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City Report · NC

Advance

Pop. 1,408·84th most expensive in North Carolina·Rents have been falling, good time to negotiate
Median rent (all units)
$1,623/mo
Year-over-Year
Stable
Month-over-Month
-10.7%
vs US Median
-$342
Falling (Monthly)
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Most AffordableMost Expensive
Advance · $1,623
More affordable than 67% of US cities · National median $1,965/mo
Affordability
17% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,623/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$115,391/yr
Based on the 30%-of-income rule using Advance's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$990
2 BR
$1,160
3 BR
$1,520
4 BR+
$1,790
Research median
$1,160/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$19,476/yr
At $1,623/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -10.7% MoM), not inventory.
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Demographics

Who lives here

Advance, NC is majority owner-occupied, has a large share of families with children, has a median income above the national average, 47.2% of residents hold a bachelor's degree or higher.

Population
1,408
Median income
$115,391
Median age
41.1
Renters
19.9%
Age distribution
28.8%
16.3%
25.9%
13.5%
15.5%
Under 1828.8%
18–3416.3%
35–5425.9%
55–6413.5%
65+15.5%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
80.3%
White80.3%
Black9.7%
Hispanic1.9%
Asian2.1%
Other6%
Education (25+)
19.5%
33.3%
47.2%
HS diploma19.5%
Some college33.3%
Bachelor's+47.2%
Housing tenure
80.1%
19.9%
Owner80.1%
Renter19.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Advance, NC has changed in 5 years

Income
$95,845 → $115,391
up 20.4%
Population
1,471 → 1,408
down 4.3%
Renter share
6.6% → 19.9%
+13.3 pts
Bachelor's+
26.7% → 47.2%
+20.5 pts
Median age
36.5 → 41.1
+4.6 yrs

Median household income grew from $95,845 to $115,391 between 2021 and 2024, a 20.4% shift. Headcount in the area went from 1,471 to 1,408 between 2021 and 2024, a 4.3% change. About 19.9% of households rent today, against 6.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.7% to 47.2%.

Community

Discussions about Advance

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View Advance rent history (2015–2026) →
Salary vs rent

Can you afford rent in Advance on your salary?

At $1,623/mo, how Advance rent compares to typical pay (30% rule).

By apartment size

Advance rent by bedroom count

Median rent for each apartment size in Advance. Click any size for full breakdown.

Local insights

Tips for renters in Advance

About renting in Advance, NC

Last updated: June 22, 2026

The median rent in Advance is $1,623/mo as of June 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,520/mo.

At 17% of local median household income ($115,391/yr), Advance ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Advance an affordable city for renters?

Advance is considered very affordable for renters. At $1,623/mo, rent takes approximately 17% of the local median household income ($115,391/yr). The standard benchmark is 30%. Advance falls comfortably within that range.

How much income do you need to rent in Advance?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,623/mo in Advance. The local median household income is $115,391/yr, meaning the typical Advance household meets that threshold.

Is rent going up or down in Advance?

Rent in Advance has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Advance rent compare to other cities in North Carolina?

Advance is one of the more affordable cities in North Carolina for rent, ranking #84 out of 124 tracked cities at $1,623/mo.

Which nearby cities are cheaper to rent in than Advance?

Several nearby cities have lower median rents than Advance ($1,623/mo): Salisbury ($1,206/mo), Winston-Salem ($1,537/mo).

What percentage of Advance residents rent vs. own?

According to Census data, approximately 19.9% of Advance households are renters, while 80.1% are owner-occupied. Advance leans toward homeownership, which can mean a smaller rental inventory.

How does Advance rent compare to the national average?

Advance's median rent of $1,623/mo is $342 (17%) below the US national median of $1,965/mo. Within North Carolina, it ranks #84 out of 124 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $1,623/mo, rent takes ~17% of Advance's median household income ($115,391/yr). The standard benchmark is 30%.

Advance 17%Benchmark 30%
State income tax4.5%
Run the Advance affordability calculator →
Lowest-rent ZIP codes in Advance
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Advance, NC

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