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City · 16,762 residents · Stanly County, North Carolina

Albemarle , North Carolina

In Albemarle, a typical home is worth $204,800 and typical rent is $880 a month. Compared with all of Stanly County, typical household income is 23% lower, the typical home value is 16% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $204,800

    16% below the county

    29% below North Carolina

    • Albemarle
    • Stanly
    • North Carolina

  • Typical rent

    $880a month

    2% above the county

    28% below North Carolina

    • Albemarle
    • Stanly
    • North Carolina

  • Typical household income

    $46,881a year

    23% below the county

    35% below North Carolina

    • Albemarle
    • Stanly
    • North Carolina

  • Households that own their home

    56%

    18 points below the county

    10 points below North Carolina

    • Albemarle
    • Stanly
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$260,512
1.6% more than 12 months ago
Typical rent
$1,260 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Albemarle is in Stanly County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Stanly County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Albemarle apart

What this place has that others do not, from public data, most unusual first.

  1. 56% of households in Albemarle own their home, against 74% in Stanly County.

  2. The typical household income in Albemarle is $46,881, 23% less than in Stanly County as a whole ($60,704).

  3. The typical home in Albemarle is worth $204,800, 16% less than in Stanly County as a whole ($242,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Albemarle

What homes there are in Albemarle, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Albemarle (75%), but less so than in Stanly County (80%).

Year built

Homes in Albemarle are older: the typical year built is 1966; in Stanly County, 1976.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 98% of owner-occupied homes in Albemarle are worth less than the FHA loan limit for Stanly County ($541,287).

Monthly rent with utilities

About 63% of rented homes in Albemarle cost less than HUD's 2-bedroom fair market rent for Stanly County ($1,012); the rest cost more.

With a mortgage

$1,244 a month

Stanly County: $1,420 a month

Without a mortgage

$510 a month

Stanly County: $430 a month

Owners with a mortgage

58%

Stanly County: 54%

In Albemarle, 58% of owners have a mortgage, and their typical cost is $1,244 a month, against $1,420 in Stanly County. Without one it drops to $510.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Stanly County, the typical home value in Albemarle rose 72% since 2015–2019.

Since 2015–2019, the typical rent in Albemarle rose 29%, more than in Stanly County (22%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAlbemarleStanly CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate1.9%2.2%3.4%
People per household 2.382.492.442.53
Drive alone 78%78%72%69%
Carpool 12%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 8%10%16%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Albemarle look like those in Stanly County: 2.38 people on average.

In Albemarle, 78% of workers drive alone to work; in Stanly County, 78%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Albemarle?

A typical home costs more than the typical income allows

We start with a typical home in Albemarle, worth $204,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Albemarle, which is $46,881 a year. For that payment to be 28% of income, a household would need to earn about $70,895 a year.

The calculator's FHA and conventional loan limits are those of all of Stanly County.

Your numbers

Local data
$

Starts at the typical home value in Albemarle. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,168 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,654

at 7.18% · 30 years

Loan amount
$201,091
Total interest
$289,322
Paid off in
November 2056

Includes $3,459 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,094 a month

  • Tight

    $1,094 to $1,406 a month

  • Hard

    more than $1,406 a month

    Your payment · 42%

Compared with the typical household income in Albemarle ($46,881 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,654
Principal & interest$1,362
Property tax$116
Home insurance$85
FHA mortgage insurance (MIP)$91

You need at least $7,168 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Albemarle and Stanly County

Albemarle is in Stanly County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Albemarle's own numbers

Typical home value
$204,800
Typical monthly rent
$880
Typical yearly household income
$46,881
Households that own their home
56%
Effective property tax rate
0.68%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Stanly County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,012
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Stanly County.

Everything about Stanly County

Buying

Buying a home in Albemarle

A typical home in Albemarle is worth $204,800: 16% below the county and 29% below North Carolina. With the typical household income in Albemarle ($46,881 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Albemarle 4.4 years
  • Stanly 4.0 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Stanly County

According to FHFA’s house price index, home prices in Stanly County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Stanly County.

Period County North Carolina U.S.
Last year (2025) +1.0% +2.5% +2.9%
5 years (2020–2025) +63% +60% +47%
10 years (2015–2025) +105% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Albemarle next to Stanly County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Albemarle $204,800
  • Stanly $242,400
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Albemarle $880
  • Stanly $861
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Albemarle $46,881
  • Stanly $60,704
  • North Carolina $72,388
  • United States $80,734
See the full table
Albemarle next to Stanly County and North Carolina
Measure Albemarle Stanly County North Carolina U.S.
Typical home value $204,800 $242,400 $288,900 $332,700
Typical monthly rent $880 $861 $1,228 $1,413
Typical yearly household income $46,881 $60,704 $72,388 $80,734
Households that own their home 56% 74% 67% 65%
Typical yearly property tax $1,396 $1,385 $1,896 $3,119
Effective property tax rate 0.68% 0.57% 0.66% 0.94%
Renters with high rent for their income 57% 49% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Stanly County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Albemarle

For a typical $204,800 home in Albemarle, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Albemarle's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,654a month

    Least cash to close
    Down payment
    $7,168
    Cash to close
    $13,312
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $91

  • Conventional, 5% down $1,617a month

    Down payment
    $10,240
    Cash to close
    $16,384
    Rate
    7.18%
    Mortgage insurance
    PMI · $97

  • Conventional, 20% down, no PMI $1,311a month

    Down payment
    $40,960
    Cash to close
    $47,104
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,501a month

    Down payment
    $30,720
    Cash to close
    $36,864
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Albemarle and for Stanly County.

Property tax

Effective rate in Albemarle

0.68%of the home’s value each year

$1,396 a year for the typical owner in Albemarle.

  • Albemarle 0.68%
  • Stanly 0.57%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Stanly County

FEMA does not publish these numbers by city: they are for all of Stanly County.

Homes in the high-risk zone
0.3%
77
Of those, with NFIP insurance
31%
County North Carolina U.S.
Homes in the high-risk zone 0.3% 2.8% 3.5%
Of those, with NFIP insurance 31% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Albemarle

Typical rent in Albemarle is $880 a month: 2% above the county. In Albemarle, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Stanly County, by unit size. To pay the 2-bedroom one ($1,012 a month) without spending more than 30% of your income, you would need to earn $19.46 an hour working full time.

HUD fair market rent for all of Stanly County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $769 $14.79 $30,760
1 bedroom $774 $14.88 $30,960
2 bedrooms $1,012 $19.46 $40,480
3 bedrooms $1,388 $26.69 $55,520
4 bedrooms $1,447 $27.83 $57,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Albemarle

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Albemarle is in ZIP code 28001.

For 2 bedrooms it is $1,040: $28 more than the fair market rent for Stanly County ($1,012).

  • 28001 $1,040$1,430

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Albemarle when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Albemarle

HUD lists 16 buildings with rents for lower incomes in Albemarle. These are the largest.

  • Amhurst Gardens/Elizabeth Heights 405 Grigg St, Albemarle 28001 200 low-income homes · Run by City of Albemarle Department of Public Housing · Average payment: $378 a month · Average wait: 17 months · Homes at several sites (704) 984-9580
  • The Reserve 2000 Woodhaven Dr, Albemarle 28001 80 low-income homes · 1 bd: 12 · 2 bd: 48 · 3 bd: 20 · For families
  • Uwharrie Trail 1927 Hilco St, Albemarle 28001 80 low-income homes · 1 bd: 44 · 2 bd: 36 · In service since 2020 · For older adults
  • Albemarle Central School Apartments 219 E North St, Albemarle 28001 53 low-income homes · Studio: 6 · 1 bd: 41 · 2 bd: 6 · In service since 2016 · For older adults
  • Henson Place 710 Henson St, Albemarle 28001 48 low-income homes · 2 bd: 36 · 3 bd: 12 · In service since 2008 · For people with disabilities, families, people experiencing homelessness

See all 19 buildings in Stanly County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Albemarle

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Stanly County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Albemarle

No down payment, repair or rent-help program on our list is for Albemarle or Stanly County. The ones below are statewide in North Carolina: they work in Albemarle the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Albemarle

The HUD-approved agencies closest to the center of Albemarle, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Sandhills Community Action Program, Inc.

    217 S Main St Ste B, Troy · 17 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    910-606-4044-209

  • Prosperity Unlimited, Inc

    1660 Garnet St, Kannapolis · 24 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (704) 933-7405

  • Sandhills Community Action Program, Inc.

    205 W Morgan St, Wadesboro · 28 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    704-994-2306-210

All counseling agencies in North Carolina

Help in Spanish near Albemarle

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Albemarle

HUD’s record names them for Albemarle or Stanly County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • City of Albemarle Department of Public Housing Public housing and Section 8 vouchers (704) 984-9580

All housing agencies in North Carolina Source: HUD

Cities

Other cities in Stanly County

These cities are also in Stanly County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Stanly County Housing in North Carolina

Nearby cities

The cities closest to Albemarle, with the typical home value.

Neighboring counties

If Stanly County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Albemarle.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Albemarle

Short answers with the numbers for Albemarle and all of Stanly County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Albemarle?

The typical home value in Albemarle is $204,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Stanly County it is $242,400.

How much does it cost to rent in Albemarle?

Typical rent in Albemarle is $880 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Stanly County is $1,012.

What is the FHA loan limit in Albemarle?

Albemarle uses the FHA limit for all of Stanly County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Albemarle?

The typical homeowner in Albemarle pays $1,396 a year, according to the U.S. Census Bureau. That is 0.68% of the home’s value; in Stanly County, the rate is 0.57%.

Where can I find free help to buy or rent in Albemarle?

We found no HUD-approved counseling agencies with an office in Stanly County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).