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City Report · NC

Asheboro

Pop. 27,580·125th most expensive in North Carolina·Asheboro rents are up 18.4% over the past year
Median rent (all units)
$1,069/mo
Year-over-Year
+18.4%
Month-over-Month
+7.7%
vs US Median
-$896
Rising (Monthly)
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Most AffordableMost Expensive
Asheboro · $1,069
More affordable than 96% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,069/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$43,000/yr
Local median income
$47,197/yr
Based on the 30%-of-income rule using Asheboro's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$940
2 BR
$1,060
3 BR
$1,350
4 BR+
$1,520
Research median
$1,060/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: July 20, 2026

Annual cost
$12,828/yr
At $1,069/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 18.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+18.4% YoY, +7.7% MoM), not inventory.
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Demographics

Who lives here

Asheboro, NC is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 19.1% of residents hold a bachelor's degree or higher.

Population
27,580
Median income
$47,197
Median age
37.3
Renters
54.5%
Age distribution
25.1%
21.3%
26.3%
18.3%
Under 1825.1%
18–3421.3%
35–5426.3%
55–649%
65+18.3%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
57.9%
15.9%
27.6%
White57.9%
Black15.9%
Hispanic27.6%
Asian1.1%
Education (25+)
15.3%
32.3%
33.3%
19.1%
No HS diploma15.3%
HS diploma32.3%
Some college33.3%
Bachelor's+19.1%
Housing tenure
45.5%
54.5%
Owner45.5%
Renter54.5%

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

2021 vs 2026

How Asheboro, NC has changed in 5 years

Income
$40,571 → $47,197
up 16.3%
Population
26,729 → 27,580
up 3.2%
Renter share
52.1% → 54.5%
+2.4 pts
Bachelor's+
17.8% → 19.1%
+1.3 pts
Median age
35.5 → 37.3
+1.8 yrs

Household income in the area moved from $40,571 to $47,197 across the same window, up 16.3% versus 2021. Census counts show Asheboro, NC adding about 851 residents over the five-year window, up 3.2% on net. The renter share has risen from 52.1% to 54.5%, with owner-occupied housing accounting for the remainder.

Community

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

Can you afford rent in Asheboro on your salary?

At $1,069/mo, how Asheboro rent compares to typical pay (30% rule).

By apartment size

Asheboro rent by bedroom count

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

Local insights

Tips for renters in Asheboro

About renting in Asheboro, NC

Last updated: July 20, 2026

The median rent in Asheboro is $1,069/mo as of July 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,060/mo. One-bedroom apartments average $940/mo and 3-bedroom units go for $1,350/mo.

At 27% of local median household income ($47,197/yr), Asheboro ranks as affordable compared to the national benchmark of 30%. Rents have increased 18.4% over the past year.

FAQ

Frequently asked questions

Is Asheboro an affordable city for renters?

Asheboro is considered affordable for renters. At $1,069/mo, rent takes approximately 27% of the local median household income ($47,197/yr). The standard benchmark is 30%. Asheboro falls comfortably within that range.

How much income do you need to rent in Asheboro?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,069/mo in Asheboro. The local median household income is $47,197/yr, meaning the typical Asheboro household meets that threshold.

Is rent going up or down in Asheboro?

Rent in Asheboro has increased 18.4% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Asheboro is one of the more affordable cities in North Carolina for rent, ranking #125 out of 126 tracked cities at $1,069/mo.

What percentage of Asheboro residents rent vs. own?

According to Census data, approximately 54.5% of Asheboro households are renters, while 45.5% are owner-occupied. With a majority renter population, Asheboro has a strong rental market.

How does Asheboro rent compare to the national average?

Asheboro's median rent of $1,069/mo is $896 (46%) below the US national median of $1,965/mo. Within North Carolina, it ranks #125 out of 126 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,069/mo, rent takes ~27% of Asheboro's median household income ($47,197/yr). The standard benchmark is 30%.

Asheboro 27%Benchmark 30%
State income tax4.5%
Run the Asheboro affordability calculator →
Lowest-rent ZIP codes in Asheboro
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Asheboro, NC

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