Sherwood Forest / Iredell Heights, NC

Neighborhood

Rent in Sherwood Forest / Iredell Heights

Median Gross Rent

$1,383

Rent-to-Income Ratio

18.1%

Renter Share

31.6%

Avg Household Size

2.2

Median Rent by Bedrooms

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

1 Bedroom: $1,282
2 Bedrooms: $1,081
3 Bedrooms: $1,684

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: 17.6%
$1,000-$1,500: 45.1%
$1,500-$2,000: 27.5%
$2,000-$2,500: 7.8%
$2,500+: 0.0%
No Cash Rent: 1.9%

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): 54.2%
20-30% (moderate): 11.5%
30-50% (cost-burdened): 13.4%
50%+ (severely cost-burdened): 18.9%
Not Computed: 1.9%

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: $73,702

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: 29.3%
$1,000-$1,500: 63.9%
$1,500-$2,000: 4.8%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 1.9%

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

Nearby Neighborhoods in Sherwood Forest / Iredell Heights

Neighborhood

Iredell, NC

Sherwood Forest / Iredell Heights

Beverly Heights / Chipley Park

Meadow View / Wildwood Park

V Point / Turnersburg