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North Carolina · Census place 55640

Red Oak town, NC

Quick answer

Red Oak town has 3,372 residents, ranking #240 of 777 places in North Carolina. Median household income is $81,464, the median home is worth $236,200 and median gross rent runs $818 a month.

Population
3,372Red Oak town residents
Median household income
$81,464Past 12 months, inflation adjusted
Median home value
$236,200Owner-occupied units
Median gross rent
$818Rent plus utilities, monthly
Median age
51.2 yrsAll residents
Homeownership rate
83.6%Owner-occupied households

What the numbers mean in Red Oak town

Housing cost measured against local earnings.

A household earning the Red Oak town median would spend about 12% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.8% of residents and 83.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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