What percentage of people rent in Drexel, NC?
28.0% (±8.5 points) of the occupied homes in Drexel, NC are rented (2020–2024 American Community Survey).
That is 242 renting households against 623 that own their home.
In Drexel, the share of households that rent went from 25.6% in 2015–2019 to 28.0% in 2020–2024 (+2.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 28.0% (±8.5 points)
- Renting households
- 242 (±101)
- Median renter income
- $25,682 (±$20,243)
Who rents and who owns in Drexel
| Drexel | Burke County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 28.0% (±8.5 points) | 25.5% (±1.9 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 242 (±101) | 9,252 (±734) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 623 (±134) | 27,054 (±741) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 2.1 (±0.5) | 2.3 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.5 (±0.3) | 2.4 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $25,682 (±$20,243) | $42,241 (±$5,701) | $48,010 (±$418) | $52,966 |
| Median owner household income | $68,750 (±$19,221) | $67,247 (±$3,967) | $88,911 (±$521) | $100,009 |
In Drexel, the renter share is not measurably different from Burke County (25.5%).
It is not measurably different from North Carolina (33.4%).
It is not measurably different from the national figure (34.8%).
In Burke County, Drexel ranks 5 of 10 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 366 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Drexel has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 25.6% (±8.0 points) | 28.0% (±8.5 points) | +2.4 percentage points | Not a measurable change |
| Median gross rent | $677 (±$97) | $590 (±$218) | −12.9% | No measurable change after inflation |
| Median household income | $42,703 (±$7,027) | $61,992 (±$13,338) | +45.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Drexel
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Drexel | — | 28.0% (±8.5 points) | — |
| Valdese | 2.0 mi | 27.1% (±7.8 points) | Not measurably different |
| Rutherford College | 4.6 mi | 26.9% (±12.0 points) | Not measurably different |
| Morganton | 5.3 mi | 45.3% (±4.5 points) | Higher |
| Connelly Springs | 6.3 mi | 41.2% (±14.9 points) | Not measurably different |
| Salem | 6.5 mi | 28.2% (±12.1 points) | Not measurably different |
| Gamewell | 7.4 mi | 38.8% (±12.6 points) | Not measurably different |
| Cajah's Mountain | 7.7 mi | 24.7% (±7.2 points) | Not measurably different |
| Sawmills | 8.5 mi | 31.3% (±8.7 points) | Not measurably different |
Nearby places with a measurably higher figure: Morganton, NC (45.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Burke County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Morganton | 45.3% (±4.5 points) |
| 2 | Connelly Springs | 41.2% (±14.9 points) |
| 3 | Hildebran | 34.9% (±10.9 points) |
| 4 | Salem | 28.2% (±12.1 points) |
| 5 | Drexel | 28.0% (±8.5 points) |
| 6 | Valdese | 27.1% (±7.8 points) |
| 7 | Rhodhiss | 27.0% (±10.8 points) |
| 8 | Rutherford College | 26.9% (±12.0 points) |
| 9 | Icard | 23.9% (±12.7 points) |
| 10 | Glen Alpine | 15.3% (±7.4 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Drexel
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Drexel, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Drexel beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Drexel, and send estimates and invoices from your phone.
Questions about Drexel
How many renters are there in Drexel?
Drexel has an estimated 242 (±101) renting households, 28.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Drexel?
In Drexel, the share of households that rent went from 25.6% in 2015–2019 to 28.0% in 2020–2024 (+2.4 percentage points), not a measurable change.
How big are renting households in Drexel?
A renting household in Drexel has 2.1 people on average, against 2.5 in an owned home.
How much do renters earn in Drexel?
The median renting household in Drexel, NC has an income of $25,682 (±$20,243) a year, against $68,750 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Drexel town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Drexel town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Drexel town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Drexel town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Drexel town, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Drexel town, North Carolina (place:17860, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Drexel at a glance
- Median rent in Drexel
- Income and affordability in Drexel
- Home values in Drexel
- Homeowner costs in Drexel
- Property taxes in Drexel
- Types of homes in Drexel
- Bedrooms in Drexel
- Age of homes in Drexel
- Heating fuel in Drexel
- Commute and cars in Drexel
- Crime reported to police in Drexel
- Population growth in Drexel
- How long people stay in Drexel
- North Carolina landlord and tenant rules
- Housing across Burke County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina