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City · 5,961 residents · Richmond County, North Carolina

Hamlet , North Carolina

In Hamlet, a typical home is worth $112,600 and typical rent is $640 a month. Compared with all of Richmond County, the typical home value is 12% lower, typical rent is 12% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $112,600

    12% below the county

    61% below North Carolina

    • Hamlet
    • Richmond
    • North Carolina

  • Typical rent

    $640a month

    12% below the county

    48% below North Carolina

    • Hamlet
    • Richmond
    • North Carolina

  • Typical household income

    $41,590a year

    7% below the county

    43% below North Carolina

    • Hamlet
    • Richmond
    • North Carolina

  • Households that own their home

    52%

    14 points below the county

    15 points below North Carolina

    • Hamlet
    • Richmond
    • North Carolina

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

Market now, with Zillow data

Zillow data
Typical home value
$127,637
about the same as 12 months ago

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

Hamlet is in Richmond 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 Richmond County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hamlet apart

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

  1. Hamlet has the lowest typical rent of the 154 cities in North Carolina with more than 5,000 people: $640.

  2. Hamlet has the 2nd lowest typical home value of the 166 cities in North Carolina with more than 5,000 people ($112,600).

  3. 52% of households in Hamlet own their home, against 66% in Richmond County.

  4. Hamlet has the 11th lowest typical household income of the 165 cities in North Carolina with more than 5,000 people ($41,590).

  5. Hamlet has the 12th smallest share of rent-burdened renters of the 136 cities in North Carolina with more than 5,000 people (38%).

  6. 17% of households in Hamlet have no internet at home (11% in Richmond County).

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

The homes here

Housing in Hamlet

What homes there are in Hamlet, 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

In Hamlet, 8 in 10 homes are single-family detached houses; in Richmond County, 7.

Year built

The typical home in Hamlet was built in 1963, 13 years before the typical one in Richmond County.

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
Monthly rent with utilities

With a mortgage

$960 a month

Richmond County: $1,169 a month

Without a mortgage

$463 a month

Richmond County: $447 a month

Owners with a mortgage

45%

Richmond County: 50%

In Hamlet, 45% of owners have a mortgage, and their typical cost is $960 a month, against $1,169 in Richmond County. Without one it drops to $463.

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

Since 2015–2019, home values in Hamlet moved so little that the Census cannot say whether they rose or fell.

Since 2015–2019, the typical rent in Hamlet did not change clearly, according to the Census.

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

MeasureHamletRichmond 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 estimate2.5%2.2%3.4%
People per household 2.392.432.442.53
Drive alone 80%85%72%69%
Carpool Unreliable estimate10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate4%16%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

By size, households in Hamlet look like those in Richmond County: 2.39 people on average.

In Hamlet, 80% of workers drive alone to work; in Richmond County, 85%.

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 Hamlet?

A typical home is within reach of the typical income

We start with a typical home in Hamlet, worth $112,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Hamlet, which is $41,590 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Hamlet. 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 $3,941 (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

$929

at 7.18% · 30 years

Loan amount
$110,561
Total interest
$159,071
Paid off in
November 2056

Includes $1,902 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $970 a month

    Your payment · 27%

  • Tight

    $970 to $1,248 a month

  • Hard

    more than $1,248 a month

Compared with the typical household income in Hamlet ($41,590 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$929
Principal & interest$749
Property tax$84
Home insurance$47
FHA mortgage insurance (MIP)$50

You need at least $3,941 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

Hamlet and Richmond County

Hamlet is in Richmond 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).

Hamlet's own numbers

Typical home value
$112,600
Typical monthly rent
$640
Typical yearly household income
$41,590
Households that own their home
52%

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

Numbers for all of Richmond 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)
+59%
Homes in a high flood-risk zone
0.4%

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 Richmond County.

Everything about Richmond County

Buying

Buying a home in Hamlet

A typical home in Hamlet is worth $112,600: 12% below the county and 61% below North Carolina. With the typical household income in Hamlet ($41,590 a year), a typical home costs 2.7 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.

  • Hamlet 2.7 years
  • Richmond 2.8 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Richmond County

According to FHFA’s house price index, home prices in Richmond County rose 90% in the 10 years through 2025.

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

Period County North Carolina U.S.
Last year (2025) +6.3% +2.5% +2.9%
5 years (2020–2025) +59% +60% +47%
10 years (2015–2025) +90% +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

Hamlet next to Richmond 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
  • Hamlet $112,600
  • Richmond $127,800
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Hamlet $640
  • Richmond $724
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Hamlet $41,590
  • Richmond $44,883
  • North Carolina $72,388
  • United States $80,734
See the full table
Hamlet next to Richmond County and North Carolina
Measure Hamlet Richmond County North Carolina U.S.
Typical home value $112,600 $127,800 $288,900 $332,700
Typical monthly rent $640 $724 $1,228 $1,413
Typical yearly household income $41,590 $44,883 $72,388 $80,734
Households that own their home 52% 66% 67% 65%
Typical yearly property tax $1,112 $1,138 $1,896 $3,119
Renters with high rent for their income 38% 51% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Richmond 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 Hamlet

For a typical $112,600 home in Hamlet, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, an example home insurance and mortgage insurance when it applies. It leaves out property tax because the Census Bureau doesn't publish Hamlet's rate.

  • FHA, 3.5% down $846a month

    Least cash to close
    Down payment
    $3,941
    Cash to close
    $7,319
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $50

  • Conventional, 5% down $825a month

    Down payment
    $5,630
    Cash to close
    $9,008
    Rate
    7.18%
    Mortgage insurance
    PMI · $53

  • Conventional, 20% down, no PMI $657a month

    Down payment
    $22,520
    Cash to close
    $25,898
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $761a month

    Down payment
    $16,890
    Cash to close
    $20,268
    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 Hamlet and for Richmond County.

Flood risk in Richmond County

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

Homes in the high-risk zone
0.4%
84
Of those, with NFIP insurance
19%
County North Carolina U.S.
Homes in the high-risk zone 0.4% 2.8% 3.5%
Of those, with NFIP insurance 19% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hamlet

Typical rent in Hamlet is $640 a month: 12% below the county. In Hamlet, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Richmond 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 Richmond 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 $757 $14.56 $30,280
1 bedroom $786 $15.12 $31,440
2 bedrooms $1,012 $19.46 $40,480
3 bedrooms $1,352 $26.00 $54,080
4 bedrooms $1,531 $29.44 $61,240

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 Hamlet

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hamlet is in ZIP code 28345.

For 2 bedrooms it is $1,010: $2 less than the fair market rent for Richmond County ($1,012).

  • 28345 $1,010$1,350

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hamlet 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 Hamlet

HUD lists 7 buildings with rents for lower incomes in Hamlet. These are the largest.

  • Hubbard/Nelson/Lile Homes 144 Thomas St, Hamlet 28345 230 low-income homes · Run by Hamlet Housing Authority · Average payment: $376 a month · Average wait: 9 months · Homes at several sites (910) 582-3279
  • Quail Hollow Apartments 601 Quail Hollow Dr, Hamlet 28345 48 low-income homes · For families (910) 582-6250
  • Tall Pines Apartments 900 Ridge Dr, Hamlet 28345 48 low-income homes · Studio: 1 · 1 bd: 15 · 2 bd: 32 · For families
  • Richmond Village Apartments 324 Green St, Hamlet 28345 40 low-income homes · For older adults (910) 582-4655
  • Sierra Gardens 935 E US Highway 74, Hamlet 28345 32 low-income homes · 1 bd: 20 · 2 bd: 12 · In service since 2004 · For older adults

See all 25 buildings in Richmond County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hamlet

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.

There is 1 HUD-approved agency with an office in Richmond County; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Hamlet

No down payment, repair or rent-help program on our list is for Hamlet or Richmond County. The ones below are statewide in North Carolina: they work in Hamlet 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 Hamlet

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

  • Sandhills Community Action Program, Inc.

    602 Rockingham Rd, Rockingham · 5 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (910) 410-0207

  • Sandhills Community Action Program, Inc.

    205 W Morgan St, Wadesboro · 21 miles away

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

  • Sandhills Community Action Program, Inc.

    340 Commerce Ave Ste 20, Southern Pines · 25 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 6 more
    (910) 947-5675

Every agency in Richmond County All counseling agencies in North Carolina

Help in Spanish near Hamlet

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 Hamlet

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

One other authority has an office in Richmond County: see the list Source: HUD

Cities

Other cities in Richmond County

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

Everything about Richmond County Housing in North Carolina

Nearby cities

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

Neighboring counties

If Richmond 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 Hamlet.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Hamlet

Short answers with the numbers for Hamlet and all of Richmond 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 Hamlet?

The typical home value in Hamlet is $112,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Richmond County it is $127,800.

How much does it cost to rent in Hamlet?

Typical rent in Hamlet is $640 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Richmond County is $1,012.

What is the FHA loan limit in Hamlet?

Hamlet uses the FHA limit for all of Richmond 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 Hamlet?

The typical homeowner in Hamlet pays $1,112 a year, according to the U.S. Census Bureau. That is Data not available for this place of the home’s value; in Richmond County, the rate is 0.89%.

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

There is 1 HUD-approved counseling agency with an office in Richmond County. 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).