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City · 35,825 residents · Rowan County, North Carolina

Salisbury , North Carolina

In Salisbury, a typical home is worth $242,500 and typical rent is $1,071 a month. Compared with all of Rowan County, typical household income is 18% lower, typical rent is 6% higher, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $242,500

    About the same as the county

    16% below North Carolina

    • Salisbury
    • Rowan
    • North Carolina

  • Typical rent

    $1,071a month

    6% above the county

    13% below North Carolina

    • Salisbury
    • Rowan
    • North Carolina

  • Typical household income

    $53,716a year

    18% below the county

    26% below North Carolina

    • Salisbury
    • Rowan
    • North Carolina

  • Households that own their home

    52%

    21 points below the county

    15 points below North Carolina

    • Salisbury
    • Rowan
    • North Carolina

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

Market now, with Zillow data

Zillow data
Typical home value
$280,462
about the same as 12 months ago
Typical rent
$1,393 a month
3.5% more than 12 months ago

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

Salisbury is in Rowan 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 Rowan County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Salisbury apart

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

  1. 52% of households in Salisbury own their home, against 72% in Rowan County.

  2. Nearby, in Lexington, the typical home value is $179,900: 26% less than in Salisbury ($242,500).

  3. Nearby, in Mocksville, the typical rent is $892: 17% less than in Salisbury ($1,071).

  4. The typical household income in Salisbury is $53,716, 18% less than in Rowan County as a whole ($65,725).

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

The homes here

Housing in Salisbury

What homes there are in Salisbury, 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

The detached house is still the most common home in Salisbury, but it weighs less than in Rowan County: 62% against 72%.

Year built

The typical home in Salisbury was built in 1976, 7 years before the typical one in Rowan County.

There are fewer big homes in Salisbury than in Rowan County: 58% have 3 bedrooms or more, against 67%.

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 93% of owner-occupied homes in Salisbury are worth less than the FHA loan limit for Rowan County ($541,287).

Monthly rent with utilities

About 63% of rented homes in Salisbury cost less than HUD's 2-bedroom fair market rent for Rowan County ($1,262); the rest cost more.

With a mortgage

$1,500 a month

Rowan County: $1,429 a month

Without a mortgage

$518 a month

Rowan County: $412 a month

Owners with a mortgage

65%

Rowan County: 60%

Owning costs about the same in Salisbury as in Rowan County: with a mortgage, $1,500 a month; without one, $518.

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, homes in Salisbury gained value faster than in Rowan County: 88% against 75%.

Since 2015–2019, the typical rent in Salisbury rose 36%, more than in Rowan County (31%).

The typical household income in Salisbury rose 28%: less than home values (+88%) and rent (+36%).

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

MeasureSalisburyRowan CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate4.4%7.1%5.5%
Homeowner vacancy Unreliable estimate1.4%1.3%0.9%
More than one person per room 3.1%2.9%2.2%3.4%
People per household 2.302.482.442.53
Drive alone 72%78%72%69%
Carpool 12%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 3%1%2%3%
Work from home 9%8%16%15%
Other means Unreliable estimate2%1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Rowan County, 3.1% of households in Salisbury have more than one person per room.

Households in Salisbury are smaller: 2.30 people on average; in Rowan County, 2.48.

In Salisbury, 72% of workers drive alone to work; in Rowan 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 Salisbury?

A typical home costs more than the typical income allows

We start with a typical home in Salisbury, worth $242,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Salisbury, which is $53,716 a year. For that payment to be 28% of income, a household would need to earn about $85,505 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Salisbury. 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 $8,488 (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

$1,995

at 7.18% · 30 years

Loan amount
$238,107
Total interest
$342,580
Paid off in
November 2056

Includes $4,095 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,253 a month

  • Tight

    $1,253 to $1,611 a month

  • Hard

    more than $1,611 a month

    Your payment · 45%

Compared with the typical household income in Salisbury ($53,716 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,995
Principal & interest$1,613
Property tax$174
Home insurance$101
FHA mortgage insurance (MIP)$107

You need at least $8,488 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

Salisbury and Rowan County

Salisbury is in Rowan 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).

Salisbury's own numbers

Typical home value
$242,500
Typical monthly rent
$1,071
Typical yearly household income
$53,716
Households that own their home
52%
Effective property tax rate
0.86%

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

Numbers for all of Rowan County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,262
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
0.8%

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 Rowan County.

Everything about Rowan County

Buying

Buying a home in Salisbury

A typical home in Salisbury is worth $242,500: about the same as the county and 16% below North Carolina. With the typical household income in Salisbury ($53,716 a year), a typical home costs 4.5 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.

  • Salisbury 4.5 years
  • Rowan 3.6 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Rowan County

According to FHFA’s house price index, home prices in Rowan County rose 121% in the 10 years through 2025.

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

Period County North Carolina U.S.
Last year (2025) +4.1% +2.5% +2.9%
5 years (2020–2025) +66% +60% +47%
10 years (2015–2025) +121% +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

Salisbury next to Rowan 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
  • Salisbury $242,500
  • Rowan $238,400
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Salisbury $1,071
  • Rowan $1,013
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Salisbury $53,716
  • Rowan $65,725
  • North Carolina $72,388
  • United States $80,734
See the full table
Salisbury next to Rowan County and North Carolina
Measure Salisbury Rowan County North Carolina U.S.
Typical home value $242,500 $238,400 $288,900 $332,700
Typical monthly rent $1,071 $1,013 $1,228 $1,413
Typical yearly household income $53,716 $65,725 $72,388 $80,734
Households that own their home 52% 72% 67% 65%
Typical yearly property tax $2,082 $1,554 $1,896 $3,119
Effective property tax rate 0.86% 0.65% 0.66% 0.94%
Renters with high rent for their income 54% 47% 49% 51%

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

For a typical $242,500 home in Salisbury, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Salisbury's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,995a month

    Least cash to close
    Down payment
    $8,488
    Cash to close
    $15,763
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $107

  • Conventional, 5% down $1,951a month

    Down payment
    $12,125
    Cash to close
    $19,400
    Rate
    7.18%
    Mortgage insurance
    PMI · $115

  • Conventional, 20% down, no PMI $1,589a month

    Down payment
    $48,500
    Cash to close
    $55,775
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,813a month

    Down payment
    $36,375
    Cash to close
    $43,650
    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 Salisbury and for Rowan County.

Property tax

Effective rate in Salisbury

0.86%of the home’s value each year

$2,082 a year for the typical owner in Salisbury.

  • Salisbury 0.86%
  • Rowan 0.65%
  • 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 Rowan County

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

Homes in the high-risk zone
0.8%
424
Of those, with NFIP insurance
31%
County North Carolina U.S.
Homes in the high-risk zone 0.8% 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 Salisbury

Typical rent in Salisbury is $1,071 a month: 6% above the county. In Salisbury, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Rowan County, by unit size. To pay the 2-bedroom one ($1,262 a month) without spending more than 30% of your income, you would need to earn $24.27 an hour working full time.

HUD fair market rent for all of Rowan 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 $992 $19.08 $39,680
1 bedroom $1,012 $19.46 $40,480
2 bedrooms $1,262 $24.27 $50,480
3 bedrooms $1,604 $30.85 $64,160
4 bedrooms $2,109 $40.56 $84,360

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 Salisbury

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Salisbury has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,140 in 28146 to $1,320 in 28147.

2 of the 3 are above the fair market rent for Rowan County ($1,262).

  • 28144 $1,310$1,660
  • 28146 $1,140$1,450
  • 28147 $1,320$1,680

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Salisbury 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 Salisbury

HUD lists 29 buildings with rents for lower incomes in Salisbury. These are the largest.

  • Salisbury Family 200 S Martin Luther King Jr Ave, Salisbury 28144 327 low-income homes · For families (704) 638-1410
  • Salisbury Elderly PO Box 159, Salisbury 28145 138 low-income homes · For older adults (704) 638-1410
  • Laurel Pointe 100 Laurel Pointe Cir, Salisbury 28147 100 low-income homes · 2 bd: 40 · 3 bd: 48 · 4 bd: 12 · In service since 1999 · For families
  • Colonial Village Apartments 231 D Ave, Salisbury 28144 98 low-income homes · 1 bd: 20 · 2 bd: 66 · 3 bd: 12 · In service since 2014 · For families (704) 630-1100
  • Brenner Crossing II 610 Roy Leazer Ave, Salisbury 28144 90 low-income homes · 1 bd: 20 · 2 bd: 29 · 3 bd: 33 · 4 bd: 8 · In service since 2016 · For families

See all 35 buildings in Rowan County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Salisbury

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 Rowan County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Salisbury

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

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

  • Prosperity Unlimited, Inc

    1660 Garnet St, Kannapolis · 15 miles away

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

  • Home Solutions

    21 W 2nd St, Lexington · 17 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (336) 236-1675

  • CCCS of Greater Greensboro

    21 W. 2nd Street, Lexington · 17 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (336) 373-8882

All counseling agencies in North Carolina

Help in Spanish near Salisbury

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 Salisbury

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

  • Housing Authority of the City of Salisbury Public housing (704) 636-1410
  • Rowan County Housing Authority Public housing and Section 8 vouchers (704) 633-8380

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

Cities

Nearby cities

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

Everything about Rowan County Housing in North Carolina

Neighboring counties

If Rowan 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 Salisbury.

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

Questions

Housing questions about Salisbury

Short answers with the numbers for Salisbury and all of Rowan 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 Salisbury?

The typical home value in Salisbury is $242,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Rowan County it is $238,400.

How much does it cost to rent in Salisbury?

Typical rent in Salisbury is $1,071 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Rowan County is $1,262.

What is the FHA loan limit in Salisbury?

Salisbury uses the FHA limit for all of Rowan 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 Salisbury?

The typical homeowner in Salisbury pays $2,082 a year, according to the U.S. Census Bureau. That is 0.86% of the home’s value; in Rowan County, the rate is 0.65%.

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

We found no HUD-approved counseling agencies with an office in Rowan 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).