Home prices
The median home cost in Drexel is $115,000. In comparison to the surrounding areas this is approximately $19,600 (14%) lower.It is approximately $102,500 (47%) lower compared to the rest of the nation, and it is roughly $105,300 (47%) lower compared to the city of Charlotte.
Rents
The median monthly rent in Drexel is $677. Compared to other places in this area it is about $59 (9%) higher.It is about $385 (36%) lower compared to the country as a whole, and in comparison to the city of Charlotte is about $458 (40%) lower.
Nearby places
Valdese
Valdese is Drexel's neighbor to the east. The housing prices there are fairly similar. The median home in Valdese is valued at $118,700, which is $3,700 (3%) higher than Drexel. The rent there is somewhat less expensive. Valdese's median monthly rent is $552, which comes out to $125 (22%) lower than Drexel.
Rutherford College
Rutherford College is approximately 4 miles east from Drexel. Real estate prices there are a little more expensive. The value of the median home in Rutherford College is $162,500, which is $47,500 (29%) higher than Drexel. The rent there is a bit less expensive. The median rent in Rutherford College is $608 a month, which works out to $69 (11%) lower than Drexel.
Morganton
Morganton is approximately 4 miles west from Drexel. Its housing prices are a little more expensive. Morganton's median home cost is $160,100, which works out to $45,100 (28%) higher than Drexel. Its rents are pretty similar. Morganton's median monthly rent is $685, which works out to $8 (1%) higher than Drexel.
Connelly Springs
Connelly Springs is about 5 miles east from Drexel. Housing prices there are a little less expensive. The median home value in Connelly Springs is $96,800, which comes out to $18,200 (18%) lower than Drexel. Its rents are a bit less expensive. Connelly Springs's median monthly rent is $621, which is $56 (9%) lower than Drexel.
Salem
Salem is roughly 6 miles southwest from Drexel. The housing prices there are a bit more expensive. Salem's median home value is $134,900, which comes out to $19,900 (14%) higher than Drexel. Its rents are a bit less expensive. The median rent in Salem is $622 a month, which is $55 (8%) lower than Drexel.
