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City Report · NC

Troutman

Pop. 3,995·29th most expensive in North Carolina·Troutman rents have dropped 8.6%, currently a renter's market
Median rent (all units)
$1,908/mo
Year-over-Year
-8.6%
Month-over-Month
-9.7%
vs US Median
-$57
Falling (Monthly)
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Most AffordableMost Expensive
Troutman · $1,908
More expensive than 53% of US cities · National median $1,965/mo
Rent Reality Score
71/100
Good value
OverheatedFairGreat value

Rents are 11% below what Troutman's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,908/mo
Expected by trend
$2,137/mo
The Rent Reality Score compares today's median rent to where Troutman's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,390
1 BR
$1,450
2 BR
$1,600
3 BR
$2,200
4 BR+
$2,690
Research median
$1,600/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
$22,896/yr
At $1,908/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.6% YoY, -9.7% MoM), not inventory.
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Demographics

Who lives here

Troutman, NC is majority owner-occupied, has a large share of families with children, has a median income above the national average, 41.4% of residents hold a bachelor's degree or higher.

Population
3,995
Median income
$98,462
Median age
35.8
Renters
19.4%
Age distribution
28.8%
18.7%
32.6%
Under 1828.8%
18–3418.7%
35–5432.6%
55–6410%
65+10%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
80%
White80%
Black10.5%
Hispanic7%
Asian2.3%
Education (25+)
25.9%
31.3%
41.4%
No HS diploma1.4%
HS diploma25.9%
Some college31.3%
Bachelor's+41.4%
Housing tenure
80.6%
19.4%
Owner80.6%
Renter19.4%

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

2021 vs 2026

How Troutman, NC has changed in 5 years

Income
$73,382 → $98,462
up 34.2%
Population
3,568 → 3,995
up 12.0%
Renter share
27.8% → 19.4%
-8.4 pts
Bachelor's+
37.3% → 41.4%
+4.1 pts
Median age
33.9 → 35.8
+1.9 yrs

Census figures show median household income at $98,462 today, compared with $73,382 five years earlier. Census counts show Troutman, NC adding about 427 residents over the five-year window, up 12.0% on net. The renter share has eased from 27.8% to 19.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 37.3% to 41.4% across the same window.

Community

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

Can you afford rent in Troutman on your salary?

At $1,908/mo, how Troutman rent compares to typical pay (30% rule).

By apartment size

Troutman rent by bedroom count

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

Local insights

Tips for renters in Troutman

About renting in Troutman, NC

Last updated: July 20, 2026

The median rent in Troutman is $1,908/mo as of July 2026. A studio apartment averages $1,390/mo while a 2-bedroom runs $1,600/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,200/mo.

At 23% of local median household income ($98,462/yr), Troutman ranks as affordable compared to the national benchmark of 30%. Rents have decreased 8.6% over the past year.

FAQ

Frequently asked questions

Is Troutman an affordable city for renters?

Troutman is considered very affordable for renters. At $1,908/mo, rent takes approximately 23% of the local median household income ($98,462/yr). The standard benchmark is 30%. Troutman falls comfortably within that range.

How much income do you need to rent in Troutman?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,908/mo in Troutman. The local median household income is $98,462/yr, meaning the typical Troutman household meets that threshold.

Is rent going up or down in Troutman?

Rent in Troutman has decreased 8.6% over the past year as of July 2026, offering some relief compared to 12 months ago.

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

Troutman is one of the pricier cities in North Carolina for rent, ranking #29 out of 126 tracked cities at $1,908/mo.

Which nearby cities are cheaper to rent in than Troutman?

Several nearby cities have lower median rents than Troutman ($1,908/mo): Mooresville ($1,621/mo), Statesville ($1,670/mo), Cornelius ($1,778/mo).

What percentage of Troutman residents rent vs. own?

According to Census data, approximately 19.4% of Troutman households are renters, while 80.6% are owner-occupied. Troutman leans toward homeownership, which can mean a smaller rental inventory.

How does Troutman rent compare to the national average?

Troutman's median rent of $1,908/mo is $57 (3%) below the US national median of $1,965/mo. Within North Carolina, it ranks #29 out of 126 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,908/mo, rent takes ~23% of Troutman's median household income ($98,462/yr). The standard benchmark is 30%.

Troutman 23%Benchmark 30%
State income tax4.5%
Run the Troutman affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Troutman, NC

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