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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Oak City, NC Housing Affordability Index

Oak City, North Carolina has an MBR Housing Affordability Index score of 211.3 (Highly Affordable) as of October 30, 2026, ranking 10th most affordable of 587 scored North Carolina cities, compared with 104.6 statewide and 97.4 nationally. On a median-priced $96,100 home with 20% down, the North Carolina average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $525, or 10% of the city’s $61,091 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Oak City is updated every night from live North Carolina mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Oak City MBR-HAI 211.3 Highly Affordable
Rank in North Carolina 10 of 587 1 = most affordable
North Carolina 104.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% North Carolina lenders
Median home value $96,100 U.S. Census Bureau

Oak City is 106.7 points above the North Carolina score. Scores as of October 30, 2026. See the North Carolina index

View Oak City Mortgage Rates

What It Takes to Buy in Oak City

$525/mo
Principal & Interest
Median home, 20% down, 7.26%
$22,500
Income Needed
To keep the payment at 28% of income
$61,091
Median Household Income
North Carolina: $72,388
1.6x
Price-to-Income Ratio
North Carolina: 4.0x
$694/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,100/yr
Median Property Tax
1.14% of median value
22.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
8.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Oak City, North Carolina. The rate is the North Carolina average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Oak City Ranks in North Carolina

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Cite the Oak City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Oak City, North Carolina score: 211.3 (Highly Affordable), ranked 10 of 587 North Carolina cities. monitorbankrates.com/housing-affordability-index/north-carolina/oak-city”