Compare Gastonia, NC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Gastonia.
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May 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Gastonia. Understand how much you need to earn to afford a home in Gastonia, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Gastonia fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Gastonia is right for you.
The median home value for Gastonia, NC (Gaston County) is $212,736
Based on current mortgage rates and a 10% down payment, you need to make $34,856 per year to buy the median priced home in Gastonia
With this income, you could qualify for a $191,462 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Gastonia is $807
The median household income for Gastonia, NC (Gaston County) is $61,172
Based on this income, you can afford a home valued at approximately $373,350
The home price you can afford to buy based on household income in Gastonia is 175% of the median home value which means housing prices are average. Gastonia (Gaston County) ranks 50 out of 100 counties in North Carolina and 2,207 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Gastonia, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Gastonia (Gaston County) below.
Conforming loan limits for Gastonia, NC
FHA loan limits for Gastonia, NC
VA loan limits for Gastonia, NC