Quick facts: Rockingham, NC

Quick Facts

100.6
Cost of Living
above US average
91,957
Population
2.28
Crime Rate per 1000
below US average
$50,737
Median Income
below US average
$159,900
Median House Price
above US average
$1338.89
Average Rent
below US average
13%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,737.

🏠

Income Needed to Buy

βœ“ Affordable
$50k/year
Based on $159,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,737) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1338.89/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $50,737
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rockingham, NC

Rockingham, North Carolina, is a vibrant small city located in Richmond County in the southern part of the state. Known for its rich history and Southern charm, Rockingham offers a blend of rural and urban living. The city is home to approximately 8,000 residents and features a diverse community atmosphere. Rockingham's historical significance is highlighted by its proximity to various Civil War battlefields and historic sites. The downtown area showcases charming architecture, local shops, and eateries, perfect for those looking to experience local culture. Outdoor enthusiasts can enjoy places like the nearby Hinson Lake, which provides recreational opportunities such as fishing, hiking, and picnicking. The city also hosts various community events and festivals throughout the year, fostering a strong sense of community spirit. The local economy is supported by industries such as manufacturing, agriculture, and retail, with ongoing developments aimed at boosting growth and employment opportunities. Overall, Rockingham offers a peaceful, community-oriented lifestyle with access to both natural beauty and historical significance.

πŸ” Search & Compare Places

First Location πŸ“