($58,666), 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

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.7%+25% vs US avg
x
Vacancy Rate
17.3%+68% vs US avg
x
Broadband Access
85.3%-2% vs US avg
x
4+ Bedrooms
5.1%-65% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
13.4%-73% vs US avg
x
Mortgage-Free
52.9%+38% vs US avg
x
$161,200
Home Value
$455
Rent
1982
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached74.1%
  • 1-unit attached0.5%
  • 2-9 units2.8%
  • 10+ units0.0%
  • Mobile home & other22.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,200
Median rent$455
Owner-occupied81.7%
Vacant17.3%
Price-to-income2.7x
Est. income to buy$44,000