Much like the surrounding areas, it's a lot less expensive compared to the United States as a whole. Compared to the city of Charlotte, it's substantially less expensive.
Home prices
The median home price in Valdese is $118,700. This is about $1,240 (1%) lower compared to nearby areas.It is approximately $98,800 (45%) lower compared to the rest of the country, and compared to the city of Charlotte it is approximately $101,600 (46%) lower.
Rents
Valdese's median rent is $552 per month. This is approximately $80 (12%) lower compared to other places in this area.It is approximately $510 (48%) lower compared to the entire country, and in comparison to the city of Charlotte it is about $583 (51%) lower.
Nearby places
Rutherford College
Rutherford College is Valdese's neighbor to the east. Its real estate prices are a little more expensive. The median home in Rutherford College is valued at $162,500, which comes out to $43,800 (26%) higher than Valdese. The rent there is somewhat more expensive. The median monthly rent in Rutherford College is $608, which is $56 (9%) higher than Valdese.
Drexel
Drexel is Valdese's neighbor to the west. Real estate prices there are fairly similar. The median home in Drexel is valued at $115,000, which comes out to $3,700 (3%) lower than Valdese. Rent there is somewhat more expensive. In Drexel the median rent is $677 a month, which comes out to $125 (18%) higher than Valdese.
Connelly Springs
Connelly Springs is approximately 3 miles east of Valdese. Housing prices there are somewhat less expensive. Connelly Springs's median home cost is $96,800, which is $21,900 (22%) lower than Valdese. Rent there is a bit more expensive. In Connelly Springs the median monthly rent is $621, which is $69 (11%) higher than Valdese.
Icard
Icard is approximately 5 miles southeast of Valdese. Real estate prices there are fairly similar. The median home price in Icard is $117,100, which is $1,600 (1%) lower than Valdese. Rent there is fairly similar. The median monthly rent in Icard is $578, which is $26 (4%) higher than Valdese.
Sawmills
Sawmills is approximately 5 miles northeast of Valdese. Its real estate prices are a bit less expensive. The median home price in Sawmills is $108,300, which works out to $10,400 (9%) lower than Valdese. Rents there are a bit more expensive. In Sawmills the median rent is $674 per month, which works out to $122 (18%) higher than Valdese.
