Housing costs in Summerfield?
A typical home costs
$420,600, which is 24.4% more expensive than the national average of
$338,100 and 45.4% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Summerfield costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and close to the state average of
$1,110.
Can I afford Summerfield?
To live comfortably in Summerfield, North Carolina, a minimum annual income of
$80,640 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Summerfield?
Summerfield, NC is an affordable place to live. The cost of living in this suburb of Greensboro is lower than the national average and is even more budget-friendly when compared to nearby cities such as Winston-Salem and Durham. This makes it a great place for families who want to enjoy all the amenities of suburban life but don’t want to pay through the nose for it. Housing costs are especially low in Summerfield, with median home values hovering around $142,000. Average rent prices are also quite low, making it easier for people on a tight budget to find suitable housing. Other basic necessities like food and utilities are also reasonably priced, so overall Summerfield offers a great value for those looking for an affordable place to call home.