Similar to its nearby areas, it is significantly less expensive compared to the United States as a whole. Compared to the city of Raleigh, it's substantially less expensive.
Home prices
The median home in Mount Olive costs $87,400. This is roughly $1,300 (1%) lower compared to nearby areas.It is roughly $130,100 (59%) lower in comparison to the rest of the nation, and it is approximately $160,900 (64%) lower in comparison to the city of Raleigh.
Rents
Mount Olive's median rent is $715 a month. In comparison to nearby areas it is approximately $35 (5%) higher.In comparison to the country as a whole it is about $347 (32%) lower, and it is approximately $406 (36%) lower compared to the city of Raleigh.
Nearby places
Calypso
Calypso is about 3 miles southwest of Mount Olive. The housing prices there are a little less expensive. The cost of the median home in Calypso is $80,900, which works out to $6,500 (8%) lower than Mount Olive. Its rents are fairly similar. Calypso's median monthly rent is $732, which works out to $17 (2%) higher than Mount Olive.
Faison
Faison is roughly 6 miles southwest from Mount Olive. Its real estate prices are fairly similar. Faison's median home cost is $86,700, which is very similar to Mount Olive. The rent there is substantially less expensive. The median rent in Faison is $533 per month, which works out to $182 (34%) lower than Mount Olive.
Brogden
Brogden is roughly 7 miles north of Mount Olive. Its housing prices are a little less expensive. The median home price in Brogden is $82,700, which comes out to $4,700 (5%) lower than Mount Olive. Rent there is pretty similar. Brogden's median rent is $694 per month, which is $21 (3%) lower than Mount Olive.
Mar-Mac
Mar-Mac is approximately 9 miles north of Mount Olive. The real estate prices there are a bit more expensive. Mar-Mac's median home value is $128,200, which comes out to $40,800 (31%) higher than Mount Olive. Rents there are similar. The median rent in Mar-Mac is $699 per month, which comes out to $16 (2%) lower than Mount Olive.
Seven Springs
Seven Springs is roughly 11 miles east of Mount Olive. Its real estate prices are significantly less expensive. The median home in Seven Springs is valued at $65,000, which is $22,400 (34%) lower than Mount Olive. Rents there are similar. In Seven Springs the median monthly rent is $743, which works out to $28 (3%) higher than Mount Olive.
