Myers Park, NC

Rent in Myers Park

Median Gross Rent

$1,856

Rent-to-Income Ratio

18.2%

Renter Share

14.1%

Avg Household Size

1.9

Median Rent by Bedrooms

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

2 Bedrooms: $1,829

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: 1.9%
$1,000-$1,500: 19.3%
$1,500-$2,000: 35.9%
$2,000-$2,500: 0.0%
$2,500+: 36.3%
No Cash Rent: 6.7%

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): 56.7%
20-30% (moderate): 8.2%
30-50% (cost-burdened): 16.7%
50%+ (severely cost-burdened): 11.8%
Not Computed: 6.7%

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: $250,001

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: 4.4%
$1,000-$1,500: 37.4%
$1,500-$2,000: 15.2%
$2,000-$2,500: 24.1%
$2,500+: 12.2%
No Cash Rent: 6.7%

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