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La Grange town, NC

ZIP 28551 — 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 28551

Median Home Value
$119,700
Median Rent
$501
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$769/mo PITI).

11%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.9 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 28551 in La Grange town, NC, a household would need roughly $33,000 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 $769. That sits below the local median household income ($52,449), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.4%+9% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
10.4%-79% vs US avg
x
Mortgage-Free
46.9%+23% vs US avg
x
$119,700
Home Value
$501
Rent
1988
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached60.6%
  • 1-unit attached0.1%
  • 2-9 units6.2%
  • 10+ units1.4%
  • Mobile home & other31.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$119,700
Median rent$501
Owner-occupied71.4%
Vacant11.6%
Price-to-income2.3x
Est. income to buy$33,000