Similar to other places in this area, it is a little less expensive compared to the entire nation. It's a bit less expensive compared to the city of Charlotte.
Home prices
The median home in Oakboro costs $161,300. This is roughly $6,100 (3%) lower in comparison to the surrounding areas.It is about $56,200 (25%) lower compared to the nation as a whole, and is roughly $59,000 (26%) lower compared to the city of Charlotte.
Rents
In Oakboro the median monthly rent is $846. This is roughly $56 (7%) higher compared to its surrounding areas.In comparison to the entire nation it is approximately $216 (20%) lower, and in comparison to the city of Charlotte is about $289 (25%) lower.
Nearby places
Red Cross
Red Cross is Oakboro's neighbor to the northwest. Its housing prices are similar. Red Cross's median home value is $155,500, which is $5,800 (3%) lower than Oakboro. Rents there are substantially less expensive. Red Cross's median rent is $631 a month, which works out to $215 (34%) lower than Oakboro.
Stanfield
Stanfield is about 4 miles west from Oakboro. Its housing prices are a little more expensive. The median home in Stanfield is valued at $202,700, which comes out to $41,400 (20%) higher than Oakboro. Its rents are fairly similar. The median rent in Stanfield is $838 per month, which is very similar to Oakboro.
Locust
Locust is roughly 5 miles northwest of Oakboro. The housing prices there are a little more expensive. Locust's median home value is $171,600, which is $10,300 (6%) higher than Oakboro. The rent there is fairly similar. Locust's median monthly rent is $885, which comes out to $39 (4%) higher than Oakboro.
Midland
Midland is about 9 miles west of Oakboro. Housing prices there are a little more expensive. The median home in Midland is valued at $210,500, which comes out to $49,200 (23%) higher than Oakboro. Rent there is pretty similar. The median rent in Midland is $857 a month, which is $11 (1%) higher than Oakboro.
Norwood
Norwood is roughly 10 miles east of Oakboro. Real estate prices there are substantially less expensive. The median home in Norwood is valued at $96,700, which works out to $64,600 (66%) lower than Oakboro. Rents there are a little less expensive. In Norwood the median monthly rent is $739, which is $107 (14%) lower than Oakboro.
