Woodlea, NC

Rent in Woodlea

Median Gross Rent

$1,131

Rent-to-Income Ratio

23.1%

Renter Share

41.9%

Median Renter Income

$68,313

Avg Household Size

2.1

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

2 Bedrooms: $1,021
3 Bedrooms: $1,137

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 16.1%
$1,000-$1,500: 77.7%
$1,500-$2,000: 2.9%
$2,000-$2,500: 1.0%
$2,500+: 0.0%
No Cash Rent: 2.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 20.4%
20-30% (moderate): 48.0%
30-50% (cost-burdened): 13.7%
50%+ (severely cost-burdened): 11.2%
Not Computed: 6.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $55,969
Renter Households: $68,313

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 73.4%
$1,000-$1,500: 23.4%
$1,500-$2,000: 1.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 2.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources