Much like its nearby areas, it is a lot less expensive compared to the United States as a whole. It's substantially less expensive compared to the city of Charlotte.
Home prices
Mount Gilead's median home cost is $104,200. This is approximately $4,060 (4%) higher in comparison to its surrounding areas.Compared to the US as a whole it is approximately $113,300 (52%) lower, and compared to the city of Charlotte it is approximately $116,100 (52%) lower.
Rents
Mount Gilead's median monthly rent is $725. Compared to the surrounding areas this is roughly $52 (7%) higher.It is roughly $337 (31%) lower in comparison to the rest of the nation, and in comparison to the city of Charlotte it is about $410 (36%) lower.
Nearby places
Norwood
Norwood is about 5 miles west of Mount Gilead. The real estate prices there are a little less expensive. The price of the median home in Norwood is $96,700, which comes out to $7,500 (7%) lower than Mount Gilead. Its rents are fairly similar. The median rent in Norwood is $739 per month, which comes out to $14 (1%) higher than Mount Gilead.
Ansonville
Ansonville is about 9 miles southwest of Mount Gilead. The housing prices there are a little less expensive. The median home in Ansonville is valued at $80,800, which works out to $23,400 (28%) lower than Mount Gilead. The rent there is somewhat more expensive. In Ansonville the median monthly rent is $822, which works out to $97 (11%) higher than Mount Gilead.
Troy
Troy is about 12 miles northeast from Mount Gilead. Housing prices there are pretty similar. Troy's median home price is $103,800, which is very similar to Mount Gilead. Rents there are a lot less expensive. The median monthly rent in Troy is $475, which comes out to $250 (52%) lower than Mount Gilead.
Albemarle
Albemarle is about 13 miles northwest of Mount Gilead. Its housing prices are somewhat more expensive. The median home cost in Albemarle is $119,000, which is $14,800 (12%) higher than Mount Gilead. Its rents are a bit less expensive. The median rent in Albemarle is $682 a month, which comes out to $43 (6%) lower than Mount Gilead.
Candor
Candor is about 14 miles northeast from Mount Gilead. Its housing prices are fairly similar. The cost of the median home in Candor is $100,400, which is $3,800 (3%) lower than Mount Gilead. Its rents are somewhat less expensive. Candor's median monthly rent is $645, which works out to $80 (12%) lower than Mount Gilead.
